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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
 Posted - 05/20/2008 : 17:45:39
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$14 gasoline within two years? Fuel rationing!? These were topics discussed on CNBC this morning. Would selling my extra fuel rations on eBay be illegal? What is the history, if any, on fuel rationing?
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 05/20/2008 : 18:37:36
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| If we have $14 gas, there will be much, much more telecommuting. Heck, at that price, a motorcycle looks very good for the few days I would actually have to commute to the office. Or, a horse. I may get a horse. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/20/2008 : 19:20:41
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| If or when the S hits the fan I'm sure very high gasoline prices will be its start. |
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Think positive. |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/20/2008 : 21:21:03
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Don't get a horse. Feeding that horse will break you. Have you seen the price of hay and oats?
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 05/20/2008 : 22:07:20
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The FED's running the presses like there's no tomorrow, REAL interest rates are already in negative territory, nobody want's to buy treasury bills.
Hell, why stop at $14/gallon, why not $20?
The funniest-saddest part is congress calling the oil companies to testify. Don't get me wrong, I don't have any love for them, but they don't set the price of oil, the PRODUCERS set the price. And the producers don't want Dollars! There is NO shortage of oil. There IS a collapse in faith in the dollar. But we here already know that, yada-yada-yada, blah-blah-blah.... |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Nickelless
Administrator
USA
5580 Posts |
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eharrison
Penny Pincher Member
USA
234 Posts |
Posted - 05/21/2008 : 01:19:02
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I ride my bike everywhere- work, mall, picking up pennies etc. (let me tell you, you haven't had a workout untill you have hauled $50 in pennies, and over $200 in other assorted coins on your back  ) So $14 a gallon gas,not so much of a problem for me. I do think this will happen in the comming years (5 maybe) and our collective worlds, as far as travel goes, will shrink a bit. IMHO.
Oh and for all you diesel lovers out there, my dad is starting to run his truck ONLY on veg. oil. It takes little converting time and you can get it from burger shops for free! |
Freedom is popular
That's why I voted
Ron Paul! |
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n/a
deleted
84 Posts |
Posted - 05/22/2008 : 01:37:29
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Jack,
I hate to nit-pick with you on economics... (Who am I kidding-that's half the reason I lurk on this board ;)
The price, of anything, is ultimately determined by the consumers/demanders. If people stop demanding it, watch the price tumble, despite the best efforts of much-maligned "big oil." What happened to the price of whale oil after kerosene came into use?
I like the oil companies, the same way I like any business I patronize: they provide me products and services that make my life good. I just wish they were free to drill for more oil, build more refineries, and otherwise compete with each other and bid the prices down on behalf of the consumers. |
"Truth is treason in the empire of lies." -Ron Paul, from _The Revolution: A Manifesto_ |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 05/22/2008 : 05:44:40
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quote:
Originally posted by Economist
The price, of anything, is ultimately determined by the consumers/demanders. If people stop demanding it, watch the price tumble, despite the best efforts of much-maligned "big oil."
Right now, we have a perfect inelastic demand curve.  Until we really get behind finding a viable replacement for gasoline, or people use considerably less of it, the price will continue to rise. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/22/2008 : 10:57:16
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Don't let them drill in US. Lets use everyone elses oil. We will still have oil when they run out.
If the average person drives 12000 miles a year and get 25 miles to the gallon, then that is 480 gallons a year or 9-10 gallons a week.
Price has increased by $2 a gallon then that is only $20 a week per driver or $40 for two income family. That is only going to kill people that are living pay check to pay check...which might mean they have other problems than the price of gas.
If it goes from $2 a gallon to $10 then that is $80 to $160 a week ($8K a year). That is going to hurt tons of people. If you are making 55,000 a year and were saving 15%, then now the increase in gas is wiping out your savings. We know most aren't saving 15%. 5% saving rate would be $160,000 a year salary.
$4 might cause a few to pitch pennies and cut down on driving.
$10 would destory most people, which would destory demand.
I can't see it going above $10. The economic wipe out would be worse than people want to believe possible.
$14-20 a gallon would be an extra 12-18k gas expense for a two income family. None of these figure count in flow through effects of gas causing inflation in everything else.
$10 gas would cause financial hardship for most families under $200K in income. That is 90+% of the country.
At some point the gas saving for hybirds makes them be the only cars that are sellable. SUVs arleady have tanking resell values.
-SWUSC
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`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 05/27/2008 : 22:30:33
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I went on a casual car shopping adventure last week. Stopped at the Honda dealer and wanted to see one of the Civic Hybrids. The sales rep told me that I'd be better off buying a 4 cyl Civic 2 dr as the list price is $3000 less than the hybrid. There's a 10 mpg difference in the fuel economy between the 2 vehicles (35 vs 45). I'd also have to be on a wait list for 4-6 weeks for the Hybrid while the others are readily available with some decent financing options.
All this talk of going "green" with the hybrids. Maybe those aren't the best financial option either. Hydrogen or something else perhaps. I opted for neither of the Civics, climbed back into my 2003 Honda Accord (with no car payments) and sped off into the night. Maybe I'll consider my options again in a few years. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/28/2008 : 09:05:51
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Well, let's see about the savings. 12,000 miles a year would be 343 gallons vs 267 gallons or saving 76 gallons.
76 x 4 is $304. Figure 10 year life of the car (you should either use this yourself or recover it in the resale value)
6% cost of capital... $304 for 10 years is worth $2,237.
If you drove more like 20K a year for 10 years, then it might make sense. We need to find away to convert organic trash into oil and it be cheap enough to work.
This using hybirds and corn isn't going to help us. It is just changing the cost.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 05/28/2008 : 09:36:19
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quote:
Originally posted by swusc
We need to find away to convert organic trash into oil and it be cheap enough to work.
This using hybirds and corn isn't going to help us. It is just changing the cost.
We can turn trash into oil... it's called thermal depolymerization, and I think it has a lot of potential:
You must be logged in to see this link. |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/28/2008 : 14:49:33
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Yea I know about CWT, but no one talks about that when they talk about new types of fuel. Why use corn when you could use that. We have tons of trash. We don't have tons of corn.
Then the only Greenie worry would be why cars don't pure burn the hydrocarbons. The only by product of burning hydrocarbons should be CO2 and H2O. It isn't with cars though. They produce a bunch of by products.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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$14 Gasoline and Rationing!?
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