Where Is The Gas Price Heading?

[supralight]

i dont know about y'all but i WANT gas to be expensive because it WILL bring about social change, namely in the form of more affordable alternative energy producing devices. public xportation does work and people will rethink where they work and i truly hope it will bring about a more localized society.

[.8down]

[foofighter]

Originally Posted by supralight

i dont know about y'all but i WANT gas to be expensive because it WILL bring about social change, namely in the form of more affordable alternative energy producing devices. public xportation does work and people will rethink where they work and i truly hope it will bring about a more localized society.

i understand and agree, however you dont want these changes to occur in too short of a time frame because it will cause a HUGE disruption in our economy society our way of life. it should really happen in an incremental manner so that it eases people into it LOL

[guero]

this is why i love long beach so much. i can walk within a one mile radius and get just about anything i need. i can even ride my bike to work as well.

[.8down]

Originally Posted by .8down

welcome to scooter nation...because Cali is not set up with good public transport, we will all turn to small personal transport, the amount of scooters near my work have jumped from zero to 3-5, only last month, that I have seen...

[EMrider]

Originally Posted by Evil Chocula

What goes up, must come down. It might not be tomorrow, or maybe not this summer, but the dollar will regain strength and the price of oil will come down. The commodity bull market is on it's last legs, IMO.

I'm sure there's some CNBC jockeys on here that will disagree, but only time will tell .



The first lesson my mentor taught about investing and economics: whatever the popular media is reporting, is ussaully the opposite of what you should be doing or thinking.

Is it true? So far.. but who knows? I'm not worried. If you have any cash to invest, this weekend is an AWESOME time to buy the S&P.




Is that me? If so, just trying to save you bubbs some anxiety.

I tend to think about these issues in a similar way. Linear extrapolation and over simplification are usually a bad way to make longer term decisions. And it is typical that bold forecasts prominently feature "everything going to he**" or something to that effect. Human history, over any time frame, is a two (or three) step forward and one step back process. Not the other way around. I have no clue what will happen next, but that is the objective truth about the past.

I'm not happy paying more for gas (actually, I get it worse because I drive a diesel). But I'm glad oil prices have surged because that is the ONLY way to create incentives that actually change behavior. People simply don't care enough about the environment or broader agendas (e.g., foreign oil dependence) to inconvenience themselves for no obvious gain. But now they are making big and long term behavior changes because the incentives are different. The longer term consequences of this are vey positive IMHO. Especially if you are an advocate of all things "green". When I hear my mega-green friends whining, I just tell them to be quiet because they are finally getting everything they have always wanted. Beware what you wish for!

R

Originally Posted by supralight

i dont know about y'all but i WANT gas to be expensive because it WILL bring about social change, namely in the form of more affordable alternative energy producing devices. public xportation does work and people will rethink where they work and i truly hope it will bring about a more localized society.

I think you're right. A more "localized society" is not on my wish list, but that may indeed happen. On new technology for transport and energy production, I'm with you 100%. Our big problem is one of transition. We are not "there" yet, and getting there will be painful and take time. But the more it hurts, the faster things will change.
R

[el_d00der1n0]

Have you all considered how much our transported goods are going to go up as a response to the rising fuel costs?

[supralight]

Originally Posted by foofighter

i understand and agree, however you dont want these changes to occur in too short of a time frame because it will cause a HUGE disruption in our economy society our way of life. it should really happen in an incremental manner so that it eases people into it LOL

i agree wholeheartedly, although i think the shakeup woyld be both good and bad to a certain extent. the initial shock would force people to radically change the way they do things for the better and on the other hand, those same changes would cause others an effin' ton of discomfort for those entrenched in their behaviors and unable to cope with such radical and extensive changes.

i live my life pretty simply, and try to whittle what little excess there is , out of my life, to reduce stress, and increase my happiness.

when hard pressed, most people are flexible enough to be able to change with the surroundings, and those who aren't, unfortunately, will cease to exist. im sure this will rub some the wrong way; but i truly feel that there are too many people on this small planet, and the minority are really screwing things up for the majority.

the world is an unfair place. if i am one of the ones that can't cope with the changes that are to come, then so be it.

[.8down]

Originally Posted by el_d00der1n0

Have you all considered how much our transported goods are going to go up as a response to the rising fuel costs?

ya, maybe I should start charging for TPS....

[foofighter]

Originally Posted by supralight

i agree wholeheartedly, although i think the shakeup woyld be both good and bad to a certain extent. the initial shock would force people to radically change the way they do things for the better and on the other hand, those same changes would cause others an effin' ton of discomfort for those entrenched in their behaviors and unable to cope with such radical and extensive changes.

i live my life pretty simply, and try to whittle what little excess there is , out of my life, to reduce stress, and increase my happiness.

when hard pressed, most people are flexible enough to be able to change with the surroundings, and those who aren't, unfortunately, will cease to exist. im sure this will rub some the wrong way; but i truly feel that there are too many people on this small planet, and the minority are really screwing things up for the majority.

the world is an unfair place. if i am one of the ones that can't cope with the changes that are to come, then so be it.

agreed, someone else mentioned that people arent going to change for the sake of the planet etc unless it DIRECTLY affects their pocket book then they'll change.

Has anyone driven by a local Car Max lately? that place is loaded to the gills w/ SUV's and full size trucks. I think at some point they're going to stop buying these outright because who the heck is going to buy them other than farmers etc out in the midwest!

But our society has short term memory they'll do what they do and as Evil Chocula mentioned should the dollar gain its strength back and the oil prices drop people will quickly fall back into their old habits of being excessive

[DeeZee]

Originally Posted by foofighter

agreed, someone else mentioned that people arent going to change for the sake of the planet etc unless it DIRECTLY affects their pocket book then they'll change.

Has anyone driven by a local Car Max lately? that place is loaded to the gills w/ SUV's and full size trucks. I think at some point they're going to stop buying these outright because who the heck is going to buy them other than farmers etc out in the midwest!

But our society has short term memory they'll do what they do and as Evil Chocula mentioned should the dollar gain its strength back and the oil prices drop people will quickly fall back into their old habits of being excessive

"quickly fall back into their old habits of being excessive"

Like 5 new bike frames in a year

ps. Some SUV prices have not come crashing down (yet)......wish they would

[ericfoltz]

I heard on the news this morning that they are predicting oil will be $200 a barrel by the end of 2009. I don't think gas will be coming down anytime soon.

Hopefully this will get people to think about a useful light-rail/subway system and redeveloping population areas instead of continuing to push housing farther and farther from where the jobs are.

As someone who has lived and traveled in cities and countries with good public transportation systems, I would love to see it here. I lived in Seoul for a year and didn't miss having a car once. It was actually more of a hassle to drive than to just jump on a train or ride the subway.

[L8 APEKS]

I already wake up at 4:30am to get to work at 6am in a car. I can't even imagine what time I'd have to wake up to ride my bike from Disneyland to downtown Long Beach.

[KeepsWhatHappens]

OK two thoughts:

--- First of all not only is the price of fuel draining our wallets, but it is killing our 401ks and investments as well! Today the dow fell 395 points, the biggest one-day point loss in 15 months due to crude prices biggest one-day jump and a poor jobs report.

--- Even if the price of crude fell, and the oil companies were allowed to drill 100s of oilwells off the coast and in ANWR, I doubt the price of gas would come down much, if at all. They know we have no choice but to buy fuel and they have us by the short and curlies.

[Evil Chocula]

Originally Posted by ericfoltz

I heard on the news this morning that they are predicting oil will be $200 a barrel by the end of 2009. I don't think gas will be coming down anytime soon.

Dot com companies are going to keep going up too .... and real estate... and limited partnerships.... tulips (yes, there was a tulip bubble!).

[L8 APEKS]

Yay capitalism!!!

[DeeZee]

Originally Posted by KeepsWhatHappens

OK two thoughts:

--- First of all not only is the price of fuel draining our wallets, but it is killing our 401ks and investments as well! Today the dow fell 395 points, the biggest one-day point loss in 15 months due to crude prices biggest one-day jump and a poor jobs report.

--- Even if the price of crude fell, and the oil companies were allowed to drill 100s of oilwells off the coast and in ANWR, I doubt the price of gas would come down much, if at all. They know we have no choice but to buy fuel and they have us by the short and curlies.

but it is killing our 401ks and investments as well!

Are you getting ready to retire soon? Buy now at a discount

[slapfan1]

I wish I could commute to work. I pumped at 4.11 a weak a go and today 4.59