Will the Price of Gas Ever Go Down?
SodaHead News
2011/04/07 23:11:27
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Oil prices have risen above $100 a barrel again, in case you haven't noticed, and because of the political chaos rampant in the Middle East, some speculators fear the price might not recede this time.
Other sources say the market will force prices back down, but no one can say for sure.
"This latest oil price spike may not be as temporary or 'speculative' as once thought," says HybridCars.com. Demand isn't just growing in a rebounding U.S. China's oil consumption is expected to rise 14 percent by 2015, which is good reason to expect that $100-plus per barrel crude may be here to stay.
Other sources say the market will force prices back down, but no one can say for sure.
Read More: http://theweek.com/article/index/213981/is-100-a-b...
We have turned the necessity of owning a vehicle into a hobby. Our society will buy a brand new car for a 16 year old birthday... 16 year olds don't need cars, they need diplomas. What is the point of bringing down gas prices... If we are going to continue to own multiple cars. It is basic supply and demand. Consumption of fuel is off the charts due to the amount of new cars on the roads over the years.
Stop buying more cars and economize with the ones you already have.
Vehicles are so temporary now. God forbid we own a car for more than 5 years... I see no silver lining due to our own greed
On January 15, 2001, five days before George W. Bush took the oath of office, the average gas price was $1.66 per gallon. While Bush was still in office, gas prices peaked on July 15, 2008 at at $4.35 per gallon.
That's a $2.69 jump, hombre. And no question, one of the many factors that contributed to the economic blowout that -- how do we keep forgetting this -- began UNDER George Bush (the other factors being years of ridiculously low interest rates, unhindered thievery by the banks that finance Washington (on both sides of the aisle), and the popping of an actively encouraged real estate bubble).
UNDER Bush, those gas prices rose because the dollar tanked due to HIS record deficit spending and debt accumulation... because of HIS $1 trillion+ pointless war in Iraq... because of HIS failure to reign in the Iran problem diplomatically... and because we spent most of those eight years losing one economic edge after another to China, which itself grew at a near-double-digit clip annually and spent its growing fortunes cornering sweetheart deals with our form...
On January 15, 2001, five days before George W. Bush took the oath of office, the average gas price was $1.66 per gallon. While Bush was still in office, gas prices peaked on July 15, 2008 at at $4.35 per gallon.
That's a $2.69 jump, hombre. And no question, one of the many factors that contributed to the economic blowout that -- how do we keep forgetting this -- began UNDER George Bush (the other factors being years of ridiculously low interest rates, unhindered thievery by the banks that finance Washington (on both sides of the aisle), and the popping of an actively encouraged real estate bubble).
UNDER Bush, those gas prices rose because the dollar tanked due to HIS record deficit spending and debt accumulation... because of HIS $1 trillion+ pointless war in Iraq... because of HIS failure to reign in the Iran problem diplomatically... and because we spent most of those eight years losing one economic edge after another to China, which itself grew at a near-double-digit clip annually and spent its growing fortunes cornering sweetheart deals with our former oil partners.
All before Obama even took office. You're right to push Obama to get this under control. That's his job. But you're a fool if you pretend Bush had no role in it, much less a major one...
Am I being too optimistic?
OR...
You might see them go down if we find a viable alternative. That's not "green-speak" it's just the simple truth about economics. Natural gas might work for a little while, but requires retro-fitting and rebuilding our car industry. The easiest solution might very well be algae-based fuels, which still need work as well... but offer a far better, longer-laster value to the U.S. than another oil war.
Before you dismiss that idea, Goolge algae biofuels and read. It's incredible stuff and very likely, at this point, the future. (P.S. Nobody thought we'd ever move away from horse-drawn buggies, either. But we did.)
Plus, we need more refinery capacity because we cannot even produce the gasoline we need.
If we refined a minimum number of blends instead of several states creating their own formulas, there would be less shutdown time with fewer blends and more refining time.