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Predictions on Moab?

Dominic

Dominic

Well-Known Member
Location
Salt Lake City
Cody said:
Our GSW event had it's lowest turnout in about 6 years. I think a big part of it is the gas prices, but some of it can be contributed to the event losing it's novelty.
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Yeah but you guys are spread way out. Thats alot of gas even when it's not so expensive.
 
Paul R

Paul R

Well-Known Member
Location
SLC
Cody said:
thats interesting. Although, with our trade deficit some of those countries could probably afford to subsidize fuel for a long time before things even out.

****, we've been running on monopoly money for years. works for us! :ugh:
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That is exactly what I thought when I read that... It has never been a problem for us to create money... Lots of it probably came from those who are subsidising fuel. What happens when they say they want it back? Pull the dollar further down and hike up the gas prices?
 
jesse

jesse

Masshole
Location
Everywhere
Cody said:
Also, the higher gas becomes, the more pressure there will be on the government and auto manufactureres to come up with efficient motors and alternative fuel sources. I think once big oil sees these initiatives start to take a chunk from their profits, they will jump on the bandwagon to try and get a share of the next generation of energy sources.
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i kindof think that oil companys are seeing that oils future is shrinking and that might be why they are jacking up the prices now, to get their money while they can before we don't need oil anymore, if that ever happens
 
solidfrontaxle

solidfrontaxle

Toyota jihad
Location
Casper, Wyoming
I love how everyone is an economics expert. The economy isn't an opinion.
When will everybody learn: OIL COMPANIES DO NOT CONTROL OIL PRICES.
Get a little educated on at least the very BASIC economic concepts. Thanks.
 
M

my4thjeep

Registered User
Location
Lehi
solidfrontaxle said:
I love how everyone is an economics expert. The economy isn't an opinion.
When will everybody learn: OIL COMPANIES DO NOT CONTROL OIL PRICES.
Get a little educated on at least the very BASIC economic concepts. Thanks.
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I disagree...

They might not have total control but they do have control. No new gas production plants have been built since 1976. The gas companies have been able to increase production enough to keep the price in check. The greenies have limited production by not allowing increases in supply via in ability to drill and inability to create new production. As the world's demand on oil has grown supply decreases increasing price. The oil/gas companies have enough resources financially and politically to increase supply but they choose not to because of the current profits. These companies are also double dipping by also investing in oil futures increasing the cost of oil.

We can blame this problem squarely on our government who hasn't allowed free market system to work because of regulations. (There are lots of other industries the government has screwed over like this Airlines being one) The free market system is the fastest most efficient method of finding new methods and technologies. Why do you think the greenies want $15 a gallon gas? It increases the likelyhood of the free market finding alternative energies. I don't think that will happen.

It won't happen because the government will intervine as the economy melts down. Suddenly we will see oil drilling in new areas and increases in gas production because of government meddling. As the economy falls so does tax revenue and government has an insatiable appetite for tax revenue. If this scenario doesn't play out then alternative fuels has a chance. I personally feel its a slim chance because of the power of oil and gas companies. You Don't Crap where You Eat.

In the next 2 years the oil futures market will tank just like the mortgage market. Gas prices will fall but stay high enough for profit in the oil industry.
 
yellowbronco

yellowbronco

Cuts Through Grease !!!
Location
Moab
my4thjeep said:
I disagree...

They might not have total control but they do have control. No new gas production plants have been built since 1976. The gas companies have been able to increase production enough to keep the price in check. The greenies have limited production by not allowing increases in supply via in ability to drill and inability to create new production. As the world's demand on oil has grown supply decreases increasing price. The oil/gas companies have enough resources financially and politically to increase supply but they choose not to because of the current profits. These companies are also double dipping by also investing in oil futures increasing the cost of oil.

We can blame this problem squarely on our government who hasn't allowed free market system to work because of regulations. (There are lots of other industries the government has screwed over like this Airlines being one) The free market system is the fastest most efficient method of finding new methods and technologies. Why do you think the greenies want $15 a gallon gas? It increases the likelyhood of the free market finding alternative energies. I don't think that will happen.

It won't happen because the government will intervine as the economy melts down. Suddenly we will see oil drilling in new areas and increases in gas production because of government meddling. As the economy falls so does tax revenue and government has an insatiable appetite for tax revenue. If this scenario doesn't play out then alternative fuels has a chance. I personally feel its a slim chance because of the power of oil and gas companies. You Don't Crap where You Eat.

In the next 2 years the oil futures market will tank just like the mortgage market. Gas prices will fall but stay high enough for profit in the oil industry.
Click to expand...

Very well said.
 
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