New gas price surges not out of question

http://www.dailysouthtown.com/southtown/dsnews/143nd3.htm

-- Cave Man (caves@are.us), July 14, 2000

Answers

More energy news

http://www.egroups.com/message/energyresources/1736?&start=1713

-- Cave Man (caves@are.us), July 14, 2000.

If you drive 20,000 miles a year, and you get 20 miles a gallon, you buy a 1000 gallons a year. If gas goes up by 20 cents, your annual gas bill goes up $200 a year.

That's two less meals a year for two at Morton,s or four less meals a year at Outback.

Not the end of the world, I submit.

-- (r@nd.h), July 14, 2000.

You left out your utility bills, but that is not my point. It is my contention that the reason oil prices are going up is that we are at or approaching peak production.

-- Cave Man (caves@are.us), July 14, 2000.

r@nd.h,

The problem with your scenario is that it is too simplistic. All of the food at your local grocery store was shipped there by truck. When gas(and diesel) goes up, the cost to transport groceries(and a myriad of other products) also goes up. So it becomes an extra $200 for gas, an extra $200 for groceries, an extra $200 for utilities, etc.

This still may not add up to a difference in your lifestyle, but to many Americans who are living paycheck to paycheck in debt to their necks, this could be very problematic.

-- J (Y2J@home.comm), July 14, 2000.

This still may not add up to a difference in your lifestyle, but to many Americans who are living paycheck to paycheck in debt to their necks, this could be very problematic.

TOUGH. Let them work overtime or get a part time job.

-- Anon (anon@anon.anon), July 14, 2000.

Sympathetic as usual, I see. You've got to stop being so understanding, or people are going to start thinking you're a pushover...

-- I'm Here, I'm There (I'm Everywhere@so.beware), July 14, 2000.

Anon (cpr),

Your compassion for others is almost beyond words.

Did you ever stop to think about how many of those Americans will be buying houses if they can't pay their bills? You do sell real estate, don't you?

-- J (Y2J@home.comm), July 14, 2000.

Good point Cave Man, Opec could probably increase production but would they spend money to sell their finite resource at a lower price? probably not. Even if the production increase was totally free the only reason OPEC would increase production would be to curtail competition in the form of new non-OPEC reserves. And I don't know that such significant new reserves are much of a possibilty.

IMHO,,,, but is it reasonable?

-- Will (righthere@home.now), July 14, 2000.

J.,

Your analysis is too simplistic. First, CPR doesn't care about anything but being right. Second, he sells COMMERCIAL real estate, so he doesn't care whether people can buy houses or not. I hope that helps.

-- ABC (a@b.c), July 14, 2000.

Price isn't yet high enough to keep the soccer moms out of their SUVs all day, nor the gangbangers out of their lowriders.

-- A (A@AisA.com), July 15, 2000.

Nor the Griswalds (National Lampoon Vacation movies) off the road, nor the unwashed masses out of the airports and off the airplanes.

-- A (A@AisA.com), July 15, 2000.

Americans consume more than they earn for the most part....at some point this should impact consumption but will it? I don't think so, until push comes to shove.

-- Will (righthere@home.now), July 15, 2000.