If You Are PLanning To Fill The Gas Tank....

[tRidiot]

Oh my... more government regulation of another private industry, dictating what it can and can't do.

(I know, not that they don't anyways, I'm jus'sayin')

ouch.

 

[TedKennedy]

Well, it seems there's no consensus yet. I'm still standing by my assertion that while oil prices are low, and hurting some, it's benefitting others. What exactly should the price of a barrel of oil cost? Perhaps we can tie it to a 15 dollar an hour minimum wage bill, and will all be wearing gold plated underwear.

 

[Hobbes]

Well, it seems there's no consensus yet. I'm still standing by my assertion that while oil prices are low, and hurting some, it's benefitting others. What exactly should the price of a barrel of oil cost? Perhaps we can tie it to a 15 dollar an hour minimum wage bill, and will all be wearing gold plated underwear.

When oil was $120 and gas was $4 it was hurting the economy because consumers were left without enough disposable income to consume items from the rest of the economic system.
Now $30 oil and $1.50 gas is hurting the economy we're told.
I guess it depends on which side of the pump you are on.

 

[TedKennedy]

Here's my prediction: a new "event" in the Middle East will require U.S. involvement, possible airstrikes, protect freedom, mom and apple pie. Oil prices skyrocket, rich get richer, young Americans die for "freedom", oil hands go back to work.

 

[zghorner]

How was the overall condition of our economy in the early 2000's when oil was ~$25/bbl? Just curious.

 

[WhiteyMacD]

People saving $50-$300 a month has far less impact on the economy than several tens of thousands of employees without work. Are you people really that fecking dense that you cannot understand simple economics?

 

[JD8]

When did OKShooters get overran with senseless, blow-hard morons...

Unfortunately, it's starting to become status quo..... nobody cares about anyone else until it happens to them.

 

[WhiteyMacD]

Unfortunately, it's starting to become status quo..... nobody cares about anyone else until it happens to them.

Speaking of... just kidding GMT. Good to see you.

 

[farmerbyron]

No just be aware that the price of energy affects EVERYTHING you touch during any given day. If the price is this low, you know the economy isn't doing well at all, I don't care what they tell you on CNBC. It could be argued that its a better indicator of the world's economy than the stock indices.

Was the boom of the 90s built on high energy prices or low energy prices?

 

[farmerbyron]

When oil was $120 and gas was $4 it was hurting the economy because consumers were left without enough disposable income to consume items from the rest of the economic system.
Now $30 oil and $1.50 gas is hurting the economy we're told.
I guess it depends on which side of the pump you are on.

I'm not good with math but it looks like we are getting screwed by $.50 right now according to those numbers.