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How will rationing be maintained? You already have people poking holes in gas tanks for what is still cheap gas. You might have people stealing, shooting, looting for others' ration coupons.
Gas in Europe is very expensive and you don't see a bunch of people stealing it, its not like Europe is crime free. But you don't see many SUVs in Europe either....
Anyhow, I would be surprised if Gas got much above $5 a gallon here. I think people forget there are actually alternatives fuels what will become viable once gas gets that expensive. Actually they are already viable, but the future outlook isn't clear enough to invest billions into infrastructure to do it.
Real deal is that at $15, rationing will not be needed.
Folks could not afford it, anyway. So no big deal for rationing.
The oil number people say we will mostly stop driving and be bid out of the market between $5 and $10 a gallon. Painful portion is that current farming methods start to lose profitability between $10 and $20 a gallon, even with higher grain prices. You can live without gas for your car. Food is little more critical.
Next project I am trying to put together is a fully electric farm.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,784,250 times
Reputation: 3587
Quote:
Originally Posted by jetway777
I Drive 100 to 200 Miles a day !!!
I'm SCREWED !!!'Squawk Box' Guest Warns of $12-15-a-Gallon Gas (http://www.businessandmedia.org/articles/2008/20080521145247.aspx - broken link)
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,784,250 times
Reputation: 3587
Quote:
Originally Posted by humboldtrat
Get use to it . It will be $5 by the end of the year. Like the last person said, hunker down. And try to move near your work or work near where you live. We ALL are going to be screwed. Think about what groceries will cost when trucks requiring $10/gal or more for diesel fuel to deliver food to the supermarket.
It will not be anywhere near $5 at the end of the year. Prices always go up with the summer driving season in full swing. After Labour Day, prices fall like a rock reaching lows by november. My predictions:
Gas today $3.74
Gas July 4th $4.02
Gas Labour Day $3.95
Gas Election Day $2.70
Gas in Europe is very expensive and you don't see a bunch of people stealing it, its not like Europe is crime free. But you don't see many SUVs in Europe either....
Anyhow, I would be surprised if Gas got much above $5 a gallon here. I think people forget there are actually alternatives fuels what will become viable once gas gets that expensive. Actually they are already viable, but the future outlook isn't clear enough to invest billions into infrastructure to do it.
You have to realise that oil prices are driven my specultion all over the world. University endowment ;retirement funds etc are speculating because it is a hedge now. But that a can be changed by laws becuase many can speculate with out paying actual money.The price is too high now. But alot depends on waht happens in the middle east and any bad news drives up prices.hen there is many other troubled areas. The problem is that their is just noit a surplus of oil produced and countries like china and india are jumpin g in pre cent of usage to drive their expending economies.We wil jsu have to wait ans se and hope the congress make better energy policies.I am sure they will as ressure grows to drill and to satrt a nuclear progrma for the future.
mho -- amusing but -- it is a pass-through, over-priced, novelty.
Battery-based rather than grid-based.
what does grid based mean?
Quote:
Originally Posted by texdav
You have to realise that oil prices are driven my specultion all over the world. University endowment ;retirement funds etc are speculating because it is a hedge now. But that a can be changed by laws becuase many can speculate with out paying actual money.The price is too high now. But alot depends on waht happens in the middle east and any bad news drives up prices.hen there is many other troubled areas. The problem is that their is just noit a surplus of oil produced and countries like china and india are jumpin g in pre cent of usage to drive their expending economies.We wil jsu have to wait ans se and hope the congress make better energy policies.I am sure they will as ressure grows to drill and to satrt a nuclear progrma for the future.
speculation is a small part of the equation. You also have increased demand and inability to produce more. Also the weaking of the dollar through increased money supply by our govt. ie inflation. How much of this is speculation and how much is inflation and how much is demand is up in the air.
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