Dec 23
Affordable once more?
Aleron Trading Corp, a brokerage, forecast that gas would average $1 dollar/gallon in 2009:
Alaron energy analyst Phil Flynn told a conference in Chicago he expected crude oil prices to range between $25 and $50 per barrel in 2009, with the short-term target being $35.
I paid a $1.39 over the weekend… so fingers crossed we can get there.
December 23rd, 2008 at 3:51 pm
So, your view is that $1.39 is good? It is a recipe for more struggles, including war, over control and influence in the oil-bearing Middle East. At least one regular contributor to this forum thinks the US should go “take” the oil so we can have $1.39 gasoline. The bad news is that you can have $1.39 gas and economic disaster or you can have $4-8 gas and economic prosperity.
December 23rd, 2008 at 4:01 pm
You setup a very bizarre binary condition and posit that $8 dollar gas would give us peace and prosperity. You don’t say why or how. We should just believe that.
I suppose next you will say that if the actual price of gas is $1.39 we should tax it up to $8 – thus ensuring peace and prosperity.
I’d like the price of gas to reflect the market for gas. I’m happy it is cheap now, since I have to drive large distances where I live. I see no tie to cheap gas and economic disaster – the opposite seems more true. Nor do I see cheap gas tied to war. War is tied to Jimmy Carter & Bill Clinton, your guys, more than anything. How? Giving into terrorists through decades. No we pay the piper. Economic malaise – same two plus Republican help – giving away free money.
December 23rd, 2008 at 7:34 pm
The $8 a gallon guy likes to buzz around DC in a subsidized subway system- no need for much gas when you can do that.
I think there is more chance of war over oil when there is less, and it costs a lot. I think we should be getting all Iraq’s oil until we get back what we have put in over there. And we should be taking Mexico’s oil, as long as they keep exporting their citizens.