$10 gas

by JimmyPage 14 Replies latest jw experiences

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  Dorktacular

  The government can do little to nothing to reduce the price of oil, because the price of oil is determined by a middle-eastern terrorist organization by the name of OPEC. But the government can reduce the price of gasoline. They can eliminate federal gasoline taxes. That would take about 50 cents off of each gallon.

  Oh, they can also let the oil companies drill for oil in the US, both on land and offshore, but that isn't an immedate fix because it will take time to drill for that oil. But that would kick OPEC in the balls. Maybe they'd play nice again if we told them that they can keep all their oil because we've got plenty of our own. Or, maybe they'd just sell it all to China. Either way, the price of oil isn't going to go down unless China and India decides that they don't need any more of it!
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  iceguy

  I heard last week that a barrel of oil may cost between 500-600 dollars by 2012 which would drive the price for a gallon of gas in the US to $12.00-$15.00
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  sacolton

  Perhaps the Mayan calendar is right.
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  LovesDubs

  Its already at or close to that in Europe.
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  mavie

  "The government can do little to nothing to reduce the price of oil, because the price of oil is determined by a middle-eastern terrorist organization by the name of OPEC."
  
  Seriously?
  
  "But the government can reduce the price of gasoline. They can eliminate federal gasoline taxes. That would take about 50 cents off of each gallon."
  
  WTF? You are worried about two quarters per gallon when the price could rise to 5, 8, 10 per gallon? Instead of focusing on such a short term solution why not examine the price of gas in its larger context? China, India, and the rest of the developing world are increasingly looking for oil to drive their economy. Oil production has probably peaked and will started declining.
  
  Subsidizing our addiction to oil is INSANE. Instead, the high price of gasoline will spur innovation. Suddenly, that hybrid car doesn't look so bad...and hey, why can they make the thing run on solar power? We need high gas prices to sober up from our addiction to oil.