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Here's my bet.


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23 replies to this topic

#1 rjmoses

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Posted 28 August 2012 - 01:59 PM

I am thinking of starting a pool as to when gas will be over $5/gal on a regular basis. My personal pick would be 12-16 months from now (Jan 1, 2014).

Ralph

#2 Vol

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Posted 28 August 2012 - 08:27 PM

If the socialist muslim stays in the whitehouse you can bank on $5 gas.....he wants to bankrupt america in his second term.....and sooner rather than later.

Regards, Mike
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#3 JD3430

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Posted 28 August 2012 - 08:27 PM

Katrina part II is already getting us started in that direction. The Irish guy from Chicago will take care of the rest.......

#4 hayray

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Posted 28 August 2012 - 10:34 PM

I would say in about 4 years from now on a regular basis.

#5 urednecku

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Posted 28 August 2012 - 11:43 PM

Don't think it'll be very long now. It jumped over 22 cents or more in the last 24 hours here.

#6 mlappin

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Posted 29 August 2012 - 07:34 AM

If he had his way fuel here would cost as much as in Europe. Our last trip to England petrol was around the $8-$9 range a gallon once you converted pounds to dollars and liters to gallons.

$5 gas was bad enough, but could you imagine how fast the economy would go off the cliff if it was 4 bucks over the $5/gallon mark?

Edit: I should have said, what's left of the economy

#7 Gearclash

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Posted 29 August 2012 - 07:54 AM

I can't imagine what fuel at $5 will do to the economy. It seems like consumer push back starts at $4 already.

#8 Vol

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Posted 29 August 2012 - 08:24 AM

I can't imagine what fuel at $5 will do to the economy. It seems like consumer push back starts at $4 already.


I agree....seems like that is the threshold($4) when people start driving less and consuming less....big oil has this all mapped out by their psychologist studying buyer behaviour.

Regards, Mike

#9 urednecku

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Posted 29 August 2012 - 12:59 PM

Seems like they push it up 50 cents to get us pissed, then down 30 to make the sheeple feel good & not notice the 20 so much.
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#10 JD3430

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Posted 29 August 2012 - 07:25 PM

Yep, it never settles back to the price before it went up. Kinda like a tax, once it's put in place, it virtually never goes away.

#11 Gearclash

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Posted 30 August 2012 - 12:44 PM

Thinking about the topic of fuel prices reminds me of two things:

First, we complain about how much oil companys presumably are profiting, when I read once that our gov'mt makes more money per gallon in taxes than big oil does.

Second, we have short memories. In 2008 I pulled a tractor out of Manitoba, and distinctly remember paying around $4.68/gal for hiway diesel. I think that price was right at the US/CAN border.

#12 rjmoses

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Posted 30 August 2012 - 01:00 PM

In horse training, we use a technique called "approach and retreat". When a horse is reacting to something, approach it slightly, then retreat. Repeat, gradually approaching closer and closer each time and retreating partially, but not fully, whenever the horse gets alarmed.

It's amazing how much a horse can tolerate as it gets used to something.

I wonder if the oil companies and governments already know this technique?

Ralph

#13 mlappin

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Posted 30 August 2012 - 06:51 PM

Thinking about the topic of fuel prices reminds me of two things:

First, we complain about how much oil companys presumably are profiting, when I read once that our gov'mt makes more money per gallon in taxes than big oil does.

Second, we have short memories. In 2008 I pulled a tractor out of Manitoba, and distinctly remember paying around $4.68/gal for hiway diesel. I think that price was right at the US/CAN border.


I believe oil companies get about a 2% return on their investment but they make up for the low profit margin strictly on volume.

And yes, people have very short memories, that is why election day is roughly 6 months after your taxes are due. Have election day the 16th of April and I bet things would change rather quickly.
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#14 somedevildawg

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Posted 30 August 2012 - 09:02 PM

Never thought about that; I bet the gov. does make more off a gal than the oil companies, pretty much all profit for their part. That's an unbelievable amount of money, and down here they were trying to pass this statewide TSPLOST, wonder were the money went that's supposed to be used for roads and construction. Funny thing is, all of the supporters of TSPLOST were companies like Georgia power, abc asphalt, aa concrete, bellsouth, ricks road painting, etc. it didn't pass and only because get this, it was voted down they said because it was unfair to poorer people! I was like wth! I was telling everyone I knew to vote that bullshit tax down and the whole time Jessie, sharpton, and Chris Matthews musta been working in the same corner, lol. I'd never admit to it tho! Dumb luck, couldn't believe it didn't pass, a town down the road did ESPLOST for education, it passed, just throw education in there and people will vote thereselves a tax increase every time, amazing. BTW splost down here is a special local option sales tax (that never goes away) t for transportation, e for education, and who knows what alphabet they come up with next, can't wait to see. If Romney doesn't get elected, god forbid, gas will be 5 by end of year! and I will live in another country by January, can't stand anymore. (just kidding, although the thought crossed my mind about 4 years ago!)

#15 urednecku

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Posted 30 August 2012 - 09:14 PM

and I will live in another country by January, can't stand anymore. (just kidding, although the thought crossed my mind about 4 years ago!)


Mine, too.
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#16 FCF

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Posted 30 August 2012 - 10:19 PM

Never thought about that; I bet the gov. does make more off a gal than the oil companies, pretty much all profit for their part. That's an unbelievable amount of money, and down here they were trying to pass this statewide TSPLOST, wonder were the money went that's supposed to be used for roads and construction. Funny thing is, all of the supporters of TSPLOST were companies like Georgia power, abc asphalt, aa concrete, bellsouth, ricks road painting, etc. it didn't pass and only because get this, it was voted down they said because it was unfair to poorer people! I was like wth! I was telling everyone I knew to vote that bullshit tax down and the whole time Jessie, sharpton, and Chris Matthews musta been working in the same corner, lol. I'd never admit to it tho! Dumb luck, couldn't believe it didn't pass, a town down the road did ESPLOST for education, it passed, just throw education in there and people will vote thereselves a tax increase every time, amazing. BTW splost down here is a special local option sales tax (that never goes away) t for transportation, e for education, and who knows what alphabet they come up with next, can't wait to see. If Romney doesn't get elected, god forbid, gas will be 5 by end of year! and I will live in another country by January, can't stand anymore. (just kidding, although the thought crossed my mind about 4 years ago!)


It will be another country if Romney doesn't get elected!!!
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#17 rjmoses

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Posted 31 August 2012 - 05:40 AM

It will be another country if Romney doesn't get elected!!!


I already seceded. I published this in the Chicago Sun Times right after the Iraq war when we gave them $87 billion for reconstruction. I declared war on the US, surrendered and asked for my $87 billion. Still waiting.

It seems nobody takes me seriously. Maybe I should've asked for more?

Ralph
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#18 JD3430

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Posted 01 September 2012 - 07:29 PM

I just want my "bailout", like GM got. Mine would be small.....maybe a 1/2 mil would get me back on track???
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#19 deadmoose

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Posted 01 September 2012 - 09:31 PM

I believe oil companies get about a 2% return on their investment but they make up for the low profit margin strictly on volume.

And yes, people have very short memories, that is why election day is roughly 6 months after your taxes are due. Have election day the 16th of April and I bet things would change rather quickly.


Problem is half of the people do not pay taxes. Unfortunately this approach would not help the cause.

#20 mlappin

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Posted 01 September 2012 - 10:03 PM

Problem is half of the people do not pay taxes. Unfortunately this approach would not help the cause.


I think it might, out of the half that do pay taxes some have to be democrats and recent studies have shown that dems are far less generous with their money when it comes to charity's. If some of those could be swayed in some elections the moron vote could be nullified more often.
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