Gas could fall to $2 a Gallon in 30 days

[Nucklesack]

Originally Posted by bcp

Tomorrow is going to be rough.
Im heading out through Yellowstone East exit, through Cody Wyoming, then on to Sheridan. From what I am told by others that have done it, dont expect to do much more than 35 mph on most of the uphills, I understand there is more than one 9% grade that goes on for miles and miles.


after that, its all down hill.

Some of those grades have to be mismarked, I've been through that section and i swear the 9% grade changed to 10 or 11 without warning.

its beautiful country though

[CableChick (Premo)]

The Oil Follies - William L. Anderson - Mises Institute

[itsbob (Premo)]

Originally Posted by Caddyman

Official Chrysler site - Refuel America - $2.99 Gas Guarantee

Here's all the info you need on the Chrysler refuel america program, which IMO is a genius marketing program....

it's only marketing genius if people actually buy the product. I haven't heard of any run on the Chrysler lots.

[Caddyman]

Originally Posted by itsbob

it's only marketing genius if people actually buy the product. I haven't heard of any run on the Chrysler lots.

I agree, what do you mean "i haven't heard of any run"?

I'm just saying, it's costing them next to nothing even if gas hits $5 (God forbid) and I think it's a pretty good incentive.

Originally Posted by Larry Gude

...of arguments based on time; "Why, it would be a decade before we'd even get a drop of oil out of ANWR! So, why bother?"

Bill Clinton 1996



One of the responsibilities of the government is to promote the general welfare. I read that to be constitutional actions, laws, that are aimed at a sense of fair opportunity and consistency and stability for the American people to build their lives around.

It's one thing for people to get rich and then have bursting bubbles in the stock market, true speculation that so and so's widget is going to be really big or no. It is another to have speculation going on, that same sort of high stakes, last one gets caught holding the bag type of action in the fundamental building blocks of our lives; housing, food and energy.

I already gave you and 2a credit, some time ago, for being right about the speculation in energy and that it was improper. It's time to make it unattractive. Increasing the margins and capital gain taxes for those that are not hedging on their own needs sounds good to me. The sooner, the better.

I agree that the time to do it is now, and we'll at least see some benefit in a few months. And I don't want to hear Congress saying we need to investigate first. That was already done in 2006 when the US Senate Permanent Subcommittee on Investigations reported on “The Role of Market Speculation in rising oil and gas prices,” that “…there is substantial evidence supporting the conclusion that the large amount of speculation in the current market has significantly increased prices.” Few paid any attention to that report back then, but it does exist.

The biggest problem for us is that since a change in the rules back in 2006, US oil futures can be traded on foreign markets (mostly London's), as Intercontinental Exchange (ICE) transactions, and none of these is regulated by the US government. I heard on one of the financial shows this weekend that oil futures trading on the London markets went from about $13 million dollars in 1995 to over $231 million today. There's a good write-up about ICE here ‘Perhaps 60% of today’s oil price is pure speculation’

Originally Posted by CableChick

The Oil Follies - William L. Anderson - Mises Institute

This guy is just another defender of the cause. I agree that putting windfall taxes in oil companies will do nothing, but he's either blindly ignorant or willfully ignorant as to speculation on foreign markets. Since 1996, most US oil futures are now sold on the London market where they are exempt from any US oversight or regulation.

[Larry Gude (Premo)]

Originally Posted by Bruzilla

I

The biggest problem for us is

...the BILLIONS in futures value that will be wiped out if we tax and regulate speculation out of oil. The largest holder of oil in all of New England is, if memory serves, Lehman Brothers. Imagine the political power behind that? How many congresspeople own oil? How many of their more powerful constituents? Whose gonna lift a finger to wipe out that much asset in a fragile economy?

At 20 million barrels a day at $130, that's something like $80 billion a month in contracts coming to market. Nearly a trillion dollars in a year, give or take. That's 1/12 of GDP, or roughly, 8%. Knock 1/3 to half of that out and that instantly puts us in a technical recession as it would wipe out growth for the year.

Of course, the counter argument is that you and I will put it back in anyway buying food, cars, paying out mortgage.

[bcp (Premo)]

Originally Posted by Nucklesack

Some of those grades have to be mismarked, I've been through that section and i swear the 9% grade changed to 10 or 11 without warning.

its beautiful country though

Just got to the campground after pulling that run.
you do seem to be correct.
from Yellowstone to Cody it was a gentle rise at 7%, some hill, some flat some down.
from Cody to Graybull? it was basically flat with the occassional 4%.
From Graybull to Sheridon? JFC!!!!!! The first hill was (no bs here) 14+ miles of 7% ~12% with no flat, and no down. Medicine Wheel was closed due to snow on the road!
then, the down hill was a steady 8% for 11 miles of steady winding around the mountain hairpin turns type of drive.
That uphill was the first time I have ever heard the axillary fans kick on for the engine.
that being said, it had to be one of the most beautiful runs Ive made in some time.
oh, and my final average on MPGs for the run today? 11.6. Not too bad considering I did it with 11800lbs stuck to the back of the truck.

[chernmax]

Originally Posted by jazz lady

I've got a bridge in Brooklyn I can sell you.

Do you mind if I speculate what price it should be sold for???

[Larry Gude (Premo)]

Originally Posted by bcp

Just got to the campground after pulling that run.
you do seem to be correct.
from Yellowstone to Cody it was a gentle rise at 7%, some hill, some flat some down.
from Cody to Graybull? it was basically flat with the occassional 4%.
From Graybull to Sheridon? JFC!!!!!! The first hill was (no bs here) 14+ miles of 7% ~12% with no flat, and no down. Medicine Wheel was closed due to snow on the road!
then, the down hill was a steady 8% for 11 miles of steady winding around the mountain hairpin turns type of drive.
That uphill was the first time I have ever heard the axillary fans kick on for the engine.
that being said, it had to be one of the most beautiful runs Ive made in some time.
oh, and my final average on MPGs for the run today? 11.6. Not too bad considering I did it with 11800lbs stuck to the back of the truck.

...stuff there! Interesting...


Thank you