Gear Jammer
Member
Posts: 3074
Yeah,,,,,It's a HEMI
Magnolia, Texas
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« on: February 12, 2012, 03:55:58 PM » |
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National news just said gas prices are predicted to go up by as much as 60 cents by the end of May.  Chicago will have the highest in the lower 48 at $4.95/gal. Cheap by other countries' standards, but this will be the most expensive gas prices in US history.  This makes budgeting for rides a bit more important now. |
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 "The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living. |
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Smokinjoe-VRCCDS#0005
Member
Posts: 13848
American by Birth, Southern by the Grace of God.
Beautiful east Tennessee ( GOD'S Country )
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« Reply #1 on: February 12, 2012, 04:15:39 PM » |
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National news just said gas prices are predicted to go up by as much as 60 cents by the end of May. Chicago will have the highest in the lower 48 at $4.95/gal. Cheap by other countries' standards, but this will be the most expensive gas prices in US history. This makes budgeting for rides a bit more important now. I was watching the same Bobby...What can we do   |
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« Last Edit: February 12, 2012, 04:26:25 PM by Smokinjoe-VRCCDS#0005 »
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 I've seen alot of people that thought they were cool , but then again Lord I've seen alot of fools. |
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biguglyman
Member
Posts: 579
"AN ARMED SOCIETY IS A POLITE SOCIETY"
Brockport, NY
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« Reply #3 on: February 12, 2012, 04:37:03 PM » |
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Rising gas prices began when W de-regulated the petroleum industry and the investment speculations in petroleum.
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YoungPUP
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« Reply #4 on: February 12, 2012, 04:41:02 PM » |
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By no means and economist, but would'nt it help if we kept our own oil here and told everyone else to go find their own?
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Yea though I ride through the valley of the Shadow of Death I shall fear no evil. For I ride the Baddest Mother F$#^er In that valley!
99 STD (Under construction)
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« Reply #5 on: February 12, 2012, 05:11:11 PM » |
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By no means and economist, but would'nt it help if we kept our own oil here and told everyone else to go find their own?
"Our" oil gets sold on the world market. Unless you are proposing the Gubmint controls the US oil industry? |
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Gear Jammer
Member
Posts: 3074
Yeah,,,,,It's a HEMI
Magnolia, Texas
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« Reply #6 on: February 12, 2012, 05:20:57 PM » |
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"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living. |
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T-Bird
Member
Posts: 2487
A friend is one who takes me for what I am.
Cleveland, Tennessee
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« Reply #7 on: February 12, 2012, 05:25:19 PM » |
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I would have thought Obama would try to lower the prices since it's an election year.  The good side of this if he doesn't do that he may not get re-elected  It will be worth the extra gas money if that will happen! (OH sh*t, I just posted something political......) |
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PAVALKER
Member
Posts: 4435
Retired Navy 22YOS, 2014 Valkyrie , VRCC# 27213
Pittsburgh, Pa
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« Reply #8 on: February 12, 2012, 05:36:55 PM » |
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I would have thought Obama would try to lower the prices since it's an election year. The good side of this if he doesn't do that he may not get re-elected It will be worth the extra gas money if that will happen! (OH sh*t, I just posted something political......) He is waiting for it to go up first.... then he will lower it to what is now and all will be the same.... and he will be seen as the hero. LOL. |
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John  |
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« Reply #9 on: February 12, 2012, 05:42:54 PM » |
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I would have thought Obama would try to lower the prices since it's an election year. The good side of this if he doesn't do that he may not get re-elected It will be worth the extra gas money if that will happen! (OH sh*t, I just posted something political......) He is waiting for it to go up first.... then he will lower it to what is now and all will be the same.... and he will be seen as the hero. LOL. I'm not an Obama fan but how will he "he will lower it to what is now "? |
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PAVALKER
Member
Posts: 4435
Retired Navy 22YOS, 2014 Valkyrie , VRCC# 27213
Pittsburgh, Pa
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« Reply #10 on: February 12, 2012, 05:50:57 PM » |
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I would have thought Obama would try to lower the prices since it's an election year. The good side of this if he doesn't do that he may not get re-elected It will be worth the extra gas money if that will happen! (OH sh*t, I just posted something political......) He is waiting for it to go up first.... then he will lower it to what is now and all will be the same.... and he will be seen as the hero. LOL. I'm not an Obama fan but how will he "he will lower it to what is now "? Technically ... he won't. But it has been a perception that oil/gas prices are manipulated during an election year by the incumbent to boost the chance of re-election. The liberals seemed to think that "W" did it when he was in office, so it's only fair that the conservatives have the same perception of "O". |
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John |
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RoadKill
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« Reply #11 on: February 12, 2012, 05:59:07 PM » |
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How the hell does the president of the united states control oil prices ? It is all supply and demand. Supply and demand works just fine if the government (not just the POTUS) stays the hell out of it and lets it work. Government regulation just makes other commodities increase to compensate, and then they never go down when regulation backfires.
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alph
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« Reply #12 on: February 12, 2012, 06:57:01 PM » |
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well, because of obammer not signing the keystone pipeline, all that oil from canada that was supose to come to america is now going to china. GREAT JOB 'O BAMMER!!
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Promote world peace, ban all religion. Ride Safe, Ride Often!!   |
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RoadKill
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« Reply #13 on: February 12, 2012, 07:04:03 PM » |
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well, because of obammer not signing the keystone pipeline, all that oil from canada that was supose to come to america is now going to china. GREAT JOB 'O BAMMER!!
Another example of government interference with supply...demand is our own damn fault |
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T-Bird
Member
Posts: 2487
A friend is one who takes me for what I am.
Cleveland, Tennessee
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« Reply #14 on: February 12, 2012, 07:08:16 PM » |
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How the hell does the president of the united states control oil prices ? It is all supply and demand. Supply and demand works just fine if the government (not just the POTUS) stays the hell out of it and lets it work. Government regulation just makes other commodities increase to compensate, and then they never go down when regulation backfires.
It was my failed attempt to be comical here....  The President could in fact lower the price of oil by opening up the reserves for U.S. consumption only. That would never happen and it probably wouldn't effect the price of crude oil. Other Countries like China, are developing so fast and are relying on more & more fuel, we will never see $2.50 a gallon again. |
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jrb
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« Reply #15 on: February 12, 2012, 07:19:15 PM » |
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The last time gas went this high people had to choose between gas for work or house payment, they chose gas = housing crisis = banking crisis = business shrinking = job losses = business defaults = bailouts = government spending = tax increases. Here we go again.
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Jim_Orr
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« Reply #16 on: February 12, 2012, 08:01:11 PM » |
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Rising gas prices began when W de-regulated the petroleum industry and the investment speculations in petroleum.
What do you mean by W deregulating, as far as I know the last deregulation of oil and gas was during the Carter and maybe Reagan years and that was about natural gas. The investment speculations you are probably thinking about was the whole Enron deal and that got started bigtime during the Clinton administration and it actually was during the W years that they investigated and prosecuted who they could. I might be wrong and if you can list the bill or bills that deregulated the oil and gas industry during the W years I will be the first to say I was wrong. |
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RoadKill
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« Reply #17 on: February 12, 2012, 08:03:35 PM » |
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The last time gas went this high people had to choose between gas for work or house payment, they chose gas = housing crisis = banking crisis = business shrinking = job losses = business defaults = bailouts = government spending = tax increases. Here we go again.
Because the spoiled assholes couldn't turn off the cable TV or give up unlimited text on their internet porn phone plan. My dad would ride to work with the neighbor and get rides home with friends and they would alternate vehicles to even out tires and maintenance on the cars. And the rest of America insists on driving the 14mpg SUV with video screens in all 6 heated seats while they blame the president because they can not afford new carpet to match the bed sheets!  |
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Chattanooga Mark
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« Reply #18 on: February 12, 2012, 08:36:56 PM » |
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Demand is what it is and will continue to go up all over the world for the forseeable future. Supply, or the lack of US/North Amercan supply, is the fault of EVERY federal government administration for the last 50+ years. This regime in particular seems to have a war on all US produced energy and it's costing the US dearly and will for years to come.
Mark
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...do justice, love kindness, walk humbly... The Bible: Read, Apply, Repeat 2012 Victory Cross Country Tour, in all its pearl white beauty www.bikersforchrist.org |
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alph
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« Reply #19 on: February 13, 2012, 03:35:30 AM » |
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here in Eau Claire, the oil cartell jacks the price up on the slightest incling of an increase, then NEVER lowers it unless the local news media does a story of price gouging. so, even though oil is selling for less then a $100 a barrel, our fuel cost is at $3.54 a gallon, but two months ago when fuel was at $104 per barrel, our price at the pump was $3.30. go figure......
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Promote world peace, ban all religion. Ride Safe, Ride Often!! |
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biguglyman
Member
Posts: 579
"AN ARMED SOCIETY IS A POLITE SOCIETY"
Brockport, NY
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« Reply #20 on: February 13, 2012, 04:39:07 AM » |
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I might be wrong and if you can list the bill or bills that deregulated the oil and gas industry during the W years I will be the first to say I was wrong. Check this. Oh, and I guess I shouldn't be blaming Bush. It was probably more Chaney. Bush was just the puppet. Energy Policy Act of 2005 |
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« Reply #21 on: February 13, 2012, 05:51:27 AM » |
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here in Eau Claire, the oil cartell jacks the price up on the slightest incling of an increase, then NEVER lowers it unless the local news media does a story of price gouging. so, even though oil is selling for less then a $100 a barrel, our fuel cost is at $3.54 a gallon, but two months ago when fuel was at $104 per barrel, our price at the pump was $3.30. go figure......
Same here. As the population spends most of its leisure time concerned about sports, entertainment, celebrity lives and reality TV they are blindly going to hell in a hand basket. Short attention span combined with ignorance is a deadly mixture. The most popular apps for "smart" phones are games which help to dumb down the masses who quite willingly make themsleves slaves to the lure of the glowing screen |
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« Last Edit: February 13, 2012, 05:53:26 AM by Britman »
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Highbinder
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« Reply #22 on: February 13, 2012, 05:55:26 AM » |
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You're forgetting oil is priced in dollars, as the value of the dollar goes up, oil goes down, when the dollar goes down, oil goes up...the more the Fed prints the less the dollar can buy, its happening with everything, not just oil. This all started back in 1913 and excelerated in 1971 when we went off the gold standard. When I was a teenager back in the 60's you could get a silver dollar for one paper dollar, today it takes over 33 paper dollars to buy one silver dollar..and gas was 27 cents a gallon today its what? 3 + So this thread should also include inflation.. |
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alph
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« Reply #23 on: February 13, 2012, 06:00:24 AM » |
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You're forgetting oil is priced in dollars, as the value of the dollar goes up, oil goes down, when the dollar goes down, oil goes up...the more the Fed prints the less the dollar can buy, its happening with everything, not just oil. This all started back in 1913 and excelerated in 1971 when we went off the gold standard. When I was a teenager back in the 60's you could get a silver dollar for one paper dollar, today it takes over 33 paper dollars to buy one silver dollar..and gas was 27 cents a gallon today its what? 3 + So this thread should also include inflation.. you are EXACTLY right on that one!! by the way, how many silver dollars do you wish you would have saved?! my uncle use to give us silver dollars when ever we visited, i loved those big honking IKE's!! just think, had a person just saved as much silver dollars as a retirement instead of buying "stocks-n-bonds" they'd have well over 33% more then the average guy...... (that's just a speculation and my opinion....) |
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Promote world peace, ban all religion. Ride Safe, Ride Often!! |
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Highbinder
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« Reply #24 on: February 13, 2012, 06:18:27 AM » |
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Hate to tell you this, but the Ike dollar doesn't have any silver in it.. The Eisenhower dollar was struck with a copper-nickel composition for circulation and was the first United States dollar coin to not be struck in a precious metal. While the circulated copper-nickel coins contained no silver, they were often incorrectly referred to as "silver dollars" by the general public. The only Eisenhower dollars to actually contain silver came from special collectors' issues struck at the San Francisco Mint in a silver-copper composition, the same as the 1965-70 Kennedy half dollar. |
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custom1
Member
Posts: 333
01 Interstate
SW Pa
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« Reply #25 on: February 13, 2012, 06:45:41 AM » |
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You're forgetting oil is priced in dollars, as the value of the dollar goes up, oil goes down, when the dollar goes down, oil goes up...the more the Fed prints the less the dollar can buy, its happening with everything, not just oil. This all started back in 1913 and excelerated in 1971 when we went off the gold standard. When I was a teenager back in the 60's you could get a silver dollar for one paper dollar, today it takes over 33 paper dollars to buy one silver dollar..and gas was 27 cents a gallon today its what? 3 + So this thread should also include inflation.. + 1000 <<<<<Adjusted for inflation  Now if we could get everyone to understand this............ |
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John
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czuch
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« Reply #26 on: February 13, 2012, 08:49:09 AM » |
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Look at the candidates associations. Who you hang with defines you.
Vote, not R/D but America, 20 years out.
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Aot of guys with burn marks,gnarly scars and funny twitches ask why I spend so much on safety gear
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highcountry
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« Reply #27 on: February 13, 2012, 08:35:09 PM » |
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By no means and economist, but would'nt it help if we kept our own oil here and told everyone else to go find their own?
Not a prayer that would have ever happened. The lobbyists own Congress. Speculators in oil futures are killing the world economies. |
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