Get Ready

[GenX]

Get ready to pay $8/gallon for gas

"The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and soar to 225 dollars a barrel by 2012 as supply becomes increasingly tight, a Canadian bank said Thursday."

LINK

[J*B]

Whatever, I'll quit driving! ..yet another good reason to move to town.

[A*lil*Loopy]

Time to start riding the horse to work. Hay is only $3/bale, oats $8/bag, sore arse from riding 8 miles twice a day = better than paying for gas.

[GenX]

Gas will never go down until we stop buying it at the levels we currently do.

It's the law of the market, and right now the market is telling the oil industry we are willing to pay whatever it costs to drive our vehicles.

It's our own fault.

[The Berean]

Capitalism at work.

[starterwiz]

In Quebec it's now legal to turn right on a red light...now half the province drives around the block, around the block, around the block.....

[Simba]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Gas will never go down until we stop buying it at the levels we currently do.

It's the law of the market, and right now the market is telling the oil industry we are willing to pay whatever it costs to drive our vehicles.

It's our own fault. </div></div>

sad...but painfully true.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ConKat</div><div class="ubbcode-body">Capitalism at work. </div></div>

Yeah, let's go communist. It worked so well for the Russians.

[Madmax]

$8.00 a gallon thats nothing i can't handle.

[jaydee]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Get ready to pay $8/gallon for gas

"The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and soar to 225 dollars a barrel by 2012 as supply becomes increasingly tight, a Canadian bank said Thursday."

LINK </div></div>

supply is tight?? what about alberta oil fields or alaskan oil reserves????? really i think they just want to keep people inside from doing things so they can go out

[Verotik]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Get ready to pay $8/gallon for gas

"The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and soar to 225 dollars a barrel by 2012 as supply becomes increasingly tight, a Canadian bank said Thursday."

LINK </div></div>


by 2010? what about by AUG?

[Verotik]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: moooochi</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Get ready to pay $8/gallon for gas

"The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and soar to 225 dollars a barrel by 2012 as supply becomes increasingly tight, a Canadian bank said Thursday."

LINK </div></div>

supply is tight?? what about alberta oil fields or alaskan oil reserves????? really i think they just want to keep people inside from doing things so they can go out </div></div>

people driving up the prices are speculators

Stupak Introduces Oil Futures Trading Bill

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WASHINGTON –Congressman Bart Stupak (D- MI) announced that he led 20 Democratic colleagues in introducing H.R. 5248, the Prevent Unfair Manipulation of Prices (PUMP) Act. The bill is aimed at better regulating the oil futures market.

“It has been widely reported that fear and greed in the oil futures market are driving crude oil prices to record levels,” Stupak said. “This snowball effect occurs because so many futures trades are completely unregulated and unmonitored.”

There are two types of oil futures speculation. Market trading takes place through the New York Mercantile Exchange and is overseen through the Commodity Futures Trading Commission (CFTC). However, most oil futures speculation occurs “over-the-counter.” This speculation is conducted off of the market, without any regulation or oversight by the CFTC.

The 20 other Democrats cosponsoring Stupak’s bill include Representatives John Dingell (MI), John Larson (CT), Jerrold Nadler (NY), Carolyn McCarthy (NY), Maurice Hinchey (NY), Brian Baird (WA), Grace Napolitano (CA), Ben Chandler (KY), Allyson Schwartz (PA) , John Tierny (MA), Jay Inslee (WA), Cynthia McKinney (GA), Thomas Allen (ME), Al Green (TX), Peter DeFazio (OR), Lois Capps (CA), Bill Pascrell Jr. (NJ) and Lloyd Doggett (TX).

“Because these over-the-counter trades are unregulated, the exact volume of trading is unknown,” Stupak noted. “It is almost impossible to determine the true impact speculators have on oil and gas prices.”

Stupak’s bill would require over-the-counter speculators to report to the Commodity Futures Trading Commission, just as on-market traders already do. This increased oversight would improve confidence in the market and help eliminate the unreasonable inflation of crude oil prices. The legislation would also increase penalties for speculators found to be unfairly manipulating the oil futures market.

“Some economists attribute as much as $20 in the price of a barrel of oil to futures speculation,” Stupak said. “This bill is designed to bring crude oil prices in line with market realities, not speculation and fear. We could reduce the cost of a barrel by as much as $20, lower the price by 30%, if Congress would enact our legislation.”

[jaydee]

they wanna disable you from using youre car so you cant go out and enjoy yourselves, i mean it might be good for the environment but how can they cripple us by raising gas prices???

[§ienna]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: moooochi</div><div class="ubbcode-body">they wanna disable you from using youre car so you cant go out and enjoy yourselves, i mean it might be good for the environment but how can they cripple us by raising gas prices??? </div></div>

You don't need a vehicle to enjoy yourself! [img]/ubbthreads/images/%%GRAEMLIN_URL%%/wink.gif[/img]

[jaydee]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sienna</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: moooochi</div><div class="ubbcode-body">they wanna disable you from using youre car so you cant go out and enjoy yourselves, i mean it might be good for the environment but how can they cripple us by raising gas prices??? </div></div>

You don't need a vehicle to enjoy yourself! [img]/ubbthreads/images/%%GRAEMLIN_URL%%/wink.gif[/img] </div></div>

well i mean to get to places easily!

[§ienna]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: moooochi</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sienna</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: moooochi</div><div class="ubbcode-body">they wanna disable you from using youre car so you cant go out and enjoy yourselves, i mean it might be good for the environment but how can they cripple us by raising gas prices??? </div></div>

You don't need a vehicle to enjoy yourself! [img]/ubbthreads/images/%%GRAEMLIN_URL%%/wink.gif[/img] </div></div>

well i mean to get to places easily! </div></div>
k [img]/ubbthreads/images/%%GRAEMLIN_URL%%/grin.gif[/img]

[jaydee]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: JB</div><div class="ubbcode-body">Whatever, I'll quit driving! ..yet another good reason to move to town. </div></div>

think so, its better there more solitude, peace

[Light_Keeper]

All we need to do is put the unemployed to work in <u>our own </u>oil fields, and quite relying on imported gasoline. Canada has enough of it's natural sources for gas, but we the people allow the government to export it and import from other countries.
I will pay the price of gas as, I know it is a privilege to be able to afford to own a car and keep it in safe operational condition.
So many others, cannot afford a vehicle and, I am blessed with having one. So, I decided to write letters to my government and hope they soon get the idea to make Canadian's needs for fair fuel prices a priority over international export and import trade.

[jaydee]

good job but i still think people should all rebel not go to work and stop going to the gas pumps!! until they are lowered there will be rebellion everywehre

[Babzz]

"peak oil"