May

19

I noted the steady rise in gas prices in my area (+20 cents) when I fueled up this morning. I'm wondering if there is a formula out there that shows the effect of (stimulus) to (oil speculators) = (higher pump prices) and the effect on the (market)? Is the steady rise in petrol devised by the government to force the implementation of their more fuel efficient vehicles plan? $3.00 a gallon regular will be great this summer to force many to stay home and further drag down the travel industry, etc. Likely this will be a good summer to spiff up the gas grill and do some serious bar-b-q in one's back yard.

At what oil price per barrel will Mr. Pickens make his return to TV?

James Lackey writes:

If it wasn't for oil speculators you'd be driving a hybrid and paying 15-20% more for you car for the past decade. Oh wait… that's the new mandate. Don't worry, with all the govie rules we will let the Chinese have all the cheap coal and cheaper than hybrid deep sea oils.

Wait, there is more! If you have four friends, you're taking two cars. The hybrid to make 36MPG fleet wide average will never seat five comfortably at 3250 pounds. Or you'll pay a huge premium for the few big cars and small trucks that will be built. It's quite an average and all the car guys are behind it since they can produce an average fleet at gasp… a profit… just wait until the car industry is profitable, OM goodness cars will cost a fortune. Good luck getting parts for old models.


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