We have a very small window to spend some serious ducats on finding alternative energy sources. But we'll probably just piss it away and jerk off on our energy bills.

What? I thought gas was going to be free and cheap forever. It's not like it is a finite resource or anything.

Obvious tag out for a Sunday drive?

Yes, gas prices will go up. But they won't be $4 again anytime soon.

They shouldn't have even been $4 when they were $4. The price crashed because of the economy, but it crashed as fast as it did because, just like the housing market and stock market, it was artificially inflated by speculation.

Gas will only surge back to where it was if there's a shortage -- even OPEC artificially cutting supply to drive up the price won't bring back $4 gas, because they can only cut supply so much before it becomes counterproductive for them. ~$3 is probably where it will be in a few years.

We went from $3.99 to $1.65 here in NJ in the spam of two months.

Gas will go back up, but hopefully they won't go back up to the $3 range or beyond.

I have a pair of 275 gallon tanks that I'm just itching to refill. I'm holding out for $1.49 a gallon.

Instead, the bubble popped because the global economy started spiraling into recession, and recessions lower the amount of oil that countries consume.

Um, NOOOOOOO. The bubble wasn't brought on because of supply issues. It was brought on by speculation and PERCEIVED shortages. Once the bubble popped, the price rapidly dropped back to a more realistic level. I doubt the world cut it's usage of oil enough to justify a %50+ drop in price.

JoJoTheIdiotMonkeyBoy: We have a very small window to spend some serious ducats on finding alternative energy sources. But we'll probably just piss it away and jerk off on our energy bills.

I remember being taught all about fossil fuels back when I was in elementary school (~20 years ago). I also remember thinking "Wait a minute, this is a nonrenewable resource. What happens when we run out of it?"

AntiNorm: JoJoTheIdiotMonkeyBoy: We have a very small window to spend some serious ducats on finding alternative energy sources. But we'll probably just piss it away and jerk off on our energy bills.

I remember being taught all about fossil fuels back when I was in elementary school (~20 years ago). I also remember thinking "Wait a minute, this is a nonrenewable resource. What happens when we run out of it?"

Jimmy Carter, Ronald Reagan, and America's unwillingness to realize the problem.

Link (new window)

We knew we had a problem in the 70's. We knew the solutions would be expensive. We knew that it would require us to change our lifestyles. That was too difficult.

You better hurry up and buy that big ass SUV!

These 'experts' wouldn't be taking checks from oil companies to create false panic would they? Say to get people to buy more gas and drive the price back up?

Who's worse, the oil industry or the headline starved media?

Now is the time to hop on the "gas bank" wagon.

overwhelms tag. if you think it was now safe to go out and buy that Hummer.

I'm drinking a tall, cool glass right now. Add a lime and mist with the tears that my sister-in-law sheds when she fills up her Canyonero and you've got one hell of a beverage.

Pvt. Party: These 'experts' wouldn't be taking checks from oil companies to create false panic would they? Say to get people to buy more gas and drive the price back up?

Who's worse, the oil industry or the headline starved media?

Oil is running out. Whether it runs out next year or in 50 doesn't mean we shouldn't plan for it.

Oh come on, seriously? Costs of a finite resource will increase? I know bullshiat when I see it.

Gas will go down to $1.50 is will stay around that price for almost a year. Gas will not go up this spring/summer. Mark my words and write it down. I am not your average corporate American.

sloppy shoes: AntiNorm: JoJoTheIdiotMonkeyBoy: We have a very small window to spend some serious ducats on finding alternative energy sources. But we'll probably just piss it away and jerk off on our energy bills.

I remember being taught all about fossil fuels back when I was in elementary school (~20 years ago). I also remember thinking "Wait a minute, this is a nonrenewable resource. What happens when we run out of it?"

Jimmy Carter, Ronald Reagan, and America's unwillingness to realize the problem.

Link (new window)

We knew we had a problem in the 70's. We knew the solutions would be expensive. We knew that it would require us to change our lifestyles. That was too difficult.

I think Jimmy Carter did realize the importance of the problem, but he was, unfortunately, naive or at least ineffective in how he went about trying to convince the American people that something needed to be done. And once Reagan came into office, any notion that the U.S. had any serious problems facing it was quickly dismissed, since that would have clashed with the Reagan administration's promotion of the U.S. as the world's perfect country.

Is the obvious tag broken?

sloppy shoes: Oil is running out

No it's not. The Saudis alone can pump over 20 million barrels per day.

They said so, so it must be true.

by "enjoy it while it lasts" do you mean lease as many swimming pools as i can and fill them with light sweet crude?

Here in Buffalo, NY gas is still 2.49 a gallon.

How cheap could end quite sooner than expected...

NeverDrunk23: We went from $3.99 to $1.65 here in NJ in the spam of two months.

Gas will go back up, but hopefully they won't go back up to the $3 range or beyond.

CHEAP GAS APPLY DIRECTLY TO YOUR FOREHEAD

These the same experts who said it would be $5 a gallon this Christmas?

JoJoTheIdiotMonkeyBoy: But we'll probably just piss it away and jerk off on our energy bills.

PROBABLY?

Hot idea about the energy bills, though. Mmmmmm... I'll get the party started. (NSFW!)

In fact, like any bubble bursting there is always people saying the bubble will be back, and it never comes back.

Gas prices will stay low for a while, and perhaps in 5 years go up, but now that people know how badly the bigoil can screw us, they wont buy SUVs and gas guzzlers. We live in the internet age and people wont get fooled again into buying a SUV gas guzzler in the near future.

I know ill get a hybrid as my next car.
I know you will not get a SUV next.

The only way for us to make sure the high prices doesnt come back, is to give a very clear message to the bigoil and auto compagnies: NO MORE GAZ GUZZLER, WE ARE TIRED OF GETTING ROBBED.

In fact this message being heard is the only reason why the price is so low nowadays.

Funk Brothers: How cheap could end quite sooner than expected...

That was very entertaining. Feed it to the babies! Wear it as a cologne! Put as a topping on soured cream! IT'S THE MAGICAL RENEWABLE GAS-O-LINE!

biofuel from hemp

problem solved

Just bought a new Expedition dirt cheap. Gas ain't flying high for at least another year. China is imposing gas taxes on their populace. Western bank investment capital has dried up so they can't keep the price propped either. Demand is down around the world.

What is the obama energy policy?

whatshisname: These the same experts who said it would be $5 a gallon this Christmas?

Is gas not $200 a barrel now?

Still got room in the hatch to jerk off and carry kegs O beer.
20 bucks takes me 500 miles. (Model in picture is 1000 miles on 20).
Suck it Exxon

sloppy shoes: That was too difficult.

Don't worry, we'll change our habits eventually. :)

AntiNorm:

I remember being taught all about fossil fuels back when I was in elementary school (~20 years ago). I also remember thinking "Wait a minute, this is a nonrenewable resource. What happens when we run out of it?"

So did you ask your teacher about that? What was the answer? I'm kinda curious to know myself.

Thanks, Mr. Romero!

/subby is shocked?

OR don't enjoy the cheap gas and help it stay cheap...

texastag: What is the obama energy policy?

Link (CHANGES window)
Agenda items are back on the site

/ "Transition team?" Are you guys TRYING to be Jimmy Carter 2?
//I understand the point, but that's some poor wording choice

Oh it will last, I am going to stockpile SUF's, I mean SUV's, I will drive three of them, At the same time!

texastag: What is the obama energy policy?

Laxed regulation just like Clinton to spur growth. Change that will affect you.

Ever notice it was when the Almighty Obama got elected the price of gas went down?

ALL HAIL OUR NEW GLORIOUS LEADER !!!!

HE doesn't even need to do anything but wave his hand, and gas prices went down!!!!

I'm sure "robust depression" is a legitimate economic turn, but wow ... I don't like the sounds of it.

Most of these so-called experts didn't predict oil to go over $100 a barrel, nor did they predict it to drop below $80. I've only seen one expert (can't remember who) get in right in saying that the market has proven it will significantly overshoot everyone's predictions. Prices were artificially high because of self-serving panic and it was assumed we'd continue to pay whatever price it was. However, the oil producers got a very big cock punch in the form of the financial industry meltdown, and they now know they aren't the biggest dog on the block any more.

Well with that comment the rule of supply and demand comes in to play

I am enjoying it now. Too bad my car doesn't use much of it.

Larry Mahnken: ...even OPEC artificially cutting supply to drive up the price...


Is it just me or is this a complete bullshiat statement. Wouldn't it make sense for OPEC to cut production? What's the point of producing a ton of oil when sales are so damn low? It would seem like a massive waste of money too me.

Time to steal my paranoid father's Y2K gas reserve tanks and stock up.

Psh whatever. I don't put my tinfoil hat on often, but As soon as the auto companies recover (or reconfigure) we'll see the prices jump back up. However, like others have said, it won't go back to 4 bucks because we've proven that we won't (or can't) stand for it.

whatshisname: These the same experts who said it would be $5 a gallon this Christmas?

Yep. Makes you wonder what it takes to become an "expert" these days.

2wheeljunkie: Obvious tag out for a Sunday drive?

This. I came here to say that. Are idiots buying SUVs again thinking these prices will last?