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      05-24-2008, 04:45 PM   #45
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If gasoline costs almost 10$/gallon a lot of people are going to have a lot bigger problems than not being able to have a BMW or fly on a plane.

Half the country will not be able to afford to heat their homes in the winter.
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      05-24-2008, 05:00 PM   #46
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$9.54/gallon in the Netherlands, with an unemployment rate of 4.1% and GDP of $38,600.

I imagine we'd survive, too.

I'd buy something like a Carrera GT or GL65 AMG if they were going for a song.
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      05-24-2008, 05:02 PM   #47
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i'd take public transport
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      05-24-2008, 05:30 PM   #48
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I hope we'd have a viable alternative 10 year from now. I'd buy one of those Tesla roadsters right now if there wasn't a 1-2 year waiting list. They're sweet
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      05-24-2008, 06:35 PM   #49
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At least the US dollar is strong
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      05-24-2008, 06:40 PM   #50
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Originally Posted by Riss Racing View Post
At least the US dollar is strong
Super-strong!!! Almost as strong as the Canadian...
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      05-24-2008, 06:41 PM   #51
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Super-strong!!! Almost as strong as the Canadian...
hahahaha at least they have free health care.
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      05-24-2008, 07:08 PM   #52
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world wont run out of oil at least for a long long while
hydrogen still is chiefly produced with oil. same for methane.
talk around the office is that brasil just discovered oil off their coasts - about 33 billion barrels worth. the biggest oil discovery in a while.
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      05-24-2008, 07:12 PM   #53
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america is the greediest by far! we deserve the highest gas prices.

http://www.nationmaster.com/graph/en...il-consumption

1st = america: 20 million barrels/day
2nd = china: 6 million barrels/day

and china has 5x as many people.
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      05-24-2008, 07:47 PM   #54
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Quote:
Originally Posted by attorneyscott View Post
The $135 barrel of oil that is sold today won't show up in your gas tank for MONTHS - why does the price of your gasoline go up TODAY then?
Your question actually answers itself. The price of gasoline today is going up because the price is based on the $100 barrel X months ago. The price increases X months ago were based on a $75 barrel from X months before that.

Historically, gas prices have gone up the week before Memorial Day in May and don't typically start to drop until after Labor Day in September. What torques me the most, though, is seeing the price at, say, $3.539 in the morning and three hours later it's up 10¢ a gallon without the station even receiving a delivery.
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      05-24-2008, 08:32 PM   #55
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I disagree: gasoline engines have a good ways to go before being "peaked out" in terms of efficiency.
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      05-24-2008, 08:41 PM   #56
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      05-24-2008, 08:43 PM   #57
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I'd definitely get one, if I could afford it.
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      05-24-2008, 08:45 PM   #58
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Quote:
Originally Posted by calleballe View Post
Worlds oil reserves have peaked some 15 yrs back. The energy needed to produce oil starts to outweigh the energy gained.
I'm with you on the need to be smarter about fuel use, but where do you get your facts from?
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      05-24-2008, 08:48 PM   #59
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Nuclear power + electric cars?
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      05-24-2008, 08:55 PM   #60
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too much money spent on nuclear waste disposal and plant disassembly once their life cycles are over.
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      05-24-2008, 08:56 PM   #61
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I think what a lot of people here do not understand is that if gas hits $10.00 a gallon anytime soon half of us on this forum will be out of a job anyway. Our Economy will totally collapse with that kind of pressure. It will not survive such a price increase. I believe the economy would make a larger downturn before gas went to $10.00 a gallon which in itself would result in a reduction in demand thus a reduction in price of gasoline. The oil producing countries can ill afford for the American economy to take a total nosedive because we are still their largest customer. I live in a very rural area where many people have to drive a considerable distance to work and shop. I have already seen a substantial drop in traffic on the roads from the gas prices. How do you think this is affecting retailers? The upward surge of gas prices cant continue to $10.00 without total devastation of our economy. I dont believe it will hit that price in the near future. I could be wrong though and our butts are toast.
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      05-24-2008, 09:00 PM   #62
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Just as a point of reference, most of Europe is currently sitting around $8 or so a gallon equivalent.
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      05-24-2008, 09:01 PM   #63
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Quote:
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too much money spent on nuclear waste disposal and plant disassembly once their life cycles are over.
Not with breeder reactors. Too much waste, that is. The final waste product has a half life measured in a couple hundred years instead of millennia. And there's less of it.

You'd still have the dissasembly problem though; heck, it might be worse with the breeder reactors.
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      05-24-2008, 09:03 PM   #64
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Just as a point of reference, most of Europe is currently sitting around $8 or so a gallon equivalent.
Yeah, but a lot of that is excessive taxes.
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      05-24-2008, 09:04 PM   #65
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Last year I paid $2800 for fuel @ about 5 bucks a gallon. So if it doubles up in cost, I'll have spent $5600 for fuel.

To me, that is really not the end of the world. That works out to $233 more per month.

I think that if things are that tight, maybe one shouldn't own an expensive car?
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      05-24-2008, 09:11 PM   #66
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2006 330i  [4.50]
Most expensive places to buy gas
Rank Country Price/gal
1. Eritrea $9.58
2. Norway $8.73
3. United Kingdom $8.38
4. Netherlands $8.37
5. Monaco $8.31
6. Iceland $8.28
7. Belgium $8.22
8. France $8.07
9. Germany $7.86
10. Portugal $7.84
108. United States $3.45

Where gasoline is cheapest
Rank Country Price/gal
1. Venezuela 12 cents
2. Iran 40 cents
3. Saudi Arabia 45 cents
4. Libya 50 cents
5. Swaziland 54 cents
6. Qatar 73 cents
7. Bahrain 81 cents
8. Egypt 89 cents
9. Kuwait 90 cents
10. Seychelles 98 cents
44. United States $3.45

Source: http://money.cnn.com/2008/05/01/news...ex.htm?cnn=yes

FWIW, at $10/gallon, I'll still be driving exactly the same as today. Hopefully, there will be fewer people on the roads at that price.
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