going up?.....gas prices, that is...

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O.J.
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Re: going up?.....gas prices, that is...

Postby O.J. » Fri May 20, 2011 10:03 am

No problem, I think The Rapture has us all a little discombobulated. I'm just glad I don't live in New Zealand.

Matt Logan
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Re: going up?.....gas prices, that is...

Postby Matt Logan » Tue Feb 28, 2012 10:24 am

http://thehill.com/blogs/blog-briefing- ... gas-prices

"We went into a recession in 2008 because of gasoline prices," Santorum said in Michigan according to Buzzfeed. "The bubble burst in housing because people couldn’t pay their mortgages because of $4 a gallon gasoline."

narcoleptish
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Re: going up?.....gas prices, that is...

Postby narcoleptish » Tue Feb 28, 2012 7:20 pm

Matt Logan wrote: "The bubble burst in housing because people couldn’t pay their mortgages because of $4 a gallon gasoline."
[/quote]

And he wants to be my latex salesman..

Matt Logan
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Re: going up?.....gas prices, that is...

Postby Matt Logan » Fri Aug 31, 2012 4:14 pm

And now here we are on Labor day weekend, with US production up by 2mil barrels a day (and increase which represents an unprecedented uptick in recent history), and prices are breaking $4/gal again. Clearly, "drill baby drill" doesn't work when refineries are forced to shut down even temporarily. The ability of a small disruption in supply to cause such a big pop in prices is not the result of a failure to drill or greed on the part of "Big Oil". It is the result of a built environment that leaves Americans no choice but to ignore price signals and continue driving when supplies are tightening.


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