eltejano1 wrote:
I obviously don't know your specific circumstances, and you may be a rare individual who rides a motorcycle and never goes anywhere but work - but I'll bet my Social Security check you could!
I wouldn't make that bet. :W
No, I do not ride a motorcycle to work. I have in the past, but it is to dangerous. Time lost from work would not make up the price difference in gas. ๐ I can't take the kids on a bike, and they need to be taken to school and day care. The car gets over 25mpg as it is, and that's hard to beat for highway mileage. ALL the other mileage together just doesn't amount to enough to make any real kind of difference. The biggest problem is that our employers want us at work. I guess they like to see our smiling faces. :W
TF36DSMatt wrote:
Does this chart look sustainable?
Matt,
I don't think that sustainability is the issue; I think that the question is in looking at the "trends." When it comes to a commodity like raw crude, there are a lot of additional factors that affect price of oil than there are that affect a corporate stocks like Google. For one, oil as a commodity follows a different set of rules, tax structures?; I don't know, maybe someone who's gone through that Series 6 thing (Broker Dealer License) will jump-in and explain how Fibonacci and Elliott's methods (5 wave swings) could accurate forecast the future price of raw crude.
My guess is that this chart is a display of an "upward correction;" then again, it's all just a bunch of hogwarsh, and even though it ain't true (I don't have any evidence to back such a claim) somebody is ripping us off..!:( How else can an upward correction be explained when supply can easily sustain current demand.
Regardless, it's time to break out the bumper-sticker from "the day:" Grass, Gas, or A*s no one rides for free! Time to start pickin' up riders to help pay for trips.
eltejano1 wrote:
This is so frustrating -- because there's absolutely no doubt that every American household could, admittedly with considerable inconvenience, cut their fuel consumption by 50% - more in many cases...I won't enumerate the myriad ways this can be done, but it CAN be done...
Just give us one. I'll bet that it is not cost effective, at todays gas prices, nor at double todays prices. I cannot cut mine by half without quitting my job. And that won't do any good what so ever...
Added:
We don't work in the same city, nor the same schedules. One of us drops the kids off at school and one picks them up. Without this day care would be unaffordable (we know, we did it differently in the past). We don't drive SUVs, and while my wife does drive a mini van, we can't afford to get rid of it for something that gets better mileage. My car already gets over 25mpg on the drive into work. Driving to work is what uses 90% of the gasoline we use. Unless our employers approve, there is no way to cut that back. If things get bad enough, maybe our employers will change their attitudes, but it hasn't happened yet.
wing_zealot wrote:
Speculation - lots of speculation but very little hard evidence. Prices are high because Big Oil companies are closing refineries to lower the supply and drive up demand Prices are high because...
I didn't claim that the closing of refineries was the reason. I only disputed your claim that the government and environmentalists were part of the cause by stopping refinery expansion and new construction.
Supply and Demand cannot be the cause of the current spike. The demand just hasn't spiked anywhere high enough in relation to the price spike, nor has the supply lessened to anywhere near the level of the price spike.
The price is manipulated. There is enough evidence to convince me of that. How much that has to do with it I can't say, and I'll likely never know.
