Cheaper gasoline is bad?
 

I just heard one of the "analysts" on the vulpine network say that gasoline is at a low point in several years and that is not a good thing. He stated that lower gas prices will interfere with more exploration, drilling, fracking, oil shale and sand discoveries, jobs will be lost with a chain effect, and that the saving of $1500 per family in gas prices will in turn make for a major downturn in the economy. Amazing how some people see things!

HA! High gas prices are one of the most unfair "taxes" of all. The working poor, who often cannot afford the newer, fuel efficient cars, have to pay out the nose just to get to work or take their kids places. I can afford the higher prices, but even so I give a lot more thought to getting into the car and going somewhere when prices are near $4 a gallon.

mobil exxon makes billons and billons every year plus all the tax breaks,ya I feel sorry for the ceo.................not

what they probably meant was that the Saudis are still producing oil at high levels even though the prices have come way down in hopes that with the prices per barrel being low it is not cost effective for the deep drilling in the shale and fracking.....then when that stops the Saudis will AGAIN be in charge, it's a never ending cycle

Big $$$$
 

That sounds like a lot of money, but do you know what the percent of return on their investment is? What would you do if they closed up & invested their money elsewhere for a better return? If you think they make a lot of money, buy their stock.

Another example of political doublespeak. What's good for General Bullmoose is good for the USA?

It will cost less for me to drive down to TV this year.
:pepper2::pepper2:

I'm sure we have a big highway repair/improvement jobs bill coming. Gas taxes should be raised now instead of letting our grandchildren pay for it.

Guess what - we are the children paying for what are parents were fearful of. It's a cycle that will continue until we implode.

in the days gone by .....late 80's early 90's we used to pay 69 cents a gallon for gasoline and I think oil was bouncing around $40 a barrel.

Soehow, someway the low prices did not interfere with the subsequent evolution in the oil industry.

The oil industry took on a life of it's own....oil stock speculators....ever rising $$$ per barrel....ever rising prices of gasoline.

The American public, as it does with most major issues, ADJUSTS AND CONFORMS!!!!!

So now that we are beginning to see what the effect of energy indepence (to an early degree) can provide......we are going to start believing the low prices will hurt the future.

Most likely not. Enjoy it while it lasts and by all means support and promote American energy independence.

Ditto that... low income people really get screwed. Do you remember what the price of gas was back in Jan 2008!

I remember when gasoline first JUMPED to 69cents and I was panicked. I had a Buick Electra 225 that got about 13 mpg and I was a teacher /coach making poverty wages. When I started driving in the early sixties gasoline in our area (KC Mo ) was between 18.9 and 21.9 per gallon or less than $1.50 in today's dollars.

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My favorite time was Fall of 2008.
Gas was over $4 per gallon.

Dealers were selling Pickups at 40% off sticker price.
With ZERO Percent financing for 60 months.

The above incentives were coupled with the IRS Section 179's that
were boosted to $ 250,000.with a $ 800,000 phase out.......
...AND...
for 2008 tax year we also were blessed with the BONUS 50% depreciation.

Office Equipment and Software were at fire sale pricing.

EACH Full "C" portion of your businesses got the ENTIRE 179 benefits.
You could actually MAKE money by spending money for you businesses.

Plus in 2009 I was thankful to get the FREE Electric Golf Cars.

Thank You taxpayers. Always loved to get the freebies.

All legal and much appreciated.

Guess somebody will eventually have to pay for all those "freebies".

My Kids and Grandkids are all into Tree Farming.
That means somebody else will pay for all my free stuff.
Thanks again.



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Actually gas prices in the fall of 2008 were in the low $2.00 range going down to $1.80 in December. Of course, we were plummeting into a worldwide recession. A lot of incentives were tried with varying results. Banking and the auto industry needed to be saved. A stimulus package was needed. Where would we be now if no one acted? One should be appreciative.