High oil prices: blessing in disguise

What's the fuss about 'HIGH OIL PRICES'?
High compared to what? Oil prices of the 1960s? In fact we pay people for doing nothing so that they can afford driving around around in their limousines. It doesn't follow from this that the guys pumping up that valuable stuff should also give it away for free.

Ever tried to compare real estate prices between 1965 and 2005?

Ever tried to compare the price of groceries between 1965 and 2005?

Ever tried to compare the price of a NYC subway fare between 1965 and 2005?

So what? Stop sulking and pay for your gas.
 
If u dont care whether crude get to $100/b then u are either a propaganda poster from CNBC, Mr Kudlow in disguise, or u failed badly at economics.
 
Quote from chlawfirm:

If u dont care whether crude get to $100/b then u are either a propaganda poster from CNBC, Mr Kudlow in disguise, or u failed badly at economics.
More...

they will definitely care...they may not admit it on here but they WILL care. $100/barrel will take a huge bite out of this market. companies that are struggling now will be history. kudlow is a POS.
 
Yeah but Ritter was right. So really, the WMDS did not exist.

Also, I am not sure that he is doing all of this out of greed like you seem to suggest. Clearly, the way he has been treated so far, you'd think there would be an easier way for him to make a living.


Quote from peilthetraveler:

We havent found bin-laden either...that doesnt mean he doesnt exist.
More...
 
Quote from nononsense:
High compared to what? Oil prices of the 1960s?
Ever tried to compare real estate prices between 1965 and 2005?

Ever tried to compare the price of groceries between 1965 and 2005?

Ever tried to compare the price of a NYC subway fare between 1965 and 2005?

So what? Stop sulking and pay for your gas. [/B]
More...

If you are looking to get the same purchasing power as in 60's, oil prices are still very low. If we end up 50 years later with similar purchasing power, what was the reengineering, firing, unemployment for?
 
Quote from peilthetraveler:

Everyone is so afraid of what their energy bill/cost to fill at gas station/blah blah blah...but look at the bright side. All those cheap labor textile factories in china making those inexpenisve shirts/pants or whatever wont be so cheap to ship here anymore...therefore there will be a boom in our now practically defunct textile industry. Big companies like walmat will be crushed by those high fuel costs, in turn letting the little guy compete for business because he will buy from local vendors and save on fuel costs. The local vendors also get a big increase in volume since everyone will buy from the little guy now. The little guy now doubles his income and can easily afford the higher fuel costs. Everybody wins except the goliaths of the world. The bigger they are, the harder they fall. And since the goliaths of america all seem to get their cheap crap from overseas, the little guy will get his product from americans and help the economy with new jobs. I know some of you may come up with the theory that walmart will adapt quickly and buy from americans and deep discounts and still put the the little guy out of business...but since walmart has everything shipped to a central location in the US, their fuel costs are still goign to be high...only way they could compete would be for each walmart to individually buy from each local vendor in each town and they sure wont get a deep discount like they do now for that. I say let oil soar to 100 dollars a barrell and put the american textile industry back on the map.

Please let me know what you think of my ramblings and if you see any flaws in it. :)
More...

Following same logic, it would make sense blowing up highways here and there and rebuilding them, thus providing employment and inducing growth…
 
Blessing? Man, what have you been smoking?!

Here's an interesting simulated oil crisis scenario. Higher oil prices will NOT be good for the economy no matter what you might think. Don't be too narrow and think of outsourcing and hurting them. Higher oil prices hurt the ENTIRE GLOBAL economy. Not just "them".


===========================
Simulated Oil Crisis Raises Eyebrows
http://www.foxnews.com/story/0,2933,160551,00.html

"In the simulation, oil prices rise to $82 per barrel and gasoline is $3.31 per gallon.

On top of it all, a few weeks later terrorists strike oil and gas installations in Saudi Arabia as part of a major terrorist attack. Damage is limited but another 250,000 barrels a day are lost to the markets.

Oil shoots to $97 a barrel; gasoline leaps to $4.05 per gallon. But that's not all in this exercise.

Following up on Usama bin Laden's (search) promise to attack the U.S. economy, terrorists hijack a tanker and crash it into one of America's key oil facilities, setting most of the Valdez, Alaska, port on fire.

"Valdez ships about 1 million barrels per day, down largely to the West Coast," said former CIA Director James Woolsey.

In this scenario, the price of crude goes to $123 a barrel and gasoline is $4.75 a gallon. The economy staggers, consumer spending drops by almost a third and 850,000 jobs are lost. Think it's impossible? The experts say it's not."
 
You must log in or register to reply here.
Back
Top