$3 per gallon going to be normal, and soon

JackDodge · 04-01-2006, 08:55 AM

http://detnews.com/apps/pbcs.dll/article?A.../604010360/1001

unrest in oil-producing countries, 85,000,000 barrels of oil per day in global consumption is projected for 2006 with excess at only 2,000,000 per day equals high prices are here to stay. Per barrel oil price is nearing $70. The very short attention span of the American people makes it difficult for us, as a people, to forget how volatile oil prices are and how fast they can increase drastically. When prices stabilize, Prius owners are just seen as smug tree huggers who perceive ourselves to be better than everyone else. The reality changes when prices spike. When prices go upwards and steeply, we're seen as the smart ones and our cars become coveted. This is why I'm sure that when I start thinking about a new Prius (when a significant improvement is made) then I'll be able to sell my current car for at least the original sticker price and the South Park episode will be a quaint, faded memory.

EricGo · 04-01-2006, 11:32 AM

Articles like this emphasize how little analysts and journalists who write on this topic actually understand.

In the same article:
"Energy is only a tiny part of a household's total basket of goods"
"If oil rises 15%, pessimism will set in, leading to recession"

04-01-2006, 08:55 AM	#1
JackDodge Independent voter Join Date: Sep 2005 Location: Bloomfield Hills, MI Posts: 2,300 My Car: Other Hybrid Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	http://detnews.com/apps/pbcs.dll/article?A.../604010360/1001 unrest in oil-producing countries, 85,000,000 barrels of oil per day in global consumption is projected for 2006 with excess at only 2,000,000 per day equals high prices are here to stay. Per barrel oil price is nearing $70. The very short attention span of the American people makes it difficult for us, as a people, to forget how volatile oil prices are and how fast they can increase drastically. When prices stabilize, Prius owners are just seen as smug tree huggers who perceive ourselves to be better than everyone else. The reality changes when prices spike. When prices go upwards and steeply, we're seen as the smart ones and our cars become coveted. This is why I'm sure that when I start thinking about a new Prius (when a significant improvement is made) then I'll be able to sell my current car for at least the original sticker price and the South Park episode will be a quaint, faded memory. __________________ "Democracy is the theory that the common people know what they want and deserve to get it good and hard."- H.L. Mencken

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04-01-2006, 11:32 AM	#2
EricGo Three cats, one Prius, and assorted humans Join Date: Apr 2005 Location: Albuquerque, NM (SouthWest US) Posts: 1,810 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Articles like this emphasize how little analysts and journalists who write on this topic actually understand. In the same article: "Energy is only a tiny part of a household's total basket of goods" "If oil rises 15%, pessimism will set in, leading to recession"