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NOT the LAST WORD on GAS PRICES

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TomR Ont.

05-26-2004 19:53:26

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Anything we do will affect the economy.
If we are going to boycott the Oil Companies why be so stuck on gas?
What about the .... cheep plastic toys, cars must be 30% plastic, tires not much real rubber if any, carpet & floor tile, all the high priced automotive gas & oil treatments $25.00 a gallon and up, a lot of them are the same only in a different bottle and lable, propane at one time was just burnt off.
I could go on but, we all know we can't live an hour or even sleep with out oil products.
As farmers (long ago) if you had too much cream you either made richer milk or thinned it out and made more milk. They will just cut back gas production or increase production on something else.
The oil corporations may be justified (hahahahoho) in what they say "we only make pennies on a gallon of gas" but first how many million gallons do they sell world wide each and every minute 24-7 and don't forget there are 0.99 pennies to play with.
How many Americans will be out of work if you boycott the gas stations and kiosks. If you just buy on certain days, they can go back to the 60s when all stations closed at 7pm. except for a few rotating stations. They have the power to do what ever they want and sooner or later they will get it no matter what we do or say now. In the late 70s oil shortage, all we ended up with was a few small cars and a lot of smaller parking spaces at the malls.
We might have a better chance to boycott the Government to cut the high taxes on gas, but they won't listen either. While we are distracted and bitching about one thing they'll slip in another. Now do you want to be responsible for the next recession that's when we have small company closings, layoffs and interest rates go up and the corporate profit shifts, the banks make more.

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Slowpoke

05-29-2004 23:05:30

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Re: NOT the LAST WORD on GAS PRICES in reply to TomR Ont., 05-26-2004 19:53:26

And cars & trucks have gotten larger while the mall parking spaces are still small.

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FRANK

05-27-2004 10:20:12

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Re: NOT the LAST WORD on GAS PRICES in reply to TomR Ont., 05-26-2004 19:53:26

A LOT OF GOOD COMMENTS ABOUT THE HUGE INCREASE IN GASOLINE PRICES. IT IS GOING TO BE VERY INTERESTING TO SEE IF THE ARTICLE IN THE RECENTLY RELEASED BOOK BY BOB WOODWARD THAT TOLD OF A DEAL MADE WITH SAUDI ARABIA TO CUT PRODUCTION TO GET THE PRICES UP, AND THEN RAISE PRODUCTION TO LOWER PRICES JUST BEFORE THE ELECTION TO HELP THE CURRENT ADMINASTRATION TO STAY IN POWER.I WOULD HOPE THIS IS NOT THE CASE, BUT ONLY TIME WILL TELL.

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05-27-2004 12:48:05

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Re: Re: NOT the LAST WORD on GAS PRICES in reply to FRANK, 05-27-2004 10:20:12

Saudi Arabia already kicked up production by 2 million barrels per day.

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Slowpoke

05-29-2004 23:26:34

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Re: Re: Re: NOT the LAST WORD on GAS PRICES in reply to bo, 05-27-2004 12:48:05

It wasn't too many months ago that OPEC cut production by at least 2%. I think that most of the price of a barrel of oil is due to the futures traders, just like ag futures.

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Davis In SC

05-26-2004 21:06:36

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Re: NOT the LAST WORD on GAS PRICES in reply to TomR Ont., 05-26-2004 19:53:26

The best thing we can do is avoid buying things made in China... The products in the masss retailers are from there, every time we buy one, we are cutting our own throats. Lots of our oil & plastics are going there now.. The gas price will find it's own level....

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TomR Ont.

05-27-2004 14:52:26

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Re: Re: NOT the LAST WORD on GAS PRICES in reply to Davis In SC, 05-26-2004 21:06:36

Davis, I hate to say it because we would be hurting someone elses economy, but you're right most of the cheep stuff comes from China & other depresed countries, it's not just plastic, it's clothes, tools and steel parts most of it is cheep and won't stand up. I think they buy most of the steel stuff back with in a year or so as scrap and start over.
One of the worst things is, with the wages their paid they need it all for food and can't afford the luxury of buying any of this junk they make and we end putting in the yard sale then the garbage.
I read an artical on a name brand US brazier company manufacturing in Mexico when the so called free trade started. All the employees were on assembly line piece work, sewing the same one piece all day long, and they couldn't buy one either. If there is a lobour dispute the company can re-locate and be set up within a month at full production in another country. And lets not forget Cathy Lee Gifford and Liz Clayborne with their $200+ blouses (something about child lobour m m m). I guess we should keep sending our $30 a month to insure a cheep labour force in the future for stuff.
I almost forgot this is a tractor forum, has anyone bought the Chinese tractor are they any good, I've only seen them from a drive by distance. Probably as close as I'll get.
I think we have already cut our own throat.
If we could just take a bit of greed off our own products we could afford them. I'd hate to pay $60-$80 thousand for a (home grown) new tractor and in a few years have to pay hundreds for all the electronic tests just because it won't start and it's one of several $400 electronic sensors. (made in China).

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05-26-2004 20:43:07

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Re: NOT the LAST WORD on GAS PRICES in reply to TomR Ont., 05-26-2004 19:53:26

We Americans will adjust. We will make other sacrifices to continue our lifestyle of driving the bigger vehicles. Why do auto manufacturers make bigger vehicles? Because that is what America wants and will buy. Look at an eighties model Nissan-Toyota-Mazda, car or truck, and compare it with what is made today. Much bigger and less fuel effecient. We will not ride bicycles or ride motorcycles because we have never had to in the past, other countries have and do. The best thing to do is stop and think before you take that unnecessary trip. Combine trips and you will use less fuel. We are trying to outsmart and fight BIG BUSINESS and we do not have weapons, other then what I, and a few others, have mentioned. I don't like it but there is little I can do.

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john in la

05-26-2004 20:37:36

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Re: NOT the LAST WORD on GAS PRICES in reply to TomR Ont., 05-26-2004 19:53:26

Well yes I agree. To those that want to boycott gas on such and such a day I got a better idea for you.

Sunday... No buying of alcohol! (most already have this but if not lets all join in)

Monday... No buying of gas! (man that is going to hurt them since I'll be there bright and early Tuesday to get Mondays gas.

Tuesday... No buying of cars! $35,000 that�s just to much and I will not stand for it.

Wednesday... No Church. That dang preacher has enough money and if I go to church you know he is going to pass the plate.

Thursday...No shopping at a major chain store like Wal-Mart or Home Depot. Look at them big buildings. You know they are making money hand over fist. We will make they lower prices.

Friday... No going to work. This is a double day. First by staying home I will cut my pay because I am making to much. $18.00 per hour today compared to $5.00 per hour a few years ago. Two by staying home I will have no income so no income tax for that day. OH YES I am going to show that government.

Saturday... This is the day you get to sit back and think about all the stuff you need to do since you boycotted some body during week and now you need to run around and take care of all those chores you put off by boycotting.

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BobInMN

05-26-2004 20:23:27

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Re: NOT the LAST WORD on GAS PRICES in reply to TomR Ont., 05-26-2004 19:53:26

I really do believe we are in for some hard times ahead. I recently read that everytime gas prices have risen sharply a recession follows. Also, what makes a big difference this time is China's hugh increase in oil usage in the last year. Even if the oil producers increase production I don't believe it will lower the price like it did in the past. This goes off in another direction, but I believe there is a bubble in the housing market. How can the value of housing increase 30-100% in some areas of the country without wages increasing? Maybe high oil prices will burst the bubble. Time will tell.

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05-26-2004 20:36:50

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Re: Re: NOT the LAST WORD on GAS PRICES in reply to BobInMN, 05-26-2004 20:23:27

You two are making sense and there is no arguement. I could add that most folks think that oil is just used for fuel...furnace, cars but most folks have no clue how much oil there is in wood products like furniture, in medicine, in food, in carpeting and other fabrics. Oil permeates our society and we don't survive without it. No..no survival. A few of us might be able to tough it out but on average, the economy is gone without oil.

I might be able to explaing the huge increase in housing value in some areas of the country. Simple...huge inheretances are now happening with the baby boomers, two salary income households, more professional people and last but not least, dirt small mortagage rates.

A starter home use to be 900sq ft and a used one at that. Today, the average starter home for the two income couple is about $150,000-200,000 and 2500sq ft. This is a "starter home"?

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BobInMN

05-26-2004 21:44:08

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Re: Re: Re: NOT the LAST WORD on GAS PRICES in reply to bo, 05-26-2004 20:36:50

Bo, in my area of the country it seems that most of the housing is being purchased on both the husband's and wife's income. I think if there was a major downturn in the economy and one of them lost their job they would lose the house. How many houses can the banks foreclose on before the bubble bursts? Let me give you another example of what scares me. I've got a young relative who goes to college and works part time. She decided to move in with her boyfriend, who goes to college and works part time. They went to a local bank and qualified for a $100,000 loan to buy a house. Now I know times have changed, but when I was first married and had a full time job the bank would have never given me a loan like that. And, I did not have bad credit.

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05-27-2004 04:05:59

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Re: Re: Re: Re: NOT the LAST WORD on GAS PRICES in reply to BobInMN, 05-26-2004 21:44:08

You're correct. Incidentally, bankruptcy is way up also.

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Vern-MI

05-28-2004 06:29:36

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Re: Re: Re: Re: Re: NOT the LAST WORD on GAS PRI in reply to bo, 05-27-2004 04:05:59

Used to be bankruptcy was an embarassment, now it is a right of passage.

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Paul in Mich

05-28-2004 07:23:25

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Re: Re: Re: Re: Re: Re: NOT the LAST WORD on GAS in reply to Vern-MI, 05-28-2004 06:29:36

Vern, Yep, just like food stamps, 6 months or more on unemployment, "free " (not really free)prescriptions, College degrees for "lifers". They all are looking for a free ride.

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Jerry

05-27-2004 08:55:03

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Re: Re: Re: Re: Re: NOT the LAST WORD on GAS PRI in reply to bo, 05-27-2004 04:05:59

We don't know how much of the oil is made into products at a contract price (For instance the price of plastic material is under contract to most of the plastic molders) when the price of a barrel of oil goes up the oil companies put it to US fuel buyers that aren't under contract. Propane pricing has the same contracted structure.

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