Low gas prices.....will mean what?

15 years ago

I hope it doesn't slow it down... it's something that needs to be done no matter what, we can't go on depending on oil for everything.

What gets me is the news reports about the price of crude oil -- they always make it sound like terrible news when the price goes up, and they also make it sound like terrible news when it goes down...pretty funny.

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MommyEnterprises

15 years ago

I am not sure about slowing it down but I am sure enjoying the decrease in gas prices.

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Dave Patterson 15 years ago

Originally Posted by MommyEnterprises

I am not sure about slowing it down but I am sure enjoying the decrease in gas prices.

Me too...

It doesn't cost quite as much to run and get that $5 gallon of milk.
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jimcal

15 years ago

Heck no. It will be SOS. It is nice to have lower prices but the downside is we are probably going to have a depression and things are going to be bad.
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KimW

15 years ago

Gas is around the price it was before the war. I predict this "low priced" gas is very temporary. And as Dave mentioned, that gallon of milk,and everything else that went up in price due to increased shipping costs will remain where it is,even thoiugh the cost of shipping it has gone back down.

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acreativetouch

15 years ago

Originally Posted by Shay60654

Now that gas is down to below $2 a gallon (at least it is here), do you think it will slow down the movement to create independence on foreign oil, finding alternative (renewable) energy sources, etc.?

Where are you and where is the nearest gas station?

Even though the gas prices are lower, I'm still into alternative fuel, energy and water sources. It's a temporary breather, we shouldn't become complacent, but use the time to focus on alternatives to fossil fuels ( hydrolysis, laser, phyto-fuels ), ground water sources ( atmospheric water technology ), and continuos electricity sources ( wind, tidal, solar).

Dorothy

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Mike Wright 15 years ago

The fact that oil is a finite limited resource dictates that governments
will be forced , for political, strategic and economic reasons, to invest
in alternative energy resources.

This was brought home to me in an article about the famous QE 11
cruise liner being retired off to Dubai this week. The QE 11 is oil powered
like most ships these days. Apparently, 1 litre of oil would move the
QE11 just eleven feet .... and she burned 430 tonnes of oil a day at
cruising speed. Factor in all the other commercial, lieisure and military
shipping ..... then add air, road, power stations, heating etc.,etc.,
then you get some idea of just how MUCH oil the world is using today.
The published global reserves can not last for all that long at present
consumption. None too sure that the climate can stand it either.

Clean coal and nuclear options look necessary in the shorter term.
The one thing that seems to be pretty much screwed in a couple
of decades or so is Air travel whether civilian or military. There
have been a few ultralight solar powered/electric aircraft developed
so far .... but nothing that seems able to move hundreds of people
of tonnes of cargo around except the airship possibly.

Plenty of changes ahead for everyone everywhere this century
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espacecadet

Banned 15 years ago

[DELETED]

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John Henderson 15 years ago

General Motors already developed an electric car because California's Zero Emissions Vehicle legislation forced them to.

Once the big car companies and Bush's federal government put enough pressure on California to overturn the ZEV legislation, the electric cars were recalled and scrapped.

Here is the trailer for the film that tells the story:

YouTube - Who Killed The Electric Car?

You can find more excerpts if you type "Who killed the electric car" into Google Video
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Mike Wright

15 years ago

Originally Posted by espacecadet

I've envisioned large poly-plastic tubes, a la those in the drive-thrus at banks, mounted in the air above-ground that would literally suck or blow skids of freight from one side of the country to the other at high speeds. Yes, that idea has a lot of problems to be worked out (not the least of which would be the NIMBY crowd) but if it were to become reality it would be interesting.

I recall seeing a TV program a fair while ago about some Victorian
engineer who designed and built one or more prototype huge things
to do that kind of thing in Britain 100>150 years ago. Steam trains
turned out better and cheaper apparently .... and he had problems
with sealing the system in working situations.

Perhaps Americans would like giant canons which could fire containers
of freight or people vast distances or over mountains. Bit like the
Pony Express ...but louder LOL! All the technology exists .... just
needs a bit of "fine tuning". Plus, if the North and South fell out
again, you could have a great artillery battle and wear all kinds of
fancy uniforms ..... errrm that might be happening allready :p

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derekwong28

15 years ago

I am not changing my driving habit at the moment. Gas prices here are twice that of the US as most is made up of taxes. Therefore, the drop in prices have not been that great here.

It is really time that OPEC is taught a very tough lesson once and for all. It is more than a year since I drove more than 10 miles just to have breakfast at a cafe by the seaside.

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mbealmear

15 years ago

Gas where I live in Kentucky is $1.78 a gallon. Since the price has gone so low I can definately tell a difference in people's driving habbits. I see 4-5 times as many people out driving verses 2 months ago when it was almost $4 here.
I hope that the price drop does not put off finding alternatives for gas, because even though it is low now, it will go back up and soon we will be back to paying upwards of $4 a gallon again.
Our government need to take action and move quickly in investing in alternatives.

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betterwtveter

12 years ago

We still need to take care of the issue, because if we don't do anything about it, that means the oil companies will have more flexibility. The less flexibility we give them, the longer we can have lower gas prices.

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PassivelyRich 12 years ago

In my mind... Low gas prices = Buy Crude Oil ETFs!!! :-)

No matter what happens, Crude Oil will rise IN THE LONG TERM, as its a finite resource and there are so many uses for it (not just to be refined into gasoline).

"Crude oil is used to make a variety of fuels including gasoline, diesel fuel, jet fuel, bunker fuel and kerosene. This fuels power all the automotive vehicles and engine powered machinery on the planet.
Crude oil is also used to make fertilizers and pesticides. Nearly all of these products are made from crude oil.
Crude oil is used to make other products such as plastics and waxes. These are used in the packaging of frozen foods and other items.
It is also used to make tar, sulfuric acid, asphalt, petroleum coke (solid fuel) and paraffin wax.
Crude oil is also a main ingredient in the production of synthetic rubbers.
Crude oil is used in the production of cosmetics and perfumes.
Crude oil is also used to produce a number of industrial solvents that are used to clean machinery.
It is also used in liquid fuels such as butane and propane which are used in home grills."
~ wanttoknowit.com/uses-of-crude-oil/

WARNING - Only buy if you're in the long haul, not great for day trading!
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- Kay King 12 years ago
  
  Bumping threads from 2008? Really? Low gas prices aren't exactly a problem at the moment, are they?
  
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RyanEagle

12 years ago

Originally Posted by ShayRockhold

When gas was $4 a gallon, you had people screaming for alternatives.

Now that gas is down to below $2 a gallon (at least it is here), do you think it will slow down the movement to create independence on foreign oil, finding alternative (renewable) energy sources, etc.?

Their answer to what people wants is a lower gas price. There have been alternatives found actually. But the problem is, big oil companies hinder these alternatives to be pushed in the market. Either they buy the patent and bury the idea or they get the help of the government to protect the interest of their business.