Jun 23 - Gas could fall to $2 if Congress acts

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Props Slaps
 06-23-2008, 05:17 PM         #21
imaged 
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Nope...

From the Institute for Energy Research...

* Record-high oil prices demand a target, and some politicians are increasingly pointing the finger at speculators in the commodities futures markets. But high oil prices are due to restricted supply, booming demand, and a weakening dollar.
* There is no hard evidence that speculators are responsible for high oil prices. If the price of oil truly were above the level that the fundamentals could support, we would see growing inventories of crude. But inventory levels show no such pattern.
* Speculators provide a vital function. By buying when prices are low and selling when prices are high, they actually make oil prices less volatile. Large investment funds provide liquidity to the commodities futures markets, and allow producers and consumers to concentrate on their core businesses.
* Government restrictions on investment in the oil futures market will only hurt consumers by making the oil market less efficient. New regulations will do nothing to ease oil prices in the long term.


Last edited by imaged; 06-23-2008 at 05:18 PM..
 10 years ago '04        #22
KURUPTION!!! 541 heat pts541
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 Dj KraZ said:
if it goes down to 2 dollars i'll go get a lexus
I'm buying a Benz. I didn't think I could bear 3 dollars two years ago and here I am paying 4. Having a good job helps but I still think of everything else I could have done with that scratch.
 06-23-2008, 05:39 PM         #23
iThink 
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sh*t, I wish. If it happens, wtf would you people in this thread talking about less fuel efficient cars gain?

I'll take anything lower than what we got. A month ago I paid $4.70/gallon in Flagstaff, AZ and that is the most I have ever paid for gas. I almost hated myself after but I had to fill up to get home.
 10 years ago '05        #24
Dillinger805 4 heat pts
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yea something needs to happen sh*t ill even take 3.25 haha as long as it never goes over 4 wtf up with that i mean right now we are at 4.71 here
 10 years ago '05        #25
Arceo 19 heat pts19
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if its helping them do any type of numbers..that damn dodge/chrysler promotion wouldnt allow for it to go under 3 bucks..and would probably throw money at whoever to keep their 2.99 marketing scheme..
 10 years ago '04        #26
The Go 2 Guy 31 heat pts31
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it's one thing or another. that is how economy works. gas price go down but then cost of living goes up a bit here and there. you won't notice it now but in the long run it'll total up and you will see it affect you. buying a house, car, groceries, gas, electricity and everything you use nowadays has gone up. ah the good ol' clinton days when gas was under $1.50 a gallon.
 10 years ago '06        #27
J_Teflon 1 heat pts
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i'll throw a party just for that sh*t if it happens
 10 years ago '05        #28
justindlawson 2 heat pts
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i hope this would pass. and if it doesnt then every elected official involved should be thrown out of the govt...cuz as they say they represent their constituents and i belie we want lower fu*king gas prices. there aint one dude saying ya i would like to pay more. this aint debatable and this aint democrats vs republicans ITS AMERICAN LIVE AND FAMILIES.
 10 years ago '04        #29
killababi 32 heat pts32
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<---remembers $.99 gas about 6 or 7 years ago
15 dollar fill ups were the sh*t
 10 years ago '05        #30
hustlehard365 
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 MVN said:
thats the point, it will never happen.......


the cost of living goes UP, not back down......


we will be lucky if gas goes down to 3.50 a gallon, but highly unlikely
u do realize back in the 70s gas was like 2.50 a gallon u know how much 2.50 was back then. the 80s and 90s had gas a like 80 cents so this proves ur things don't down is wrong.
 10 years ago '07        #31
sqweent eye 
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props for posting this, but i dont see it going back down past $3 cause that means that the u.s. wouldnt see a big enough profit,but i heard that Saudi(or where ever we get our gas from) is going to allow us to get 12% more gas a month than usual so with that said they could afford to drop the price of gas since its not as scarce n plus dummies like a couple of ya talking bout going to get lexus n bentleys would per sway them to drop it back down to $2
 06-23-2008, 06:33 PM         #32
DDoyle2369 
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That will never happen...too many rich powerful people are connected to oil..
 10 years ago '08        #33
LuckyLu 
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FCK dude i really hopes that happens sumtime soon
 10 years ago '05        #34
QualityRecords 9 heat pts
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If anything would give the economy a shot in the arm its this. If people spent half the money they spent on gas they could use the rest to buy other stuff which would help the economy tremendously.
 06-23-2008, 07:22 PM         #35
DaPlaya641 
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lets all just b positive and hope this works.......

anybody here going against the dream of cheaper gas should b shot
 10 years ago '07        #36
jack_napier 
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Please God, make this come true.
 06-23-2008, 07:40 PM         #37
Shadedvisionary 
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We need it bad, i seen too many business suits riding bikes and its not even july yet.
 10 years ago '06        #38
The Scenario 43 heat pts43
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The price of gas has never ever gone significantly down in my life. It goes down a few pennies then up a dime.....
 10 years ago '05        #39
K.B. 
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*remembers when gas was 89-99 cents a gal.* i hope this $2 sh*t happens.
 10 years ago '06        #40
beantown 74 heat pts74
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psh man I just want gas to be a reasonable price... I see it like a good thing and a bad thing because it doesnt need to be $350+ per gallon but it doesnt need to be cheap enough that we make our air toxic. as fu*ked up as it sounds, i'd rather have it aorund that 2.50ish mark or so
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