you knew it was comming...

[phragle]

feds are talking about raising the gas tax by as much as 40 cents a gallon and the states are expected to follow suit. the red carpet is being rolled out, the next 4 will be an obamanation..prepare to be kicked while your down, the economic unstimulis is comming.

 

[Audiofn]

They know we are willing to pay upwards of 3 bucks a gallon so now that it is at about 1.60 they will tell us that we are getting a deal even when the tax bumps it up to 2.10.... Makes me sick that these people will not just control spending. Instead they go back to the well over and over again. They will find a breaking point soon enough.

 

[Offshoredrillin]

They know we are willing to pay upwards of 3 bucks a gallon so now that it is at about 1.60 they will tell us that we are getting a deal even when the tax bumps it up to 2.10.... Makes me sick that these people will not just control spending. Instead they go back to the well over and over again. They will find a breaking point soon enough.

they have to make up for the $$ lost to the promised tax cuts. the thing that gets me is now the people that vote for these politicians, have no clue that 401 per gallon will equate out to much more than the tax cut they got...here lets give them a dollar and tax them 5 dollars over a month

1000 tax cut one time
.40 x20 gal = 8.00 per fill up
8.00 x 104 = 816 per year
816 x 4 = 3264

yea its gonna help us :ack2: thats on an avg, and doesnt include boats or taking vacations.

 

[03darkshadow]

i am going to go buy some guns. there will be a revolution soon. too much gov't control in england in the 1600s so they came here and faught against them for freedom. it will happen again, i hope it doesnt, but this "government" is too far out of wack, they dont know whats best for the people, only whats best for their own pockets

 

[cigdaze]

Remember this little quip?...
"The other day the oil companies recorded the highest profits in the history of the world. I want to take those profits..."
-Billary Clinton (Speaking at the DNC's winter meeting, February 2, 2007)

She's want into the oil business one way or another, be it corporate taxation, or consumer taxation. Now that this DFC is secretary of state, we're all phucked.

 

[VtSteve]

The highway fund had a $10 billion surplus three years ago, now it's in the red $3 billion, and rising. The roads are a disgrace, bridges are unsafe or closed in many states. Any highway or transportation spending now that is in addition to the diminished budget comes out of the general fund, and will further raise the deficit.

Your call.

 

[Chris]

If the government was able to reign in oil speculation, I'd gladly put 20 or 30 cents on the present price.

 

[Davidmnc]

If the government was able to reign in oil speculation, I'd gladly put 20 or 30 cents on the present price.

Yea, but it won't stop there.

 

[BBB725]

If the government was able to reign in oil speculation, I'd gladly put 20 or 30 cents on the present price.

One of very valuable functions performed by the speculator is the allocation of resources over time. It makes sense to take the future into account when making consumption decisions today. The futures market, by the way, is no bed of roses. With that being said the speculators should have to put up 100% of the futures not 10%, that would keep them honest.

 

[Sea-Dated]

One of very valuable functions performed by the speculator is the allocation of resources over time. It makes sense to take the future into account when making consumption decisions today. The futures market, by the way, is no bed of roses. With that being said the speculators should have to put up 100% of the futures not 10%, that would keep them honest.

Couldn't agree more with you....

 

[VtSteve]

As of now, my tanker stocks are doing fine. The spot market is far cheaper than contracts for delivery in one year, and much less than two years out. I doubt this will remain for too long, since at the current price levels, demand for inventories will expand in this new year.

The real pain is in the drilling and services sector, longer term anyway. With oil at $40 a barrell, it's a disincentive to open new drilling, and the services sector is already feeling the pain. Demand remains down, for now. I still expect to see 75 oil as the newer average, but until credit flows and demand increases, we're likely to have the current prices linger on.

I'll take a stab at a WAG here, and say that if anyone is making plans for boats and cars based on cheap fuel, they should probably hedge a little bit towards a higher budget than current prices indicate.