4. Not Law Enforcement-- National Union of Police and Prison Officers has considerable investments in Big Oil and the profits benefit their retirement.

I have never heard of this union. Never

but they will not with ever increasing energy prices

wow what?

who do you think scoops the vast majority of profits of "big oil"

board members/stockholders > gen public

this thread makes my head hurt.

i don't even get the point of it, and i've read the op like 4 times.

 

Originally Posted by LDM

pretty much all classes of people make money when "Big Oil" makes money.

I guess you're smarter than hundreds of Democrats in Congress? They don't agree with that statement at all.

Them berating oil execs is like a parent making a kid stand in the corner then asking them why they aren't cleaning their room. Just the hint of production from ANWR and off the coasts of Cali and Fla would undercut the speculators and drop the barrel price back under $100. Imagine what beginning actual construction of new refineries would then do.

"Oh but it will take 10 years" yeah that's what Bill Clinton said 12 years ago. The Democrats are mostly to blame for this, but so are the Republicans for not standing on their principles and hammering this through back when they had the political capital to do so.

I don't want oil to get any higher, but I think it's hit a sweet spot where people care enough to do something and look for alternatives (buy smaller cars, hybrids, take public transportation, car pool, etc) without being so high as to bankrupt people. But I don't have a car now and take public transportation to work every day, so maybe i'm looking at it from a privileged and heartless position. Plus I'm up a decent amt of money with some oil stocks...canadian oil trusts FTW.
6 million barrels per day under the low and high resource cases,
respectively

I don't know about great depressions and whatnot, but if you don't think the escalating gas prices are going to adversely affect anything beyond dirving a few miles, then LOL at you. The prices of EVERYTHING will continue to go up as a result of rising fuel costs. This combined with lowering average wages is clearly a bad signal.

Also, stop acting as if Oil is just like any other business.

 

Originally Posted by GODSHAMGOD

I don't know about great depressions and whatnot, but if you don't think the escalating gas prices are going to adversely affect anything beyond dirving a few miles, then LOL at you. The prices of EVERYTHING will continue to go up as a result of rising fuel costs. This combined with lowering average wages is clearly a bad signal.

Also, stop acting as if Oil is just like any other business.

umm yea I was clearly scoffing at "worse than the Great Depression"

please point to me where I said that escalating gas prices will not adversely affect anything else... thanks

"gas is still fucking cheap for the purpose it serves... it fucking gets you places you need to go on your own convenience...

I can drive 10 miles for the same amount it costs me to buy a soda at the gas station... that's not that bad

That post^^^^^^

All I am saying is that the increased fuel prices will be affecting way more then your trip to pick up a can of soda(which by the way will cost more too). People need to understand that the whole economy will be dramatically effected by the rapid rise in fuel costs. Don't be so short cited.

 

Originally Posted by GODSHAMGOD

That post^^^^^^

All I am saying is that the increased fuel prices will be affecting way more then your trip to pick up a can of soda(which by the way will cost more too). People need to understand that the whole economy will be dramatically effected by the rapid rise in fuel costs. Don't be so short cited.

but my post has nothing to do with the future, I offered no opinion on what I thought would happen if prices kept escalating...

my point was, now, at $3-4 a gallon gas is still relatively cheap, and I am sick of everyone bitching about it when comparatively it does more for you than many things we pay more for that do less...

of course I can agree that continued rising gas prices will only hurt our economy... however, I wish everyone would stop freaking out so I wouldn't have to read garbage like "consumer confidence at 16 year low" etc...

I am trying to make money on my investments and it would be nice if everyone wouldn't flip out... lol

Yes, it would be nice if people didn't flip the fuck out, for reasons beyond your portfolio. : )
I may have sounded dismissive before, but I'm 100% serious. The rational response to rising prices is to vote with your wallet, and find ways to decrease demand. Carpool. Ride a bike. Ride the bus. This is far more productive than crying, scapegoating, predicting the downfall of civilization, and screaming for the government to step in and "fix" the problem with armed thuggery.

Agreed. I'm just mad cuz I'm at work, not sitting on my ass with bong in hand.
At least I have free time at work to bitch on the internet though. I guess things aint that bad.

didnt read thread. i just have to say paying 4.19 for regular is bullshit. been 3 weeks since i filled up cause i dont drive all that much but shit its like 50 cents higher than it was in 3 fucking weeks.

then i go get my chinese lunch special and the guy yells at me for not having cash (says on the menu accept cards for 10$ min)

the economy is going to hell.

The problem with oil, and with commodities and rising prices in general, is the very weak dollar. It is the main problem we have to fix in America; our standard of living as a nation is going to keep decreasing as our real assets become less and less valuable. In addition, consumer spending will drop as things from abroad will become more expensive and so will consumer goods in general. Oil and commodities are a reflection of a weak dollar.

The best thing we can do as a nation is to change our borrowing and consuming habits and start SAVING. We also need the fed to raise interest rates to strengthen our dollar (and dont fed me the argument that a weak dollar is good for exporting, overall it hurts the American economy and business). In addition, our huge national debt is driving our dollar down.

The root of our problems in the future is the dollar and that is what we must fix before we improve as a nation!