To: MichaelP
"The dow is high, but the energy shoe has been hanging all year. What happens when average joe says SH....T! We live 40 and 50 miles from work. We drive a gmc 4x4 that gets 13 mpg and a Gran Prix that gets 20. Think we might be looking to upgrade mil;eage?"
So the problem is that people will be buying new, fuel-efficient cars? I don't see how that's going to do any harm to the market.
13 posted on
08/10/2005 3:11:29 PM PDT by
Moral Hazard
("I believe the children are the future" - Whitney Houston; "Fight the future" - X-files)
To: Moral Hazard
"So the problem is that people will be buying new, fuel-efficient cars?"
I haven't figured out how picking up a $400-500/month car payment is supposed to save me money when I'm only spending about $150/month on gas with the paid-off SUV I've got now.
16 posted on
08/10/2005 3:16:51 PM PDT by
PLMerite
("Unarmed, one can only flee from Evil. But Evil isn't overcome by fleeing from it." Jeff Cooper)
To: Moral Hazard
I takes quite a while for buying trends to influence energy consumption. In the foreseeable future, we are faced with gas costing 2.25-3.50$. I'm talking 3 years! Now think what the investing opportunities are?
Mike
17 posted on
08/10/2005 3:16:55 PM PDT by
MichaelP
To: Moral Hazard
I don't either. I'd set my sights on nothing less than 50 mpg. Keep that gas money !
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson