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Prepare for death in the streets then.
Anything more than $4/gallon will set the population off, IMHO.
If this is the case, how does the U.S. economy NOT go into a deep recession?
That will certainly be a millstone around Baraq’s neck come election time. To me it’s a classic case of chickens coming home to roost, because this is exactly what liberals want to force us out of private cars, but are too gutless too pass taxes to accomplish overtly.
Of course to the MSM it will be all due to greedy big oil.
(stolen from another FreepeR who's name I forget)
You cannot attack, demonize and hamper the domestic oil industry and not have high gas prices.
Good, Obama and the rest of the Dems will be removed from office/fail of re-election over this (as, partially, the Republicans were in 2006 and 2008).
In the meantime, I’ll be running my motorcycle and getting a diesel truck to run on waste vegetable oil. Don’t know what all those people in blue states will be doing - probably starving as they can’t afford to go to work. Couldn’t care less at this point.
Inflation -the cruelest tax of all!
Along with ‘Katie, bar the door’ fuel prices, expect all other commodity costs to increase.
When we had $4 gas, we also had $7 corn! Ag round tables say we can see $8-$9 corn and 16-18 dollar beans.
When the value of the dollar drops due to QE, what did you expect to happen?
Now, excuse me while I go to increase my fuel surcharge...
That will play right into Sarah Palin’s hands.
Can you imagine how loudly the press would be screaming if Bush was in the White House? As it is, nobody would even know about this if they didn’t have to pay their oil bills or gas up their cars.
And a few Freepers made fun of me for riding a bike, owning a moped and driving a Geo Metro....
Mike Jackson (formerly Michale Jackson) of Carmax has been pushing for $5 a gallon gasoline for years.
This is just aristocrats (though jackson is more midlevel aristocrat) pushing to control serfs.
Sounds about right actually.
Cold Winter bringing up demand.
Absolute refusal by administration to allow drilling.
Speculators with nothing else to do with their money speculating on energy.
Government that endorses any and all reasons to shove it up America’s butt.
$5.00 sounds reasonable to me, when you look at the reason’s I have stated.. We will be Lucky if we can get it.
Should do wonders for the economy, but as long as Golf carts run on electricity, Obama wont care.
I say bring it on!
Its just more fearmongering.
This is nuts! Real Americans will never stand for this. Even the dem-o-nuts will abandon their beloved ZERO if this happens.
Barry is doing cartwheels over this happy news.
Well, yeah!
The constant debasement of our dollar means that all imported goods cost more. And thanks to our glorious government, most of our oil is imported.
Now, if you measure the value of oil against the value of gold, you’d see a different story.
When that happens guess what? All those local/state/federal gas taxes will drop like the proverbial stone. Lets see how loud they yell over that.