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Old 11-20-2008, 06:49 PM
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Default Gas - The Problem no one thinks about

We are all happy that gas prices are falling but there is a down side to falling gas prices that no one is thinking about – I have not heard any updates on the news. You see the problem is with alternate fuels. In a nutshell alternate fuels cannot compete with gas unless gas is selling above $2.00 a gallon. Even electric cars per mile will have difficulty competing cost wise with gas under $2.00 per gallon. So I think I will make a prediction. That is that gas will level off and stay just below $2.00 a gallon for the next year.

And you all thought that we live in a free market economy. The question is – who is controlling gas prices and why? Anyone believe it is the global economy?

Also with the bail-out did you know that by the end of next year that banks (not the government) will own 1/3 of the residential housing in the USA? I think the LDS prophets warning about getting out of debt will come to mean a lot more in the coming weeks.

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Old 11-20-2008, 08:19 PM
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wasn't the price of gas the leading cause of some of the trouble we are now in ....for example.....high costs ...people not having the money pay for their monthly mortage payment..along with some other things...
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Old 11-20-2008, 08:25 PM
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I think the alternative fuel, Ethanol, is a joke. Why would you take food and make fuel? Taking food away from us to make fuel that is not as good as oil. You get a lot worse gas mileage out of Ethanol than oil. Ethanol should stop being used and give us the food back. There is a much better way to use that food. People in other countries are starving and what are we doing with it? Using it to fuel our cars! Ridiculous!
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Old 11-20-2008, 08:31 PM
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this is Mitt Romney's suggestion on the bailout of the auto makers.....

MoneyNews - Mitt Romney: Let Automakers Go Bankrupt
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Old 11-20-2008, 08:42 PM
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In some ways I agree with him. It annoyed the heck out of me that those guys rode in separate private planes to the meetings at a cost of around $20K EACH, according to the news! So they come begging for money, wearing a tuxedo, as someone put it!

On the other hand, the trickle down sure would hurt a lot of people, from auto sales people, to auto parts people, to repair people, to ...

But then, maybe it's time to bite the bullet!
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Old 11-20-2008, 09:03 PM
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Quote:
Originally Posted by Palerider View Post
this is Mitt Romney's suggestion on the bailout of the auto makers.....

MoneyNews - Mitt Romney: Let Automakers Go Bankrupt
Get ready to punch a hole in your wall. . . I agree with Romney!

I think Obama should name Romney his Secretary of Commerce. That way he'll be in his element, but at the same time can't do any damage elsewhere.

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Old 11-20-2008, 09:13 PM
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At some point in the future, gas prices will go up. At an even later date, fossil fuels will be depleted. Even with gas prices low, we need to build the infrastructure for alternative fuel production (nuclear, wind power, geothermal) and invest more in mass transit.
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Old 11-20-2008, 09:48 PM
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Quote:
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Get ready to punch a hole in your wall. . . I agree with Romney!

I think Obama should name Romney his Secretary of Commerce. That way he'll be in his element, but at the same time can't do any damage elsewhere.

Elphie
wow....scary.....why would a Pres not want someone like him in the cabinet.....I think we need someone in that position that knows how to make money....
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Old 11-20-2008, 10:18 PM
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Romney won't do it if he wants to run in 2012. Obama is smart to consider those who he is considering now, like Hillary for Secratary of State. If she accepts, she'd compromise her shot at candidacy in 2012 as well, assuming she wants it. But I digress...
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Old 11-20-2008, 10:21 PM
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Romney won't do it if he wants to run in 2012. Obama is smart to consider those who he is considering now, like Hillary for Secratary of State. If she accepts, she'd compromise her shot at candidacy in 2012 as well, assuming she wants it. But I digress...
If he does want to run.....it wouldn't matter in my mind....very few Republicans get the Union vote anyway especially the UAW
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