Fuel will rise to $5 even $6 a gallon.

[ata]

and how much do those Chinese folks pay for a gallon of diesel? Is it equivalent to $4-$5

I don't know what they pay in China. But if you look around Canada, Europe or heck even Hawaii our fuel price here in the 48 are CHEEP compared to most of the world. I don't like paying $4. 00 plus a gallon anymore than anybody else. Buy my problem is sending all our money to the Middle East. We need to use our oil and gas and hope some of the money stays here. Some day we are going to get in another squeese from the Middle East and we won't have a back-up and it will take to long to get our production up and running if we don't get it done now. If you were not driving in 1970 you really don't know what a fuel shortage is. I think it was 70 but it could have been 69 or 71. If you didn't know someone that owned a gas station you were looking for rides.

 

[rscurtis]

The first gas crisis was in 1973, IIRC, and there was another small one in 1979. There were odd and even fill days depending on your plate #. I did know someone who owned a gas station and that was helpful. Also, many cars of that era never saw 10 MPG, as rudimentary emission controls were coming into effect. A HD PU like our Rams would never see 10 MPG and could barely go up a hill.

 

[HBarlow]

With the exception of our neighbors in Canada, we are unique in our motor fuel needs because the US is a very large country and we are a nation of people on wheels accustomed to long travel distances and often required to travel long distances by our personal circumstances.

 

[WCPoe]

We better wake up or we're not going to make it.

The first gas crisis was in 1973, IIRC, and there was another small one in 1979. There were odd and even fill days depending on your plate #. I did know someone who owned a gas station and that was helpful. Also, many cars of that era never saw 10 MPG, as rudimentary emission controls were coming into effect. A HD PU like our Rams would never see 10 MPG and could barely go up a hill.

Yep, I remember it well. Out of school about a year and was working at what I thought was going to be a great engineering career with "Government Motors". In short order, I was on the streets as demand for the fuel sucking vehicles dropped to next to nothing. What do think will happen if Israel and Iran square off?? I still say we had better put our shovels in the ground and get our own supply up and running or suffer the consequences of not learning from history.

And yes that global demand may push the prices up but at least you won't be pushing your vehicle to get it to roll. As I said earlier, develope our oil and heavily tax the oil exportation letting the likes of China pay us and remove some of that "debt" we owe them. Otherwise that debt is going to crush the USA as we know it.



From Wikipedia --->



The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC (consisting of the Arab members of OPEC, plus Egypt, Syria and Tunisia) proclaimed an oil embargo. This was in response to the U. S. decision to re-supply the Israeli military during the Yom Kippur war. [1] It lasted until March 1974. [2] With the U. S. actions seen as initiating the oil embargo and the long term possibility of high oil prices, disrupted supply, and recession, a strong rift was created within NATO. Additionally, some European nations and Japan sought to disassociate themselves from the U. S. Middle East policy. Arab oil producers had also linked the end of the embargo with successful U. S. efforts to create peace in the Middle East, which complicated the situation. To address these developments, the Nixon Administration began parallel negotiations with both Arab oil producers to end the embargo, and with Egypt, Syria, and Israel to arrange an Israeli pull back from the Sinai and the Golan Heights after the fighting stopped. By January 18, 1974, Secretary of State Henry Kissinger had negotiated an Israeli troop withdrawal from parts of the Sinai. The promise of a negotiated settlement between Israel and Syria was sufficient to convince Arab oil producers to lift the embargo in March 1974. By May, Israel agreed to withdraw from some parts of the Golan Heights. [2]



Independently, the OAPEC members agreed to use their leverage over the world price setting mechanism for oil to stabilize their real incomes by raising world oil prices. This action followed several years of steep income declines after the recent failure of negotiations with the major Western oil companies earlier in the month.



Industrialized economies relied on crude oil, and OAPEC was their predominant supplier. Because of the dramatic inflation experienced during this period, a popular economic theory has been that these price increases were to blame, as being suppressive of economic activity. A minority dissenting opinion questions the causal relationship described by this theory. [3] The targeted countries responded with a wide variety of new, and mostly permanent, initiatives to contain their further dependency. The 1973 "oil price shock", along with the 1973–1974 stock market crash, have been regarded as the first event since the Great Depression to have a persistent economic effect. [4]



You folks keep forcing me to get on my soapbox.

:-laf



--

 

[HBarlow]

Yep, if our muslim dictator is reelected, if not just before, Netanyahu will take down the Iranian nuke capacity and a big worldwide crude shortage will result. We will be doing a lot of walking and waiting in fuel lines.

I don't think the former is going to happen and my confidence is growing slightly each day but a lot could happen between now and next January.

 

[BIGNASTY]

Ok,Ok, --- I keep hearing everyone say that if we improve and develope our oil domestic oil resources the global demand just steps in. Either it's exported or we pay the global market price. I think we should fully develop our resources to ensure our independence, security and on oil that get exported it gets taxed accordingly so those foreign interests will help pay down our debt. What's so hard about that. It's just leveling the playing field. China is fixing their prices to their benefit and our loss. Let's get smart about this.

Come on people let's stop paying the global price and funding the Jihad effort and use what resources we have to be the world power we should be. Ok, I'm ready I got my flame suit on. Let 'er rip.

I haven't looked in awhile but it use to be that OUR farmers even-thou they are not producing anywhere near what they could, still feed a bunch of the world. Lets see how bad do YOU WANT TO EAT trade you some food for some oil. When their A** starts eating their underwear they will cough up oil AND FAST.

 

[WCPoe]

I haven't looked in awhile but it use to be that OUR farmers even-thou they are not producing anywhere near what they could, still feed a bunch of the world. Lets see how bad do YOU WANT TO EAT trade you some food for some oil. When their A** starts eating their underwear they will cough up oil AND FAST.

BIG - The problem we have is that the portion of the world we're feeding now really isn't paying anything. Remember the "Good Ol' USA" gives more to the rest of the world than anyone else. It's just a shame that the other idealogies of the world just don't get it. I think it's a power jealously thing. Heck we sent millions of dollars and all kinds of material aid to Haiti and little if any of it went to the people who needed it. I couild just cry :{

 

[dkoldno7]

I think we need to stop the presses and not let the dollar value slide any more. This will take a change of leadership ,what is the real value of a dollar in oil???? just my 2cts