Gas prices are increasing so I was wondering how high do you think they will go?
And also, I can’t seem to wrap my mind around this but if gas prices increase and more people cancel their summer plans to save money, how will that result in a profit?
I just don’t understand. I mean, if gas prices go to $8/gal for example, more people will start using public transportation and not cars. So how do you get a profit?
In my area Fuel is just under $5 gal. When it goes above $5.50 to $6 – the economy will start falling quickly, housing markets will spiral down and roads will be easy to travel on, plus trucking companies will bankrupt, goods & foods harder to get.
Yahoo Liberals won’t allow my question to be posted – check my questions = never posted.
Example question:
Could this be a reason for High Fuel Prices?
Obama Underwrites Offshore Drilling
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
"The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees."
U.S. Government Loaned Mexican Government More Than $1 Billion to Drill Oil in Gulf of Mexico Last Year; Has $1 Billion More Planned For This Year
http://cnsnews.com/news/article/72342
Drilling in the Gulf is OK’d for Brazil, Mexico, Cuba, China, Venezuela etc. BUT NOT for ALL US Companies!
Petrobras Gets OK to Produce Oil, Gas in Gulf of Mexico
http://www.laht.com/article.asp?ArticleId=389858&CategoryId=14090
Obama Administration Blocking 103 Gulf Drilling Permits
http://biggovernment.com/rbluey/2011/02/03/obama-administration-blocking-103-gulf-drilling-permits/
The Government FINALLY Issued 5 permits
Those New Gulf Oil-Drilling Permits? Not So New
http://blogs.forbes.com/jeffmcmahon/2011/03/25/those-new-gulf-oil-drilling-permits-not-so-new/
The ACLU – Still could block these 5 permits.