(Ah mister BUsh! What you think about phat gold chain I buy with all of oil profits? Nice, no? And this was only from profits I make between 9am and 9:02am this morning! Hehe!)
This from today’s CNNMoney report titled “Saudi summit aims at oil prices”:
The world’s largest oil producer, stepping out of its usual role as de facto leader of OPEC, will host representatives of big oil producing nations, consumer countries and companies.The Saudis are widely believed to be concerned that escalating oil prices – crude hovered around $134 a barrel Thursday, nearly double what it cost a year ago – will cause a permanent drop in demand as consumers get more efficient…
To inject more oil into the market, Halff said the Saudis may use the meeting to arrange for special deals with refiners and others that could bring crude to market at below-market prices. The exact nature of the deals, he noted, will probably never be disclosed.
I’ll tell you the nature of the deals! The Pusher (that’s OPEC) knows the User (that’s America) is kicking the habit. What’s it gonna take to get us hooked again? $3.00/gal gas? Subsidized Ford Excursions? Ford would like that right now according to this CNNMoney report.
What do YOU think about all this? ME? I say GOOD! America you’re doing a FINE job. Get in your microcars, your hybrids, your scooters, mopeds and bicycles! Today YOUR efficiency allows YOU have the power to control this issue. Doesn’t it feel good to have power for a change?
Thanks to Danny Hooligan for this scoop!
23. June 2008 at 2:44 pm
I totally agree. America needed/needs $5 gas to get off our collective ass and do something about our out of control oil consumption.
24. June 2008 at 2:02 am
Hey,Steve
What r u doing in the “Land of the In-N-Out Burgers”? Did I miss something? Job interview? You must be getting ready for Amerivespa ’08, no? I am gonna be sidelined this year, unfortunately :(
BTW, George W. will get his boney a*s kicked in my ‘hood for wearing that ugly gold chain!
Have fun!–Lorenzo
24. June 2008 at 5:54 am
Now hold on a minute. Americans are already making rapid moves away from gas guzzling cars toward more efficient ones. It looks like gas around $3.50 a gallon is enough to get things moving.
However, changes like these take time. Not everyone can jump up and buy a new scooter or hybrid. Nor will the next generation of hybrids and more efficient cars be ready for two or three more years. Engineering takes time. Efficient cars take time. Renewable energy takes time.
We need fuel prices to stay high to keep the momentum going, but we only need them to stay over $3.50. When prices go higher, that’s taking money out of people’s pockets, money they could use to lower their consumption, and handing it to the oil companies.
I say it’s time for gas prices to go down. We still get the same benefits if they rise only gradually from here out, and we can afford to do more, too.
24. June 2008 at 5:55 am
At some point oil will get too expensive no matter what the government does about it…and then everyone will want a scooter.
24. June 2008 at 2:31 pm
Peak Scooter! It’s only a matter of time :)
24. June 2008 at 3:10 pm
Great post!
Even if gas prices drop back to $3 a gallon, people will still be strapped financially. Oil is just a small part of the equation. People and businesses are still carrying large debt loads from their free spending days during the 2002-2006 economic boom.