F... gas prices

[over the mountain]

Originally Posted by Daseal

Simple supply and demand. Some of the largest countries in the world are becoming industrialized. With the rise of demand from India and China there's no doubt prices will go up. I love how people love to preach free market and capitalism -- then bitch when oil companies charge more for gas. They should be doing what nets them the highest profit. Who here has stopped driving? I haven't. It will take a much high price to get me to quit as well.

It's time to start finding renewable energy sources. Not bitch about gas prices.

India China are taking up alot more gas. Also gas prospect buying hurts as well. Simply put, people buy up oil which drives the price up, wait alil while, then sell back the oil at the higher rate. Read an article a few years ago where a european rich guy bought a ton of oil then rented out big cargo boats and kept the barrels of oil at the dock, waited for the prices to rise then sold back the oil at a profit.

To your point about capitalism, if the prices of gas get insane then capitalism should kick in and companies will realize there is a huge high return market for alt fuel vehicles. IMO capitalism at its basic core just means if a market/company is out of whack another person/company/market will find a way to do it for cheaper.

As the gas prices go higher = people developing alt fuel vehicles increases.

One day OPEC and these oil rich countries will be hanging by a financial noose b/c they got too greedy and forced us to turn to alt fuel sources. Cant wait for the day and its coming, id give it 20 years. Not that oil will never be used, its used in everything from shoes to soap, etc.