Falling (crashing) Gas Prices

[EZ]

?

 

[Joshua Caldwell]

!

 

[Dustoff]

 

[ElioDigger]

what comes down will go back up...

 

[Mrtoycrazy]

Got it for $2.43 in Monroe Ga. yesterday. I know they say it hurts the small oil producers,but gas was a dollar in 1996 in Atlanta and my pay scale hasn't gone up 400% since then,so I'm glad it's low and hope it stays there as long as possible .

 

[Jim H]

Filled up on Wednesday here in Las Cruces at Sam's Club and it was $2.21 and today it is $2.13

 

[NSTG8R]

Couldn't find the original thread this was posted in on this forum, and it was a fairly in depth article, but here's the main point as copy/pasted from the TTAC (The Truth About Cars) site.

"Enjoy the cheap gas for now, eventually it will go back up and when it does, it will go up fast and hard under the wails of peak oil, drill baby drill, and those pesky Chinese are using up the supply. Oh, it will likely put the globe back into another recession."

Full article:

http://www.thetruthaboutcars.com/2014/12/ur-turn-truth-oil/

 

[goofyone]

Couldn't find the original thread this was posted in on this forum, and it was a fairly in depth article, but here's the main point as copy/pasted from the TTAC (The Truth About Cars) site.

"Enjoy the cheap gas for now, eventually it will go back up and when it does, it will go up fast and hard under the wails of peak oil, drill baby drill, and those pesky Chinese are using up the supply. Oh, it will likely put the globe back into another recession."

Full article:

http://www.thetruthaboutcars.com/2014/12/ur-turn-truth-oil/

Unfortunately the writer is very likely correct which is not good for the economy as a whole but could prove to be very good for Elio Motors.

If/when oil prices go shooting up EM very well could be in a similar position as the Japanese auto makers were in 1970's with an inexpensive and ultra fuel efficient vehicle ready to meet the demands of consumers desperate for such an option.

 

[Kuda]

Unfortunately the writer is very likely correct which is not good for the economy as a whole but could prove to be very good for Elio Motors.

If/when oil prices go shooting up EM very well could be in a similar position as the Japanese auto makers were in 1970's with an inexpensive and ultra fuel efficient vehicle ready to meet the demands of consumers desperate for such an option.

ABCNews' 20/20 Special Report Over a Barrel, The Truth About Oil part 1

part 2 http://www.youtube.com/watch?v=aBsN9y...
part 3 http://www.youtube.com/watch?v=_1rVCo...
part 4 http://www.youtube.com/watch?v=KrEb1k...
part 5 http://www.youtube.com/watch?v=Bqv3QY...
part 6 http://www.youtube.com/watch?v=tJbK84...

 

[BilgeRat]

Thanks, G1! This was the kind of discussion I was hoping for when I posted the TTAC article link.

OPEC sent the world into recession once before, it's not impossible they could do it again...