Can someone explaing to me why $3/gallon is ok?

[undeterred]

We all know its going to drive up the price of everything else. We all know its not the retailers who are price gouging, but the fat cats at the top. Do they really think that we should just suck it up?

[mdmc]

1. the only game in town - gas

Hugo has it right - gas is underpriced. If you need it, you will pay.

[sam sarrha]

2. ... because it isnt $6 ...yet

[Savannah Progressive]

3. When it comes to saving the earth from Fossil Fuel destruction,

is $3 a gallon too little?

We have all seen the photos that clearly demonstrate the shrinking of the ice caps, the recession of glaciers, and the destruction of thousands of species of plants and animals. If raising the price to $3 or even $4 will reduce the production of greenhouse gasses, and possibly reverse the Global Warming trends, then the real question is is it too little?

Additionally it makes projects like the Cape Wind Farm more fiscally feasable, and you can expect more interest in Solar and Geothermal in the near future. We have long said that we pay much less for Gas than European nations, and if we paid as much we would drive much less.

[Mojorabbit]

8. My solar freezer is being hooked up as we speak! eom

[Aviation Pro]

4. And can someone please explain to me how....

...a family with an average income of 26K/year (where I live) can afford to survive with the price of gas and the ancillary rise in prices that accompanies increased energy costs.

I guess you need to be an Asshole to understand how to break the primal law of economics.

[stray cat]

5. Oil is a limited resource that means it will get more expensive.

I resent the fat cats on top but we have an oil administration. The way to stop the price increase is to stop buying gas and thats going to be impossible for many people if they want to hold on to jobs.

[Savannah Progressive]

14. People will find alternatives

Some will start to Car Pool, others will use busses, or other public transit options.

For those of you who do commute every day, look around, is there a co-worker who lives near you? Talk to them, see if they are open to car pooling or sharing a ride, split the gas costs that way. They drive one week, you the next, or more in some cases.

We are setting up those options here, among ourselvs, and while it lasts, it should halve the amount of gas (and the amount of Global Warming gasses being created) burned to get us to work. I think this has the potential to help people conserve more gas, and help the environment.

Like you I wish the fat cats wouldn't get the money, but if we are able to help people start to combine trips, get more fuel efficient cars, car pool, and otherwise reduce the damage to the environment, as well as look at alternative energy options seriously for once, then it's a good thing in the long run.

If by car pooling and trip combinations, we can reduce total gasoline usage by 10%, then we can minimize their profits in the future, and with hybrid electric cars becomming more reasonably priced alternatives, we can help our earth by reducing our damage to her.

[lectrobyte]

6. Who says it's ok? Time for some windfall profits taxes on some oil

companies IMHO.

[Jayhawk Lib]

7. That will not reduce the price of gas one cent....nt

[AndyTiedye]

9. No, But It Could Be Used to Fund Transit and Fuel Assistance

[Jayhawk Lib]

10. NO WAY!!

This is a bubble and it will burst.

[NickB79]

11. The oil "bubble" will not burst

It may fall to $60, then spike up to $100, then fall again as demand destruction ensues, but oil will now always remain expensive and volatile. If Peak Oil theory is correct, it will only get worse from here on out.

[Jayhawk Lib]

13. You may be right.

If that is the case, that will drive the technology for alternative sources for energy.

Greed is really not bad. Greed is the grease for wheel for accomplishing things. The longer the price stays up the more incentive there will be for developing alternatives.

I do not really believe the peak oil theory. There is still a lot of places where there is oil. I believe the peak in finding the easy oil may be here. Greed will lubricate the wheel to mine the oil in the more difficult regions.

Do not tell me to go to the peak oil sites because I have already been to there.

[depakid]

17. Science isn't your state's strongpoint

so it doesn't surprise me at all to hear you say that- or parrot shallow "economic" arguments.

[Jayhawk Lib]

21. If you do not have an intelligent counterpoint

you TRY to insult the debater. I stand by what I said. You have added nothing to enlighten me on the subject.

The economic arguments are definitely not shallow. Apparently much deeper than you can comprehend...

[depakid]

22. No real reason to try

Hubbert's analysis is clear- and the models have been proven. As to economics- prices don't make much difference if the resources aren't there. "Strong beliefs" are just a sort of magical type thinking- and the same holds true for arguments about substitutability (and other neoclassical fallicies).

The reasons for that are in my sig line....

[AndyTiedye]

12. So If Prices Drop, We won't Need the Fuel Assistance So Much…

…and if we get some rail lines built/upgraded in the meanwhile, maybe prices won't go up again quite so fast.

[Jayhawk Lib]

15. You are quite right.

[depakid]

16. Maybe you should ask someone in Britain or Eurpoe

how much "less subsidized" petrol costs....

[Nikia]

18. The demand curve

People will not decrease the amount of gas that they buy very much with increased costs. That is because many people have to use a certain amount of gas for things like commuting to work. Even more so, comapanies are usually dependent on it in order to deliver their products to consumers.

[Bushy Being Born]

19. Because they pay twice that in Europe?

n/t

[Neil Lisst]

20. Yes. I explain it in my 8 part cartoon coming UP at midnight.

I think you will find that in 8 frames I will explain what happened.

stay tuned!!

[NuttyFluffers]

23. because if your car ran on Visine it'd be $512 a gallon

or some other insipid non sequitor from the media. :sarcasm: