[Fishman]

A rose would smell the same, regardless the name. With peak oil, one would expect some countries to run up their debt and subsequently monetize it to inject stimulus into a declining economy, except this time it won't work. Welcome to peak oil, got preps?

[vtsnowedin]

$this->bbcode_second_pass_quote('Fishman', 'A') rose would smell the same, regardless the name. With peak oil, one would expect some countries to run up their debt and subsequently monetize it to inject stimulus into a declining economy, except this time it won't work. Welcome to peak oil, got preps?

[Pops]

Normalcy bias (Wiki):
People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.

The guy overlooks one thing (intentionally I'd guess) I don't get paid in ozs of au, I get paid in greenbacks...



I don't know how far unleaded can rise but by any measure that matters to anyone I know unleaded is high.

[ColossalContrarian]

With everyone blaming speculators maybe we can get he price of gasoline in terms of Apple shares because everyone knows Apple is doing so well the past few years and their success is due to the fundamentals in the economy and not speculation. /sarc

[vtsnowedin]

$this->bbcode_second_pass_quote('ColossalContrarian', 'W')ith everyone blaming speculators maybe we can get he price of gasoline in terms of Apple shares because everyone knows Apple is doing so well the past few years and their success is due to the fundamentals in the economy and not speculation. /sarc

[dinopello]

Growing suspicion that Gas Taxes will Rise. This could be the spark that ignites the REVOLT !

Seriously, people in the US do not like high gas prices. Somethings going to give.

$this->bbcode_second_pass_quote('', 'W')ith soaring debt, rising government spending and the Fiscal Cliff looming at the end of this year, there's growing speculation that State governments could target the gas pumps to gain some revenue to go towards infrastructure funding. It's a battle that no politician wants to take on directly because even the smallest increase tends to ignite the driving public.

"The States got a bit smarter, they are charging a percentage-based sales tax," says Dehaan. "Whenever gas prices go up, States win. It's their cash cow. Look for the Feds to try something similar, but it's not going to go over very well."

[ralfy]

The U.S. has no choice but to cut down heavily on spending. Otherwise, its economic pains will only worsen.

[Arthur75]

The US basically lied to itself with the "first oil shock=arab embargo" joke (when it was a direct consequence of US 1971 production peak, and US diplomacy/majors pushed for a higher barrel price)), dropped Bretton woods, moved to the petro dollar (US army protecting oil routes, oil traded in $), $ reserve currency, debt bubble initiated, OECD nations more or less joining the train.
The only sensible policy would have been an increasing volume based tax on oil/gas over the years (and this to push vehicles, infrastructure in the right direction), but now clearly way too late, collapse on the way.

[dsula]

$this->bbcode_second_pass_quote('dinopello', ' ')This could be the spark that ignites the REVOLT !

[seenmostofit]

$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('dinopello', ' ')This could be the spark that ignites the REVOLT !

[seenmostofit]

$this->bbcode_second_pass_quote('Arthur75', 'T')he US basically lied to itself with the "first oil shock=arab embargo" joke (when it was a direct consequence of US 1971 production peak, and US diplomacy/majors pushed for a higher barrel price)), dropped Bretton woods, moved to the petro dollar (US army protecting oil routes, oil traded in $), $ reserve currency, debt bubble initiated, OECD nations more or less joining the train.

[vision-master]

So shorty's idea of collapse is the World will end on 12, 21, 2012....... lsol

[dsula]

$this->bbcode_second_pass_quote('seenmostofit', '')$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('dinopello', ' ')This could be the spark that ignites the REVOLT !

[seenmostofit]

$this->bbcode_second_pass_quote('vision-master', 'S')o shorty's idea of collapse is the World will end on 12, 21, 2012....... lsol

[dinopello]

$this->bbcode_second_pass_quote('seenmostofit', '')$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('dinopello', ' ')This could be the spark that ignites the REVOLT !

[Arthur75]

$this->bbcode_second_pass_quote('seenmostofit', '
')
Lied to itself? Ummm...no. That same decade saw the President of the most powerful country on the planet was telling us the world was running out of oil and natural gas. Are you saying he was lying to us?

[seenmostofit]

$this->bbcode_second_pass_quote('Arthur75', '')$this->bbcode_second_pass_quote('seenmostofit', '
')
Lied to itself? Ummm...no. That same decade saw the President of the most powerful country on the planet was telling us the world was running out of oil and natural gas. Are you saying he was lying to us?

[ColossalContrarian]

Any increase in gas prices would probably hurt local businesses but in the form of a tax, it would provide a cushion and give local communities a chance to invest in rail and natural gas solutions.

[Arthur75]

$this->bbcode_second_pass_quote('seenmostofit', '
')
Just because the rest of the world is/was ignorant of the US production peak isn't America's fault, certainly our President was ringing the alarm bell in 1977, and Nixon was certainly hinting after the same thing years earlier. And of course the embargo gets factored in, it was going on, but so were the claims of running out, back then the embargo and American dependence on foreign crude was quite the running out scenario. That it didn't pan out any better than the others isn't my fault, blame those who keep claiming we are running out.

[Serial_Worrier]

Professionals like me can afford $8/gallon, but the middle & working class? Good luck with that.