[bruin]

Americans are going broke over oil. Craigslist and ebay are full of junk from people trying to fill their tank. Truckers are losing money hauling bottled water from one side of the country to the other.

We're just getting started folks. This is all a slow moving train wreck and the decline will take years but will keep getting worse as the price of oil keeps going up.

[emersonbiggins]

$this->bbcode_second_pass_quote('bruin', '[')img]http://i.cdn.turner.com/cnn/2008/images/04/30/gall.truck.dc.gi.jpg[/img]

[Last_Laff]

[frankthetank]

Best looking truck i've seen in a long time.

[joeltrout]

Maybe Americans won't take all those years of cheap oil for granted now. What goes around comes around.

joeltrout

[Denny]

You can't blame oil for the woes, you have to blame people's actions. People can adapt, and in fact, we have had years of warnings. Other nations are suffering somewhat, but generally taking it in stride. A measure of optimism is that prosperous places like Grmany and Japan seem to vbe doing okay, despite living with consumer energy prices twice what we are used to.

We can survive and thrive.

Just think of all the growth businesses that can come out of high oil prices:

Wind power
Scooters to take the place of cars for personal commuting
Manufacture of trains to replace aircraft for intercity travel
An enormous infrastructure that goes with rail replacing trucking.
Same for passenger traffic taking the place of aircraft
Moving bulky goods manufacture to North America - furniture, etc.
More use of river barges to move commodities
Perhaps nautural gas to repalce gasoline to power automobiles
New construction jobs within inner cities as people commute less

We are only seeing the cup half empty, its also half full!

In essence the high oil prices, if sustained, will bring about a revolution in lifetyles and economics. In turn, those bring the promise of new jobs and new investment opportunities.

[joeltrout]

$this->bbcode_second_pass_quote('Denny', 'Y')ou can't blame oil for the woes, you have to blame people's actions. People can adapt, and in fact, we have had years of warnings. Other nations are suffering somewhat, but generally taking it in stride. A measure of optimism is that prosperous places like Grmany and Japan seem to vbe doing okay, despite living with consumer energy prices twice what we are used to.

We can survive and thrive.

Just think of all the growth businesses that can come out of high oil prices:

Wind power
Scooters to take the place of cars for personal commuting
Manufacture of trains to replace aircraft for intercity travel
An enormous infrastructure that goes with rail replacing trucking.
Same for passenger traffic taking the place of aircraft
Moving bulky goods manufacture to North America - furniture, etc.
More use of river barges to move commodities
Perhaps nautural gas to repalce gasoline to power automobiles
New construction jobs within inner cities as people commute less

We are only seeing the cup half empty, its also half full!

In essence the high oil prices, if sustained, will bring about a revolution in lifetyles and economics. In turn, those bring the promise of new jobs and new investment opportunities.

[IanC]

Man, do I feel sorry for whoever has to be president next.

True, there is enough work to be done to keep us occupied as we adjust to super-high oil prices, but we'll never be as rich, mobile, and well fed as we are now.

-Ian

[Cashmere]

America going broke because Americans, through their elected leaders, spend money like drunken sailors.

[jlw61]

Americans have been buying crap on their credit cards for so long they don't realize the problem, let alone the solution.

Get rid of credit cards.
Get out of debt.
Learn to live without so much crap.
Save money.

My wife and I got rid of the cards, the extra car, and a lot of things we realized we didn't need. After less then 2 years, we're in better condition than people we used to consider better off than ourselves.

[3aidlillahi]

$this->bbcode_second_pass_quote('Cashmere', 'A')merica going broke because Americans, through their elected leaders, spend money like drunken sailors.

[shortonoil]

$120 oil is costing the US $690 billion per year, at this point almost our entire current account deficit! The money to buy this oil has to be borrowed , and then interest must be paid on the sums borrowed. This is happening as foreign investors increasing shun US equities and bonds. Private foreign investment is now almost zero, and only foreign central banks and SWF are buying US treasuries. These they are buying in ever decreasing amounts.

Oil is not just driving America broke, it has driven America broke. At the present time almost every bank in the nation is insolvent; they have an equity position of negative $90 billion and its growing downward rapidly. It is just a brief matter of time before Joe Average follows the financial industry into bankruptcy.

[mos6507]

$this->bbcode_second_pass_quote('Denny', 'Y')ou can't blame oil for the woes, you have to blame people's actions. People can adapt, and in fact, we have had years of warnings. Other nations are suffering somewhat, but generally taking it in stride. A measure of optimism is that prosperous places like Grmany and Japan seem to vbe doing okay, despite living with consumer energy prices twice what we are used to.

We can survive and thrive.

Just think of all the growth businesses that can come out of high oil prices:

Wind power
Scooters to take the place of cars for personal commuting
Manufacture of trains to replace aircraft for intercity travel
An enormous infrastructure that goes with rail replacing trucking.
Same for passenger traffic taking the place of aircraft
Moving bulky goods manufacture to North America - furniture, etc.
More use of river barges to move commodities
Perhaps nautural gas to repalce gasoline to power automobiles
New construction jobs within inner cities as people commute less

We are only seeing the cup half empty, its also half full!

In essence the high oil prices, if sustained, will bring about a revolution in lifetyles and economics. In turn, those bring the promise of new jobs and new investment opportunities.

[gampy]

$this->bbcode_second_pass_quote('Denny', '
')In essence the high oil prices, if sustained, will bring about a revolution in lifetyles and economics. In turn, those bring the promise of new jobs and new investment opportunities.

[TheDude]

Even zombies like Macs.

$this->bbcode_second_pass_quote('', 'S')cooters to take the place of cars for personal commuting

[cube]

This situation is called over-capacity.
The only "solution" is to let these truck drivers go out of business.
Whoever survives can pick up enough customers to operate a profitable business.

The purpose of free market capitalism is generate profits, not losses. It seems that everybody is asking for a government bail out these days. First it was the bankers and now it's the truckers. They're using the same tired argument: "you must bail us out because you cannot afford to lose us."

my reply would be, "Folks if we really needed your services that badly we would of paid for them. The fact that we're NOT suggests that we really can do without you!" ---> I never knew bankers and truckers would have something in common.

[Denny]

$this->bbcode_second_pass_quote('TheDude', '
')$this->bbcode_second_pass_quote('', 'P')erhaps nautural gas to repalce gasoline to power automobiles

[bodigami]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Denny', '(')...)
We are only seeing the cup half empty, its also half full!

In essence the high oil prices, if sustained, will bring about a revolution in lifetyles and economics. In turn, those bring the promise of new jobs and new investment opportunities.

[bodigami]

$this->bbcode_second_pass_quote('cube', 'T')his situation is called over-capacity.
The only "solution" is to let these truck drivers go out of business.
Whoever survives can pick up enough customers to operate a profitable business.

The purpose of free market capitalism is generate profits, not losses. It seems that everybody is asking for a government bail out these days. First it was the bankers and now it's the truckers. They're using the same tired argument: "you must bail us out because you cannot afford to lose us."

my reply would be, "Folks if we really needed your services that badly we would of paid for them. The fact that we're NOT suggests that we really can do without you!" ---> I never knew bankers and truckers would have something in common.