whats diesel got to hit to stall or stop trucking.

fuel prices???? what a deal. the prices are confusing me .....i use to think it was my head itching but now i believe it's my as??????

 

the mantra of the conservatives:

privatize the profits, socialize the losses.

just what happened here.

 

um, yes, its a good move.

they are also telling you something by selling as they are.

they know its going to go down in value.

now why would it go down in value?

because they know we're headed off a cliff.

 

Trucking companies will pass the costs on to consumers who will either buy the junk trucks haul or they will not.

If they do not, the people who make the stuff will stop making the stuff.

Which will reduce the demand for energy and cause oil prices to go down. (sooner or later if enough people go bankrupt).

There isn't anything trucking companies or manufacturers can do to reduce the price of oil.

Whining about it, going on strike nor anything else will alter the fact oil companies are as greedy as anyone else and will gouge consumers as much and as often as they can. Same as any other business, including the trucking business.

The fact is oil is underpriced. The price remained relatively stable for nearly 20 years (about $1 to 1.50 a gallon for gas/diesel). Which cannot be said for most commodities including bread.

It will settle at around $5 a gallon (gas & diesel). Where it will remain until alternative energy sources are developed and widely available. If alternate energy is not developed over the next 20 years, we can expect to be paying even more as the years progress.

High prices will help the environment but they sure will put a crimp in most Americans' gas guzzling, energy wasting lifestyles.



And, the other major factor in US oil prices is the collapse of the US dollar thanks to our borrow and spend Congress (both parties) who have been shoveling tax dollars to their corporate cronies as fast as they can be borrowed.

Congress cannot effectively devaluate the dollar by 50% and expect our own economy to not suffer the consequences. Which is what they have done.

But whining about it is pointless.

 

Congress knew or should have known a few years back when they passed the laws making it much harder to declare bankruptcy that the US economy was heading south.

Of course, Washington corporate cronies do not have to worry about bankruptcy since Congress gives them all the taxpayer money they need to keep them afloat.

No nation or person can borrow his way to financial security or solvency. Which is what the US (and many consumers) has been attempting to do for the past eight years.

The next Congress WILL raise taxes to pay for the mess made by the Bush administration and his borrow and spend Congress (of both parties).

But, oil prices will continue rising for the foreseeable future and working class Americans will be out of luck if they seriously believe they are going to continue driving to the mall every other day. Or anywhere else not absolutely necessary.

And, complaining about taxes or oil prices will not alter the fact they are going to go up. Much higher than they currently are. Regardless who becomes president or which party controls Congress.

 

At the risk of seeming pretentious I'd like to say WOW sir, you really know your stuff! I would disagree with you on one point though, I think that the settlement point will be at $6.00 and we'll see that level of pricing within the next eighteen months.
rx

 

Ding ding ding ding..... there's your answer.

Absolutely correct. Now the Government and the Federal Reserve are bailing out the banks and lending institutions to the tune of hundreds of billions. 77eh, even the supposed tax refund increase is just a glorified backdoor banking bailout.

What it is doing is borrowing and spending us - and out next generations, yes generations, into debt slavery. It took the British to repay its WW2 loan of over $2 billion nearly 60 years - just figure out how long we are going to take to pay back trillions....

NEVER.

Most Americans will be out of a job. More will become homeless. Basically, its the end of the suburbs unless some emergency rail or public transit systems are implemented.

It will be worse than the Great Depression. Markedly worse.