The prices do effect all transportation which in turn trickles down to the consumer and if we stop buying, the economy becomes stagnant. anyone else see the possibility?

8/31/2005 11:13:57 PM

we've been in a depression, chief

8/31/2005 11:15:57 PM

prices go up and people cant afford shit

8/31/2005 11:16:20 PM

we have been in one before, we are not in a depression right now CHIEF

8/31/2005 11:17:13 PM

yes we are

8/31/2005 11:20:41 PM

were one step away. imagine if a big earthquake hits cali real soon or a terrorist attack.one more straw and the union is gonna fall

8/31/2005 11:34:14 PM

the saudis own 12% of america

the chinese own 30%

...

[Edited on August 31, 2005 at 11:40 PM. Reason : -]

8/31/2005 11:39:57 PM

no. recession, yes.

9/1/2005 12:07:28 AM

dear god. none of you are econ majors I hope...

9/1/2005 12:13:01 AM

A depression!?!? At 5% unemployment!?!?

9/1/2005 12:19:30 AM

5%+2 million + how many people lose a job in the next disaster (i said one more would be needed soon to trigger a dep)

9/1/2005 12:43:31 AM

Quote :

"5%+2 million + how many people lose a job in the next disaster (i said one more would be needed soon to trigger a dep)"

so... essentially 5%

9/1/2005 12:48:24 AM

Its a fact that jews own 98% of Television

9/1/2005 12:51:21 AM

i was just bullshitting those stats

i have no clue

9/1/2005 12:52:45 AM

Haha, I heard a guy on Fox News (yes I listen to see what crap they'll spew at times) talking about how high gas prices are actually a good thing because it's those oil companies who are raping the consumer who will invest that money back into the economy. I find that hard to believe. Right now I am sure they are looking to cover their ass incase of a collapse. I don't need fat cats to invest my money for me. I want cheap gas (or rather an alternative) so that I can put my money in what I want. Fuck your "trickle down economics". I just don't have that much faith in people.

9/1/2005 4:30:53 AM

in that theory, the consumers end up poor, and all corporations end up rich. those damn "fuel surcharges" are gonna go up, increasing the cost of every single product and service, and demand will go down.

9/1/2005 8:22:25 AM

It won't cause a depression unless it runs out.

We'll get a preview later this weekend.

9/1/2005 8:55:08 AM

^ True.

Right now, the problem is hoarding on the part of consumers. People are filling up their tanks when they don't need to, and there isn't enough gasoline in reserve to fill every gas tank. So the station owners are putting the price way up in hopes of disuading people from filling up when they don't need to. They are doing this because once a station, any station, is forced to close because it ran out of gas, we are going to have a panic on our hands and that will mandate gas rationing.

So the stations are trying to enforce rational behavior on everyones part, and the only means they have is high prices.

9/1/2005 9:28:13 AM

see yesterday, all the signs said 2.99 already, and i kept looking for something cheaper, but when i gave in and pulled into one, the pump was still at 2.56

is that dissuasion, or just the station hadnt really gone up yet?

9/1/2005 9:33:49 AM

Pure dissuasion. The station owners don't expect to make a lot of money this week, maybe a few thousand dollars more. That money will be eaten up by higher wholesale prices and reduced volume. That's not to say they won't bother upping the pump price because otherwise people will catch on that the two prices are different.

9/1/2005 9:56:30 AM

okay, since I'm not gonna be regocnized, I am more of a lurker......but here's some info on the gas prices some of you might not have heard or read:

http://biz.yahoo.com/ap/050901/katrina_gas_prices_hk3.html?.v=6

and in the article:

Quote :

"Herbie Howard, who owns four stations in Toledo, Ohio, and supplies gas to 17 others, spent hours on the phone hunting a decent price from his suppliers. He had to pay $3.18 a gallon -- 9 cents more than he was selling it for. "We aren't making any money," he said. "We're just minimizing our loses, but no one believes you. They think we're price gouging.""

Also, if we are in a depression, why is the S&P 500 Index nearly double it was in 95/96?


Lastly, we are not in a true oil shortage, as many people seem to think.....there is enough oil being pumped from the ground. However, the refineries can not process it quick enough to meet demand around the world. Couple that with the fact that a hurricane takes out a large percentage of the manufacturing plants for America, a temporary shortage will occur.

9/1/2005 12:14:44 PM

Don't call it a recession.

Call it a bagel.

9/2/2005 2:36:17 AM

LOOK IT'S ALL ABOUT TRICKLE DOWN ECONOMICS PEOPLE

9/2/2005 2:48:08 AM