What If Gas Cost $10 a Gallon ?

[TRFrance]

Economically speaking, there could be some tough days ahead.
Came across this interesting news article. Though I'd share it here.

From msn.com

What if gas cost $10 a gallon?

Forget pizza delivery. And cheap airfares. And bottled water. In fact, forget a way of life that looks much like today's. But would that be so bad?


By Shirley SkeelEditor's note: This is one in an occasional series of financial what-ifs.


In four years, U.S. gas prices have doubled to more than $3.70 a gallon, and crude oil has tripled to around $125 a barrel. Allowing for inflation, that's higher than prices were during the 1978–83 oil shock that triggered a recession and sky-high interest rates. But . . .


What if gas cost $10 a gallon?


Thousands of truckers would go bankrupt. Airplanes would sit idle in hangars. Restaurants and stores would shut down. Car-pooling, hybrid vehicles, scooters and inline skates would swing into vogue. And telecommuting, rooftop vegetable gardens, home cooking and recycling would proliferate.


Yes, it would be painful. At $10 a gallon, filling a Ford Explorer could cost $225. Even gassing up a Honda Civic could set you back $132.

And suddenly the bus wouldn't look so bad....

Full article here:http://articles.moneycentral.msn.com....aspx?page=all

[Hoovie]

Then it would cost over $300 for a tank of gas and folks would pay $250.00 for a basic service call in my business.

[Rhoni]

Do they still sell Schwin Bikes?

[mizpeh]

Originally Posted by Rhoni

Do they still sell Schwin Bikes?

LOL, a few minutes ago I asked my daughter where she bought her bike and how much it cost. It's a Dahon and she got it at LL Beans in Freeport. I'm thinking of driving up there and getting a bike for myself!

[Michael The Disciple]

The cities would be burning. Gangs would be breaking into houses and killing for food. Most businesses would be shut down. The main buisness would be staying alive.

[TRFrance]

Very insightful article:
America's Energy Crisis, A Self Imposed Dilemma.
Part 1 of 2

The average American is appalled at the ever escalating price of gasoline/transportation costs and the impact that these costs are having on the family budget. Further, as we're well aware, transportation costs ripple through the entire American economy on every essential commodity that we're required to purchase such as food. The latter being accentuated by an erroneous emphasis on an inefficient petroleum substitute, ethanol, which actually inhibits our attempts to achieve higher mileage standards. In an America with POTENTIALLY vast energy resources, why have we allowed ourselves to become willing victims of cartel energy piracy from highly unstable, unfriendly fanatical regimes, from whom we now import a substantial segment of our petroleum needs? Imports which continuously drain wealth from America in the form of an unfavorable balance of trade; and, conversely flow petro-dollars into the coffers of Islamofacists and others who would destroy America given the opportunity. Were it not for America's dependence on these Middle-East petroleum imports, we could conveniently extricate ourselves from this cauldron of fanaticism; and, allow the fanatics to wallow in their self imposed misery and virulent hatred for Western culture.

.....


To be certain, we CAN and we MUST achieve total energy independence; but, our Nation can only extricate ourselves from this self imposed dilemma by a broad-based, comprehensive NATIONAL ENERGY STRATEGY that BLENDS all of the elements of: conservation; major increases in transportation efficiencies, such as increased mileage standards; exploitation of our indigenous petroleum resources; fast-tracking of regulatory criteria; a significant expansion of our refinery facilities; major investments in nuclear energy; supplementation of our electrical grid with solar, wind, geo-thermal, and hydro technologies; and, a major investment in Research and Development to bring a Hydrogen and Fusion based economy to fruition. Unfortunately, to dig ourselves out of this self-created coffin-corner will require TIME. Time which simply means that, in the interim, we must protect our access to unstable Middle East suppliers until we bring our own assets on line. The latter exigency which could readily be scuttled by the Cut-And-Run crowd on Iraq. The regional chaos which would be precipitated by Iran subsequent to a precipitous American withdrawal from Iraq would make the current cost-escalation in energy supplies from the Middle East seem like the Golden Age of Yesteryear by comparison; and, most certainly would induce a much wider conflict/conflagration. The myopia of the Left on these circumstances is astounding. As history has repeatedly taught with grim consequences, PEACE and STABILITY are won only THRU STRENGTH; and, NOT THRU the nebulous psychosis of HOPE.

http://www.nashvillecitypaper.com/mo....php?postid=30

[StillStanding]

If the Arabs want to bring America to it's knees, this is how to do it!

[CC1]

Originally Posted by TRFrance

Very insightful article:
America's Energy Crisis, A Self Imposed Dilemma.
Part 1 of 2

America originated nuclear power; and yet, we produce only 20% of our domestic electrical energy from the nuclear option while countries such as France produce 78%, and have programmed significantly more, dramatically reducing their dependence on fossil fuels. The safety issue on nuclear power is a non-sequitur given the hundreds of thousands of operating hours on U.S. Naval nuclear propulsion systems without incident. But yet, LEFT-WING FRINGE ELEMENTS in our society THAT COMPRISE A SIGNIFICANT PORTION OF THE BASE OF THE DEMOCRAT PARTY have for 30yrs. managed to bring America's nuclear industry to a standstill.

Our Nation possesses an abundance of untapped petroleum reserves off our coastlines; in the Alaskan wilderness; and, in the form of hi-quality shale oil in the Rocky Mountain region where we have the equivalent of ten(10) Saudi Arabia's in recoverable reserves. And yet, we have permitted LEFT-WING FRINGE ELEMENTS to inhibit our access to such deposits. The incredible irony is that the CHICOM are exploring for oil 45miles South of Key West, while we have prohibited ourselves from exploiting the same resources. Had Bill Clinton, in '95, not vetoed the Republican controlled Senate approval of drilling in ANWAR, exploration which has been previously proven to be beneficial to the Alaskan Caribou herds, we would have had an additional one million barrels of domestic oil production on-line TODAY; and, a concurrent reduction in the at-pump price of gasoline of $1/gallon. Further, there is an inherent synergy to be exploited between Nuclear Power and Shale Oil Extraction. Concurrently, Hillary Clinton and Barrack Obama, ensconced in their own vision of scuttling fossil fuels, have both pledged to confiscate the profits of America's Energy Companies. A move that would cripple our capacity to explore/develop additional petroleum reserves; greatly exacerbate our dependence on foreign sources; and, dramatically further increase the price of fuel at the pump.

.

http://www.nashvillecitypaper.com/mo....php?postid=30

I clearly remember eight years ago when President Bush was trying to get Congress to authorize drilling in ANWAR and the critics said we didn't need to because "it would be about ten years before any oil would pump".

If we had done that back then about one million barrells a day of additional oil would be coming on line in the supply chain about now.

[TRFrance]

America's Energy Crisis, A Self Imposed Dilemma.
Part 2 of 2


.........


The ability to restore our Nation's status; and, to sustain this Sacred Land that the RATIONAL MAJORITY so proudly calls AMERICA, resides in your hands at the ballot box.

GREG NEUBECK

http://www.nashvillecitypaper.com/mo....php?postid=30[/quote]

[TRFrance]

Its crazy to think that one day we may well look back on these days of $4 a gallon gas as being "the good old days"!


And to think, a few years ago I was griping when gas hit $2.25.