OT: OPEC
 

Well it is offical, OPEC will be cutting production by at least a million barrels a day starting this week. Expect the prices to go through the roof for a gallon of gas by the end of the week.

Some forcast $2.25 or more for regular UL and well over $2.50 a gallon for Super by the beginning of summer months. (June)

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This is going to hurt our economic recovery and further deepen the depths of despair for those who have already lost everything do to this economy.

This does not boad well for our pocket books.

Re: OT: OPEC
 

[ April 01, 2004, 03:28: Message edited by: Baal ]

Re: OT: OPEC
 

Baal what happened?

Re: OT: OPEC
 

Oh, stop your crying and be thankful that the US still has one of the lowest average gas prices in the world.

Or take the bus...I hear Portland has a good mass transit system.

Re: OT: OPEC
 

OPEC deals in dollars and because the dollar is so weak and interest rates are too low they need to raise prices to make up for their shortfalls - it's called inflation.

It's a really dangerous situation because these nations also loan us money to fund our deficit spending so you won't see any real pressure exerted just like you won't see any thing done about outsourcing. That's part of the reason why deficits are so bad.

Re: OT: OPEC
 

Come on hydrogen cars. Their like 15 years(probably more) off but I can dream can't I

Re: OT: OPEC
 

<font size="2" face="sans-serif, arial, verdana">I think when 50%+ of your gas price comes from taxes, which amount to being your own faultyou kinda loose the right to complain..

Re: OT: OPEC
 

You know, Atrocities, I looked at this thread and went, "I don't see any link to an article." Then I looked at the date stamp and went, "oh, April Fool's Day." So I posted to the effect that I don't believe it. But then I thought it would be inconsiderate to call an April Fool's bluff without letting some fools take the bait.

I could be wrong though.

Re: OT: OPEC
 

<font size="2" face="sans-serif, arial, verdana">http://customwire.ap.org/dynamic/sto...MPLATE=DEFAULT

Re: OT: OPEC
 

<font size="2" face="sans-serif, arial, verdana">I am crying because I enjoy going to the beach and to eastern oregon to ride my Quad with friends and family. The higher the price of gas, the less we get to do this.

And for the record, the Mass Transit in Portland, (Max and the busses) are good, but I no longer live there http://forum.shrapnelgames.com/images/icons/icon9.gif .