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Re: Gas prices (caution this is a vent post)


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Posted by TomTex on May 24, 2008 at 05:36:44 from (12.74.220.21):

In Reply to: Gas prices (caution this is a vent post) posted by john in la on May 23, 2008 at 23:17:48:

Get used to these prices, as they will be viewed as the good ole days. China's cars are predicted to increase THIRTY FOLD in the next 10 years, and as their demand for fuel increases our price will increase. The China government subsidizes oil prices and keeps it fixed at 87 dollars per barrel, they can afford this because of selling us all that cheap junk in the Wally World stores, and from interest income on financing our deficit spending. Our fuel prices will likely be at 7 dollars per gallon in way less than 10 years. We have lost our manufacturing base, we are dependent on China products, we burn way more fuel because of letting our rail system crumble, we have deficit spent our childrens future. Oil price is a small item compared to our other problems.
Tom


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