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Forums - Politics Discussion - Gas is 1.89 in my area, what are the ripple effects of this era of cheap gas in America?

Leadified on 04 January 2015
WagnerPaiva said:
spurgeonryan said:


lol, then we fuel are 10,000 nukes up and send them to each city in Russia that has more than 100 people in it, fire bomb the rest and get the oil there for ourselves.

 

So a nuke attack would be bad.

Not really, if Russia get key points of America, there will be no reaction. Like Washington DC, NY, Los Angeles and every city where there are nukes stationed. Pretty much all US nukes will explode on the ground.

The stations are spread wide across the US and if those are ever rendered unusable then the US can always strike back from hidden nuclear submarines and "Looking Glass".  An attack on the US would also trigger a response from the UK and France against Russia.  A nuke attack would be a very bad idea indeed.



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the2real4mafol on 04 January 2015

Meanwhile in the UK, it makes marginal difference. Prices have fallen but no where nears as dramatically. It was £1.25/ Litre but now £1.07/ Litre. But over here, 70% of the petrol price is tax of some kind.

But to be honest, I think we need some deflation. Pay is stagnant and likely to stay that way, so any inflation is really worse.

I think alot of oil producing countries (except Saudi Arabia and maybe the UAE) will be hurt by the falling oil prices though. In the west, cheap fuel may help stimulate the economy but unless there is a shift back to more manufacturing here. I think the economy will remain hurt. The housing market and the debt from it, helps no one in the long run



Xbox One, PS4 and Switch (+ Many Retro Consoles)

'When the people are being beaten with a stick, they are not much happier if it is called the people's stick'- Mikhail Bakunin

Prediction: Switch will sell better than Wii U Lifetime Sales by Jan 1st 2018

the2real4mafol on 04 January 2015
irstupid said:
Burning Typhoon said:
Fracking is going to destroy the land. But hey, at least gas is cheap, right. People are stupid as they always have been. So enjoy your cheap gas, and enjoy the consequence later.

The price of gas has absolutely nothing to do with Fracking.

It's mainly Saudi Arabia selling oil for super cheap.  Hell these cheap gas prices will probably put american companies doing the Fracking out of business cause fracking is not cheap and at oil prices at what htey are now, they won't make any money.

I hope so because fracking is fucking awful and those arsehole companies aren't welcome in the UK! Oil is dirty but at least it is possible to clean it up, fracking does irreversable damage if something goes wrong. 



Xbox One, PS4 and Switch (+ Many Retro Consoles)

'When the people are being beaten with a stick, they are not much happier if it is called the people's stick'- Mikhail Bakunin

Prediction: Switch will sell better than Wii U Lifetime Sales by Jan 1st 2018

the2real4mafol on 04 January 2015

the2real4mafol said:
Meanwhile in the UK, it makes marginal difference. Prices have fallen but no where nears as dramatically. It was £1.25/ Litre but now £1.07/ Litre. But over here, 70% of the petrol price is tax of some kind.

But to be honest, I think we need some deflation. Pay is stagnant and likely to stay that way, so any inflation is really worse.

I think alot of oil producing countries (except Saudi Arabia and maybe the UAE) will be hurt by the falling oil prices though. In the west, cheap fuel may help stimulate the economy but unless there is a shift back to more manufacturing here. I think the economy will remain hurt. The housing market and the debt from it, helps no one in the long run.

Also, lucky Scotland didn't go for independence after all. They would be screwed now





Xbox One, PS4 and Switch (+ Many Retro Consoles)

'When the people are being beaten with a stick, they are not much happier if it is called the people's stick'- Mikhail Bakunin

Prediction: Switch will sell better than Wii U Lifetime Sales by Jan 1st 2018

Wagram on 04 January 2015

Pretty nice for us honestly. It means less money spent on gasoline and more money to put food on the table.



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Cobretti2 on 04 January 2015
spurgeonryan said:
Cobretti2 said:
$5 a gallon is cheap

What you paying now is pocket change.


I have never paid 5 dollars a gallon @_o


you wrote $5 in your OP.



 

 

generic-user-1 on 04 January 2015
the2real4mafol said:
Meanwhile in the UK, it makes marginal difference. Prices have fallen but no where nears as dramatically. It was £1.25/ Litre but now £1.07/ Litre. But over here, 70% of the petrol price is tax of some kind.

But to be honest, I think we need some deflation. Pay is stagnant and likely to stay that way, so any inflation is really worse.

I think alot of oil producing countries (except Saudi Arabia and maybe the UAE) will be hurt by the falling oil prices though. In the west, cheap fuel may help stimulate the economy but unless there is a shift back to more manufacturing here. I think the economy will remain hurt. The housing market and the debt from it, helps no one in the long run


well its good for centraleurope. but we need more, we have to build a lot of solar in southern europe asap, they bleed a bit less now wit low oil prices, but energie imports are still the biggest problem for southern europe. and its heavy deflationary force in europe, not so much in the noneoil states of the us. europe changed the drivingbehaviour not just because the gas prices went up. the people will not drive alot more because of cheaper gas here, so they have a lot more money. this kind of deflation means no harm because the people will buy other things. the inflation is still there, just overshadowed by a short time deflationary force its realy hurting the us, the russians dont have so big problems, they have enough fresh dolars to buy from outside what they need, and the oilprice didnt went down in rubel, the rubel went down too, so it doesnt matter much inside. in the us on the other hand the oilprice does hurt. loss of a lot of well payed jobs, and a lot of defaulting small oil companys with huge debt.

Pipedream24 on 04 January 2015
BraveNewWorld said:
Chris Hu said:
Well it all good but I still remember when it was less then a dollar in the late 80s and most of the 90s (moved to the US in 1988). Milk went up a lot though less then a year ago there where still some places where you could get a gallon for 99 cents or $1.49 and most places had it for under 2 dollars. Right now the cheapest milk in my area is $2.59 for a gallon at Aldi.


Gas only seems cheaper back in the day because of inflation.

$1 in 1970 = $6.09 in 2014
$1 in 1975 = $4.39 in 2014
$1 in 1980 = $2.87 in 2014
$1 in 1985 = $2.19 in 2014
$1 in 1990 = $1.81 in 2014
$1 in 1995 = $1.55 in 2014
$1 in 2000 = $1.37 in 2014
$1 in 2005 = $1.21 in 2014

Gas was cheaper back in the day. When I received my license in 1994 gas was 79 cents a gallon. So it is still relatively more expensive at the current level.



SvennoJ on 04 January 2015
MikeRox said:
SvennoJ said:
Last time I got gas it was down to 96 cents a liter (Canada) (was near 1.50 before)

That can't be good for the economy. Revenues from exporting the expensive to mine oil sands are down. The environment will suffer most as budget cuts will be made. Alternative energy solutions will also be put on hold as they are much less competitive now.


Bad for oil exporting countries/provinces, bad for the environment, good for everyone else.


It's a welcome relief to a lot of people in the UK. It was up to £1.36 a litre at one point, it's now dropped down to £1.09 where I am ($1.96 cad) which should hopefully help bring the general cost of living down a bit.

It will reduce government revenue through fuel duty, but the expectation is that any savings passed onto consumers here at the moment, will go straight back into other spending helping boost the overall economic recovery.

Awful news for the likes of Russia. The OPEC countries don't seem too concerned at the moment, I do wonder if they're trying to squeeze the shale boom etc out of the market with such cheap prices.

I don't see the long term strategy in that though. They're just burning through their oil faster. Shale and fracking will only be put on hold and be revived later. I guess they don't have a long term vision, get rich now and retire seems to be it.

We sold our hybrid at the right time when we needed a bigger car, family size. Now half the fuel efficiency doesn't feel so bad anymore. Still bad for the environment :/



Teeqoz on 05 January 2015
generic-user-1 said:
Teeqoz said:
generic-user-1 said:

It's not bad for clean energy, clean energy and oil doesn't compete, so it doesn't matter.


Clean energy and oil competes...


biofuels arent clean energie, its just another form of farmsubsidys.


I'm not talking about biofuel... Normal, traditional clean energy competes with oil.