Gas prices
01-31-2011 | 07:09 PM
#587
Senior Member
Joined: 06-02-2006
Posts: 1,533
From: Break Away Republic of SoCal
3.57 for Shell Premium in San Diego
It'll be worse if the people revolution spreads to the OPEC countries in the GULF: kuwait, Saudi, Qatar, UAE. Kuwait is already it's increasing it's citizen's allotment of food stamps and such in an effort to quell any potential unrest.
Even if that doesn't happen, there's the growing Middle Class car owners in India and China competing for available oil resources, so our slice of the oil pie is going to get smaller and more expensive...it's inevitable high gas prices.
It'll be worse if the people revolution spreads to the OPEC countries in the GULF: kuwait, Saudi, Qatar, UAE. Kuwait is already it's increasing it's citizen's allotment of food stamps and such in an effort to quell any potential unrest.
Even if that doesn't happen, there's the growing Middle Class car owners in India and China competing for available oil resources, so our slice of the oil pie is going to get smaller and more expensive...it's inevitable high gas prices.
01-31-2011 | 07:27 PM
#588
Premium Member
Joined: 10-09-2010
Posts: 14,420
From: Tacoma
3.57 for Shell Premium in San Diego
It'll be worse if the people revolution spreads to the OPEC countries in the GULF: kuwait, Saudi, Qatar, UAE. Kuwait is already it's increasing it's citizen's allotment of food stamps and such in an effort to quell any potential unrest.
Even if that doesn't happen, there's the growing Middle Class car owners in India and China competing for available oil resources, so our slice of the oil pie is going to get smaller and more expensive...it's inevitable high gas prices.
It'll be worse if the people revolution spreads to the OPEC countries in the GULF: kuwait, Saudi, Qatar, UAE. Kuwait is already it's increasing it's citizen's allotment of food stamps and such in an effort to quell any potential unrest.
Even if that doesn't happen, there's the growing Middle Class car owners in India and China competing for available oil resources, so our slice of the oil pie is going to get smaller and more expensive...it's inevitable high gas prices.
01-31-2011 | 08:21 PM
#589
Platinum Member
Joined: 05-09-2006
Posts: 6,805
From: "Upland" Mesa, Arizona
And remember the Suez Canal (which is the shortest route east to west) is Egyptian. If that is closed because of political, turmoil, damage reasons.....ALL ships, including oil transports, would then need to travel down and around Africa.
Major increase in expense of moving product from point A to point B.
Major increase in expense of moving product from point A to point B.