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US Gas Prices May Rise to $7/gallon: CIBC
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Manner of Speaking



Joined: 09 Jan 2003

PostPosted: Thu Jun 26, 2008 3:17 pm    Post subject: US Gas Prices May Rise to $7/gallon: CIBC Reply with quote

Wow. Shocked

http://wheels.ca/reviews/article/266700
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some waygug-in



Joined: 25 Jan 2003

PostPosted: Thu Jun 26, 2008 3:29 pm    Post subject: Reply with quote

Hmm. I was reading along and then I hit this part:


In Canada, more low-income Canadians have access to public transportation, therefore the adjustment will not come from them. The adjustment will come from middle class families that will start giving up the second or third cars,� he said, adding that much of the higher tax Canadians pay tends to be invested in urban transit systems.

Shocked What a load of Bull shyte!

Where in Canada is this guy talking about? Certainly not where I come from. Public transportation is almost non-existant in rural areas and these are the areas that will be hit the hardest. Doesn't matter if you are rich or poor in rural Canada, because more than likely there is no bus service.

I can't speak for other regions though, but poor old Saskatcheeewaan doesn't have much in the way of public transportation, and the tax levels are some of the highest in Canada!
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Thu Jun 26, 2008 3:34 pm    Post subject: Reply with quote

Quote:
predicting a �mass exodus� of vehicles from U.S. highways within four years


This would be very bad news for Korea which is heavily dependent on exporting cars to the US.

I have to wonder why there has not been a public outcry for the mass cloning of Thomas Edison.
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Joo Rip Gwa Rhhee



Joined: 25 May 2003

PostPosted: Thu Jun 26, 2008 3:38 pm    Post subject: Reply with quote

The US suffers cause the US did nothing about the problem for 35 years.

The US screwed itself
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some waygug-in



Joined: 25 Jan 2003

PostPosted: Thu Jun 26, 2008 3:47 pm    Post subject: Reply with quote

I never thought I'd see the day, but I actually agree with you.

Smile

Perhaps there's still hope.
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Thu Jun 26, 2008 4:05 pm    Post subject: Reply with quote

Quote:
The US suffers cause the US did nothing about the problem for 35 years.

The US screwed itself


This is true. Jimmy Carter was on the right track. I wonder who didn't follow through on his plans?
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Thu Jun 26, 2008 4:44 pm    Post subject: Reply with quote

some waygug-in wrote:
Hmm. I was reading along and then I hit this part:


In Canada, more low-income Canadians have access to public transportation, therefore the adjustment will not come from them. The adjustment will come from middle class families that will start giving up the second or third cars,� he said, adding that much of the higher tax Canadians pay tends to be invested in urban transit systems.

Shocked What a load of Bull shyte!

Where in Canada is this guy talking about? Certainly not where I come from. Public transportation is almost non-existant in rural areas and these are the areas that will be hit the hardest. Doesn't matter if you are rich or poor in rural Canada, because more than likely there is no bus service.

I can't speak for other regions though, but poor old Saskatcheeewaan doesn't have much in the way of public transportation, and the tax levels are some of the highest in Canada!


What percentage of Canada's low income earners live in Saskatchewan?
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Joo Rip Gwa Rhhee



Joined: 25 May 2003

PostPosted: Thu Jun 26, 2008 4:50 pm    Post subject: Reply with quote

Ya-ta Boy wrote:
Quote:
The US suffers cause the US did nothing about the problem for 35 years.

The US screwed itself


This is true. Jimmy Carter was on the right track. I wonder who didn't follow through on his plans?


Nixon also called for energy independence.

America has to stop being a nation of fat cats and understand what must be done in order to win. If the US puts the same effort into it that it put into World War II then it will win.
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I_Am_The_Kiwi



Joined: 10 Jun 2008

PostPosted: Thu Jun 26, 2008 4:53 pm    Post subject: Reply with quote

Does that mean youll stop driving 8L pick up trucks, and SUVs to go to the store for milk......
US thinks they pay alot for gas....look at the rest of the world! were already there.
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Joo Rip Gwa Rhhee



Joined: 25 May 2003

PostPosted: Thu Jun 26, 2008 4:56 pm    Post subject: Reply with quote

I_Am_The_Kiwi wrote:
Does that mean youll stop driving 8L pick up trucks, and SUVs to go to the store for milk......
US thinks they pay alot for gas....look at the rest of the world! were already there.


no but Americans ought to give up recreational driving.
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bacasper



Joined: 26 Mar 2007

PostPosted: Thu Jun 26, 2008 5:30 pm    Post subject: Reply with quote

Let's hope so.
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some waygug-in



Joined: 25 Jan 2003

PostPosted: Thu Jun 26, 2008 5:41 pm    Post subject: Reply with quote

mindmetoo wrote:
some waygug-in wrote:
Hmm. I was reading along and then I hit this part:


In Canada, more low-income Canadians have access to public transportation, therefore the adjustment will not come from them. The adjustment will come from middle class families that will start giving up the second or third cars,� he said, adding that much of the higher tax Canadians pay tends to be invested in urban transit systems.

Shocked What a load of Bull shyte!

Where in Canada is this guy talking about? Certainly not where I come from. Public transportation is almost non-existant in rural areas and these are the areas that will be hit the hardest. Doesn't matter if you are rich or poor in rural Canada, because more than likely there is no bus service.

I can't speak for other regions though, but poor old Saskatcheeewaan doesn't have much in the way of public transportation, and the tax levels are some of the highest in Canada!


What percentage of Canada's low income earners live in Saskatchewan?


I have no idea, but a lot have done what I did and left to find greener pastures elsewhere. This process has been going on since before I was born, Saskatchewan has always been a great exporter of its own people.

From what I saw of rural Alberta, bus service there was about the same, next to non-existant. Everyone is expected to have their own means of transportation, city folk will fare slightly better in this regard.

I also wonder what these prices will do to the agricultural sector. Many small farmers will go broke for sure.
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Manner of Speaking



Joined: 09 Jan 2003

PostPosted: Thu Jun 26, 2008 6:06 pm    Post subject: Reply with quote

Mises's thread about the suggestion of de-legalizing speculation in oil futures is interesting as well; it's an interesting suggestion in terms of a short-term reduction in oil prices. The problem, however, is whether US legislation to ban oil futures speculation will translate into market practices worldwide...certainly I hope it would do so, but it seems to me the long-term problem is that the world is running out of cheap oil (in terms of proven reserves).

some waygugin wrote:
Hmm. I was reading along and then I hit this part:


In Canada, more low-income Canadians have access to public transportation, therefore the adjustment will not come from them. The adjustment will come from middle class families that will start giving up the second or third cars,� he said, adding that much of the higher tax Canadians pay tends to be invested in urban transit systems.

What a load of Bull shyte!

Where in Canada is this guy talking about? Certainly not where I come from. Public transportation is almost non-existant in rural areas and these are the areas that will be hit the hardest. Doesn't matter if you are rich or poor in rural Canada, because more than likely there is no bus service.

I can't speak for other regions though, but poor old Saskatcheeewaan doesn't have much in the way of public transportation, and the tax levels are some of the highest in Canada!


I think you're right. It sounds like guys who write reports like this for CIBC don't get out of Toronto much. Laughing

Joo wrote:
The US suffers cause the US did nothing about the problem for 35 years.

The US screwed itself

I think part of the problem is that energy independence - i.e., import substitution of petroleum products - has always been politicized; it's been seen as a "right" (pro-production) versus "left" (pro-conservation) issue, when really it should be seen as a technical/technological issue. There's nothing really very ideological about using scarce resources more efficiently and wisely...you don't have to be either right or left to think it's a good idea.

Part of the problem, however - and some environmentalists have done a poor job of marketing this - is that conservation and alternative energy sources have been seen as too "funky"...promoted as "alternative" for alternative's sake, not just because they make good sense. I don't have to wear Birkenstocks and raise chickens in my backyard to think having solar panels on my roof is a good idea.
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nobbyken



Joined: 07 Jun 2006
Location: Yongin ^^

PostPosted: Thu Jun 26, 2008 8:47 pm    Post subject: Reply with quote

How mush is that per litre?

Been a long time since the price went over ₤4 a gallon in Northwest Scotland.
The gallon is different from the US, so can you tell us what's the actual price per litre.
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Pluto



Joined: 19 Dec 2006

PostPosted: Thu Jun 26, 2008 8:54 pm    Post subject: Reply with quote

nobbyken wrote:
How mush is that per litre?

Been a long time since the price went over ₤4 a gallon in Northwest Scotland.
The gallon is different from the US, so can you tell us what's the actual price per litre.


Gasoline is about US$1.06/L right now. 1 US gallon = 3.79L (approx)
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