The rich and oil

canndo

canndo

Well-Known Member
Let us suppose that circumstances fall in such a way that gasoline costs $16.00 a gallon. There are no true shortages, the price is simply the price you must pay in order to purchase gasoline. Further, let us assume that heating oil costs $10.00 a gallon.

Again, only the rich will be able to afford to casually drive from one poinit to another and in effect, a significant portion of your income must go only to your warmth and mobility. What will you do?

Will you pettition the government to help you? ask for subsidies or demand that the government artificialy drive down the price of gas?

Will you resent the rich? being that they are the only ones who now have an abundance of something you previously throught was granted to you?
 
desert dude

desert dude

Well-Known Member
canndo said:
Let us suppose that circumstances fall in such a way that gasoline costs $16.00 a gallon. There are no true shortages, the price is simply the price you must pay in order to purchase gasoline. Further, let us assume that heating oil costs $10.00 a gallon.

Again, only the rich will be able to afford to casually drive from one poinit to another and in effect, a significant portion of your income must go only to your warmth and mobility. What will you do?

Will you pettition the government to help you? ask for subsidies or demand that the government artificialy drive down the price of gas?

Will you resent the rich? being that they are the only ones who now have an abundance of something you previously throught was granted to you?
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Economics is a tough task master. Price is set by balance of supply and demand. If there are no shortages, why would price be so high? The only way for something like this to happen is through a government granted monopoly of the oil industry, or through government regulation. Why are you so slap happy about doomsday?
 
canndo

canndo

Well-Known Member
desert dude said:
Economics is a tough task master. Price is set by balance of supply and demand. If there are no shortages, why would price be so high? The only way for something like this to happen is through a government granted monopoly of the oil industry, or through government regulation. Why are you so slap happy about doomsday?
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Ok, fine, a shortage then, we can't know which government places such a price on the crude, suppose the saudis do it.


I don't see an answer though.
 
desert dude

desert dude

Well-Known Member
canndo said:
Ok, fine, a shortage then, we can't know which government places such a price on the crude, suppose the saudis do it.


I don't see an answer though.
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The US will soon be the world's largest oil producer. The Saudis (OPEC) have tried.

If there truly is a fall in supply without a commensurate fall in demand then the price of oil will rise and poor people will suffer. That IS the answer.
 
vostok

vostok

Well-Known Member
I will keep warm decomposing my fans leaves and waste products, to a huge pile in my spare room with an old car radiator in the middle as the plants waste rots to compost it heats the radiator that in turn flows to the central boiler and heats the house, if no plants to decompose then I'll use horse shit ...lol
 
SnapsProvolone

SnapsProvolone

Well-Known Member
vostok said:
I will keep warm decomposing my fans leaves and waste products, to a huge pile in my spare room with an old car radiator in the middle as the plants waste rots to compost it heats the radiator that in turn flows to the central boiler and heats the house, if no plants to decompose then I'll use horse shit ...lol
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Methane, yummy. Better off with a large compost gas collector like farms use to convert animal waste into methane used to run generator.
 
N

NoDrama

Well-Known Member
canndo said:
Let us suppose that circumstances fall in such a way that gasoline costs $16.00 a gallon. There are no true shortages, the price is simply the price you must pay in order to purchase gasoline. Further, let us assume that heating oil costs $10.00 a gallon.

Again, only the rich will be able to afford to casually drive from one poinit to another and in effect, a significant portion of your income must go only to your warmth and mobility. What will you do?

Will you pettition the government to help you? ask for subsidies or demand that the government artificialy drive down the price of gas?

Will you resent the rich? being that they are the only ones who now have an abundance of something you previously throught was granted to you?
Click to expand...
If this happens, I will open a business that sells solar panels, bicycles and electric scooters.
 
Balke Buds

Balke Buds

Member
Make own fuel and walk when no fuel.

Why the fuck would I ask for help from anybody?
The solution in getting from point A to point B are the two legs you were born with.

As far as heat...burn some shit.
 
canndo

canndo

Well-Known Member
desert dude said:
The US will soon be the world's largest oil producer. The Saudis (OPEC) have tried.

If there truly is a fall in supply without a commensurate fall in demand then the price of oil will rise and poor people will suffer. That IS the answer.
Click to expand...
Not a possibility desert dude, we reached peak production in 1972. the U.S. can never be the world's larges oil producer again. I see you are trying to evade a concept. That concept is extremely expensive oil, oil so expensive that only the rich can afford it. You see the rest, that is the middle class, being relegated to being poor. People will suffer, but not the rich, you don't think there might be more than a hint of resentment? Or, as i said, will you be behind government price fixing?
 
desert dude

desert dude

Well-Known Member
canndo said:
Not a possibility desert dude, we reached peak production in 1972. the U.S. can never be the world's larges oil producer again. I see you are trying to evade a concept. That concept is extremely expensive oil, oil so expensive that only the rich can afford it. You see the rest, that is the middle class, being relegated to being poor. People will suffer, but not the rich, you don't think there might be more than a hint of resentment? Or, as i said, will you be behind government price fixing?
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We don't have to wait for oil to get expensive, there is resentment now.

You really ought to keep up with the news, Canndo. A new technology, called "fracking", has made a LOT of previously unrecoverable oil suddenly available. Oil industry experts expect the US to be the biggest petroleum producer within a decade.

So, you think price fixing by the government is going to fix a supply shortage of oil, or anything else? Tell us how that magic works.
 
racerboy71

racerboy71

bud bootlegger
canndo said:
Not a possibility desert dude, we reached peak production in 1972. the U.S. can never be the world's larges oil producer again. I see you are trying to evade a concept. That concept is extremely expensive oil, oil so expensive that only the rich can afford it. You see the rest, that is the middle class, being relegated to being poor. People will suffer, but not the rich, you don't think there might be more than a hint of resentment? Or, as i said, will you be behind government price fixing?
Click to expand...
i disagree about the rich not being affected if oil were so high that they'd be the only ones who could afford it..
if the middle and lower classes couldn't afford fuel, surely they wouldn't be able to afford to have gas to drive to and from work every day, therefore there would be much less workers, and less production, or companies closing completely dependent on how bad the crisis was..
so yeah, imo, if the middle and lower classes couldn't afford fuel, it'd surely affect those who owned businesses, ie, the 1%.. not nearly as bad as the other classes mind you, but i think they'd even be feeling the heat, or lack of in this situation..
my $.02
 
vostok

vostok

Well-Known Member
SnapsProvolone said:
Methane, yummy. Better off with a large compost gas collector like farms use to convert animal waste into methane used to run generator.
Click to expand...
Many plans on the Internet too, but the OP does have a point, about time we quit oil shit, before it quits us, I say lets go to Hydrogen ...lol
 
Rob Roy

Rob Roy

Well-Known Member
I will go trudging across the tundra mile after mile. Oh whoa is me....Speaking of that, anybody heard from Beardo lately? Kind of miss that guy. Great googly moogly!
 
N

NoDrama

Well-Known Member
vostok said:
Many plans on the Internet too, but the OP does have a point, about time we quit oil shit, before it quits us, I say lets go to Hydrogen ...lol
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sounds great, now if we could just make plastic out of it and fertilize crops with it and make lubricants and solvents and ..... out of it.
 
LegalizeNature420

LegalizeNature420

Well-Known Member
racerboy71 said:
i disagree about the rich not being affected if oil were so high that they'd be the only ones who could afford it..
if the middle and lower classes couldn't afford fuel, surely they wouldn't be able to afford to have gas to drive to and from work every day, therefore there would be much less workers, and less production, or companies closing completely dependent on how bad the crisis was..
so yeah, imo, if the middle and lower classes couldn't afford fuel, it'd surely affect those who owned businesses, ie, the 1%.. not nearly as bad as the other classes mind you, but i think they'd even be feeling the heat, or lack of in this situation..
my $.02
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This guy is correct. We have an oil-based economy (so many cars, trucks and highways). The rich would have to contend with higher prices on materials being produced and shipped, while at the same time, less revenue because people aren't out and about spending cash like they used to. Europe and Asia have always had higher fuel prices, but unlike America's oil-based economy, they rely much more on public transportation.
 
Smootherpete

Smootherpete

Well-Known Member
Humans have a tendency to find solutions when faced with a problem. The solution here will be eat less, work harder. People are going to start growing food again when they are starving. We will all have to get chickens and grow hydroponic lettuce. Eat eggs and lettuce every day. We would need many small milk and potato farmers, everywhere where there is a field. So people can walk, bike or drive with what ever little money they have for gas. Finally all middle class people will have moved out of major cities as only rich people will be able to afford getting all that delivered to them. Middle class will have to grow food again like 85 years ago to provide for themselves and there families. The great depression. Of course things would be different today with lack of respect for fellow country men, there would be a hole lot of chicken thieves out there.
 
canndo

canndo

Well-Known Member
desert dude said:
We don't have to wait for oil to get expensive, there is resentment now.

You really ought to keep up with the news, Canndo. A new technology, called "fracking", has made a LOT of previously unrecoverable oil suddenly available. Oil industry experts expect the US to be the biggest petroleum producer within a decade.

So, you think price fixing by the government is going to fix a supply shortage of oil, or anything else? Tell us how that magic works.
Click to expand...

Fracking is predominantly for natural gas products so far as I know. Hubert was no fool. Kindly show me where it says we are to be the largest petrolium producer in the next decade.

As I said, regardless of the situation. The price of gasoline is fungible, therefore, a price hike in Saudi or anywhere else it is in abundance will cause a comensurate hike everywhere in the world. So what happens to the U.S.?
 
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