$4:00 gas in 2010: How does the US fare?
Will trucks still sell?I'm not predicting $4.00 gas in 2010. It's possible, but so is $2.00 gas.
Still, what if gas prices hit $4.00+ for all of 2010? Wouldn't the auto industry need another bailout? Would China bail the US out - hah! - again?
Earlier today I read that Chrysler's biggest worry right now is gas prices. Since it'll be at least a year before any of Fiat's more fuel efficient models hit the US, Chrysler worries that high gas prices could kill it's profitable vehicles - all gas guzzlers - and its business.
Yet, the odds on $4.00 gas in 2010 are pretty good.
Isn't it time to take foreign oil dependence a bit more seriously? With public polls showing such consensus on this issue, why is foreign oil dependency but a sound bite in the political arena?
Labels: Foreign Oil Dependency, gas prices
posted by Dahcredyns at
12:35 PM
6 Comments:
I wish I knew the answer to the question "why is oid dependency just a sound bite". It sure beats me. Now the news media in Chicago is talking up how much it costs to repair small cars that are in an accident. Granted, it's true, but geez, tell the whole story for pete's sake.
I think foreign oil dependence is such a big issue, it's hard to make it personal.
Not that, that is an excuse.
If $4 gas kills Chrysler but saves the Volt and GM and Li powered cars and EV's and everything else that can actually make a difference in ending foreign oil dependence, I would actually take that pain. But I know it would be incredibly painful in so many cities.
In Europe and Japan gas is running at equivalent price of over 4.50 a gallon right now, and you dont hear them whimpering or crying, they just did something about it.
We have been living in a fantasy bubble and the time to pay the piper is now at hand.
Gas I agree will be well over 3.25 a gallon this winter even if Americans use very little. Why ? Because Oil cartels and US cartels are legally able to all but shut down the refineries. And with OPECS help they can continue to reduce production further. Together it artificially keeps oil price per barrel high, even though real demand is at 20 year low.
Does anyone realize that FIAT is in debt up to its eyeballs!(many billions)....and it bought a company that ONLY makes big SUVs and vehicle which average real world 13MPG,,thats it! Not a good business model. It would have been much cheaper for FIAT to make alliances with hundreds of going out of business GM/Chrysler dealers who are desperate for any lifeline...and would be more than eager to promote FIATS vehicles asap I think.
In my area Chryslter 36k 4 door luxury pickups are still on lots - asking price around 15k ! Unreal.
I think an increase in fuel price will help us find an alternative fuel source. As long as gas prices stay low, the concern for renewable energy stays down.
My worry is what happens if our "fantasy bubble" doesn't just pop before we're ready, but it explodes?
We're really risking so much for unnecessary size and horsepower.
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