Jack B.

Fall in Gas Prices and Less Driving Equals $315B Savings

John,

You are correct, the $5.00 a gallon caused every one to lose their jobs thanks to Big Oil and I am not sure even a $1.00 a gallon would bring all of the jobs lost back. History will show that BIG Oil is the United States worst enemy. Now that a barrel of Oil is down, they will raise gas prices using their old tried and true methods, A fly sneezed in a refinery and the refinery was down for 2 minutes(causing gas to go up 51 cents). ETC. Since 1974 Big oil has been behind every Recession. You watch them gas will not be low for long. It is a price-fixing Monopoly that has broken all free market principles since 1974. And since they own every Govt official, I am sure we will have hi priced gas again,recession or not.


On Nov 21 08:36 AM john s. gordon wrote:

> well when people no longer drive to work because no jobs exist you
> might expect vehicle miles per month to drop off a wee but.

Real Price of Gas Approaches a Historic Record-Low

Mark,

I agree with cjct, Whereis this HUGE shortage of OIl?????

Good article. It almost makes you wonder if the $5.00 a gallon was all contrived??? Or will the Big Oil companies wait until we (the USA) start to recover and then come up with all kinds of reasons that will cause gas to go up to $8.00 a gallon. Its no surprise to me that Exxon-Mobil had a $16 Billion NET profit for a Quarter??? Amazing! General Motors should have been Exon and then they would not worry about cash.

As a Side note, I sell Trucks and SUV's and sales are picking up(evan without GMAC financing) again now that gas fallen so fast in the last 2 weeks. The big question becomes, how well will all the economical cars continue to sell??? I predict that Toyota will dust off their Tundra's and Nissan their Titans and Infinity will sell their QX 56's again( all of which get worse Mileage then the GM counterparts.) Very strange market that is so dependent on what The Big Oil companies decide to sell their Gas for.

For those of you that do not know, Gm has a Yukon Hybrid that gets 21 miles to the gallon city driving. That beats alot of Honda's,Toyota and Nissan's economy cars. Gm also has 30 count then 30 vehicles that get over 30 miles to the gallon on the hwy. Look at JD power and you will see their quality way up in the top ten. Also who else has a 5 year 100,000 0 deduct powertrain warranty which is fully transferable to any subsequent owner. Gm did not offer this because they thought that they would lose money on it. They did it becauseTheir engines and Tranny's and Rear Ends are the best in the business.....And believe it or not, Not all families in the US want to drive a Prius.. They need room...

Also NOTE THIS: Every recession since 1974 has started when we had either a shortage of gasoline or we had a huge runup in pricing because a bug sneezed at a refinery. All contrived just like Enron. I am so suprised that no one wants to take on the OIL companies for all the Havoc that they have caused with their Enron tactics. Instead we fight about how lousy GM is an how their workers make $72.00 an hour(also wrong). Once we found out about Enron and relized that we had plenty of electricity, The rolling blackouts stopped. Remember how everyones electricity bill tripled because of this illegal activity???
I am afraid that because all the Govt has been bought out by the Oil companies, We will always be at their mercy and will contiue to have recessions based on their Whims. However once we break loose from gasoline, They will deservedly go under. I too am a free Market place advocate, but not when some companies do illegal things that cause other companies to go under....and Slam the country into MAJOR Depression and everyone loses their jobs because Exxon got greedy???

At $150 a barrel all of the "experts" stated we were headed to $300 a barrel. What happened all of you "experts"??? Where are you now to admit that you were so wrong!!! And for those of you that believe that everyone has stopped driving, BS, in California the freeways are still packed........ Just some thoughts on our Fantastic ,Dangerous Oil companies. Why do we not have them Pay for all of the unemployment that they have caused??? And all of the innocent companies that they have put out of business because of their GREED.. Sickening....Remember this :all of you "Conservative Republicans"(of which I used to be)Last time I checked Monopolies and Price fixing are illegal at the Federal Level, So how do the oil companies go unchecked???? This is not a "free Market" of supply and demand,But a huge conspiracy like Enron... Wake up people!! Our worst enemy is our own Oil companies. They have screwed us since 1974 and have gotten away with it. It may be too late..