carloz678

Record Decline in Driving, Record Level of Conservation

Paulk, mabe you'er right about the unintended consequences but the fact is that the end of the cold war was caused by low oil prices. The Soviet Union could not make it with oil at 8.00/bbl. The consequences of high oil prices will be more war.

The real subject here is the 245 billion est, miles driven in April this year. I found US oil consumption on the EIA site listed at 20 mil. barrels/ day or times 30 days 600 million barrels/ month. 245 billion divide by 600 million = 408 miles/barrel/42gal. = about 10 miles/ gallon. A 5 mile/ gal. increase in mileage would result in a 1/3 reduction in oil use or 200 million barrels/ month or/ 30 = 6.66 million barrels/ day. Thats a lot of oil. Eschew that.

Odds Favor Short-Term Slip in Crude Prices

Aviv.

I agree with you. The huge head shown for Y2K does not seem correct. I was traveling in an RV that whole year and gas prices were extremely low and unchanging.

Lowering Prices at the Pump

This rant about taxes is a smokescreen to hide the real problem. We have heard this crap over and over for ever. All the tax cutters claim to be patriotic Americans but all they are doing is buying prosperity today on credit. Any moron can live the highlife as long as he has your credit card. Thats whats happening. You think things a bad now. Just wait. The tax code is supposed to be about 50,000 pages long, most of it is about deductions. The average joe sixpack dosen't use any of them just the short form. I heard that hedge fund managers that made one billon a year get some break that puts them in a 15% bracket. Warren Buffet says his secretary pays a higher percentage than he does. And now congress has to fix the ATM, what a joke another 1,000 pages for the tax code.