Will fuel prices go up in 2009?

[Oscar54]

Just curious, for those 3 that voted no it wont go up, why do you think that it won't?

Good Question, I hope you get a responce? (I'm not one of the 3!)

 

[CrazyBiker]

ofcourse unless they have found a cheap way to get natural gas from other planets like Saturn, Jupiter, Uranus and Neptune.

 

[FZSex]

ummm no they will get lower and lower and then be free

 

[oldfast007]

Demand is not as big a factor as everyone claims, look at the chart, this is NOT a demand spike at all, I do agree SEVERAL factors have influence, but demand is way over blown. Only 63% of the OPEC countries have held on their production "cuts", the Saudi's being one of the "silent" non-cutters.

The next meeting scheduled could see cuts as deep as 10 million BPD but is very doubtful, time will tell...only the countries who's GDP is based on oil revenues will be likely to follow through on cuts.

Just my 2 cents

 

[Scorphonic]

Depends on whether America will go to war with another oil owning country. IMO of course.

Maybe its a narrow minded response that I give here but the advent of some rediculous ideal of a war on terror (and make believe weapons of mass distraction) led to the first signs of increased fuel prices a few years ago. Of course our dependance on the US economy all over the world has affected us as the US war machine moved from one country to another on their senseless oil venture.

The price will increase if we all rely on one countries economy for stability. If we all become independant of the US and the US of all other countries then there could be hope that one fluctuation in a countries economy wont have a knock on effect in all other countries.

 

[FZSex]

...... :Flip:

 

[cv_rider]

The price will increase if we all rely on one countries economy for stability. If we all become independant of the US and the US of all other countries then there could be hope that one fluctuation in a countries economy wont have a knock on effect in all other countries.

You'd have to roll back economic progress by 50 years to get back to a time where every economy wasn't intimately linked to every other. Some of the greatest beneficiaries of our interlinked economies are the poorest countries, where free trade has enabled them to sell products to huge markets. There is a peace dividend with interlinked economies too (although this isn't a rule). Two developed countries won't be able to afford to fight each other -- too much disruption to both economies. What if we couldn't buy all that cheap crap from China? Our cost of living would increase significantly. What if China couldn't ship all their cheap crap to us? Their economy would tank. Then there's the McDonald's effect. With rare exceptions (Falklands war is one, may be others more recently) two countries who both have McDonald's won't fight each other. Premise: if your country is wealthy enough to support McDonald's, its citizens are too concerned about maintaining their quality of life to squander it all on war.

 

[Unseen]

You'd have to roll back economic progress by 50 years to get back to a time where every economy wasn't intimately linked to every other. Some of the greatest beneficiaries of our interlinked economies are the poorest countries, where free trade has enabled them to sell products to huge markets. There is a peace dividend with interlinked economies too (although this isn't a rule). Two developed countries won't be able to afford to fight each other -- too much disruption to both economies. What if we couldn't buy all that cheap crap from China? Our cost of living would increase significantly. What if China couldn't ship all their cheap crap to us? Their economy would tank. Then there's the McDonald's effect. With rare exceptions (Falklands war is one, may be others more recently) two countries who both have McDonald's won't fight each other. Premise: if your country is wealthy enough to support McDonald's, its citizens are too concerned about maintaining their quality of life to squander it all on war.

Agreed on those positive effects. But there's an upside and a downside to everything. One downside is that with this globalization many countries are becoming like clones of the US (and to clarify, my point is not that the US is bad or evil or whatever). But you get more and more a one size fits all world, which is not very interesting if you ask me. Also we tend to ship around stuff back and forth all over the planet, so in the long run with oil getting more scarse we can't keep this up. Also our interlinked economic system is very vulnerable, China for instance is already getting hurt because demand for their "cheap crap" is going down. Then there's the thing that our economy requires growth to function. Interesting challenges, how do we keep the positives and get rid of the negative effects, challenging times ahead I think.

 

[2004Ralli//art]

i don't got fancy stuff to say...i just think we should enjoy it while it last!!! haha:rockon:

 

[ArmyDocInTraining]

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