Recession coming

[MJZiggy]

Honestly we just need to identify which industry we will ride through the current credit crunch. That is what it is, when the banks resolidify what they do you will see more borrowing again and that is what the US economy is based on CREDIT.

I thought it was based on the yen at the moment...

[GBRulz]

I have no doubt that the high gas prices have effected the economy and how people spend their money. However, the biggest problem overall is people overspending beyond their means. I bought my house 6 years ago and I couldn't believe how much I was pre-qualified for. Um, I'd like to have a life outside of paying for my mortgage payment, thank you. However, some people of course took advantage of every penny of credit thrown their way, especially with those ARMs the banks coaxed them with.

What you're hearing about now are the credit problems and the foreclosures. Sure, I know some are affected through job loss, but most are affected because they overspent to begin with.

If I were a betting person, I'd put money on gas prices going down once George W is out of office.

[Partial]

Gas Prices are going to keep going up because the economy is crappy and the dollar is down big time. I remember when Canadian prices for video games were 10-20 dollars higher when I was a little kid, and now they're cheaper!!

Oil has remained fairly constant with gold.

[Freak Out]

Now that Chavez is sending forces to the border with Columbia expect oil to take another leap on Monday.
Anyone seeing lines at the gas pump and rationing yet? Stations out of fuel?

[MJZiggy]

No, but I did see $3.45 a gallon in the yuppie part of town.

[GBRulz]

I think we'll see $4 gas this summer, no doubt. Do you remember the mid-term elections two years ago? Gas went all the way down to $1.99. Coincidence? I think not.

Gas prices are not always steady with oil prices. The price of gas is the same now with oil at 100 a barrel vs when it was $60. The reason they gave is because of refining capacity.

Whatever it is, it's BS that oil companies are making billion dollar profits while the economy goes down the toilet.

[Freak Out]

No, but I did see $3.45 a gallon in the yuppie part of town.

Of course you haven't because surpluses are up. But the price keeps going up as well.

[Partial]

Hopefully Mr. Obama realizes that universal health care is a terrible idea and invests all that money into becoming energy independent in the form of phat cash rewards for innovation in the field.

[LL2]

I think we'll see $4 gas this summer, no doubt.

I've been telling people this for a while. I can't wait to get one of these.

http://evolution.loremo.com/content/view/13/47/lang,en/

[Harlan Huckleby]

Hopefully Mr. Obama realizes that universal health care is a terrible idea

If he does, I hope he announces his revelation before Tuesday's vote!

[Freak Out]

I think we'll see $4 gas this summer, no doubt.

I've been telling people this for a while. I can't wait to get one of these.

http://evolution.loremo.com/content/view/13/47/lang,en/

Interesting...I've never heard of it before. There is lots of good tech out there reducing fuel consumption or doing away with what we know of as fuel consumption all together. I want VW/Audi and Mercedes to start bringing in all the light vans and cargo haulers that they have developed with the newer single rail diesels. That will be the death knell for Detoilet if prices stay high.

[MJZiggy]

No! We need Ford to stay in business so they can keep ownership of the Lions and keep Millen as GM until...well forever.

[LL2]

I think we'll see $4 gas this summer, no doubt.

I've been telling people this for a while. I can't wait to get one of these.

http://evolution.loremo.com/content/view/13/47/lang,en/

Interesting...I've never heard of it before. There is lots of good tech out there reducing fuel consumption or doing away with what we know of as fuel consumption all together. I want VW/Audi and Mercedes to start bringing in all the light vans and cargo haulers that they have developed with the newer single rail diesels. That will be the death knell for Detoilet if prices stay high.

The Loremo is suppose to get 150 mpg.

http://editorial.autos.msn.com/article.aspx?cp-documentid=457882

I agree with you about getting the cargo haulers to do better on fuel. I'm in the shipping business and often fuel surcharges can be around 25%. The Dodge Sprinter is a nice cargo hauler for loads of 4 pallets or less. The current versions can get around 600 miles on one tank. They are coming out with hybrid versions of the Sprinter.

[Scott Campbell]

The Dodge Sprinter is a nice cargo hauler for loads of 4 pallets or less. The current versions can get around 600 miles on one tank. They are coming out with hybrid versions of the Sprinter.

Isn't that the rebadged Mercedes?

[LL2]

The Dodge Sprinter is a nice cargo hauler for loads of 4 pallets or less. The current versions can get around 600 miles on one tank. They are coming out with hybrid versions of the Sprinter.

Isn't that the rebadged Mercedes?

Yes, Mercedes actually makes the Sprinter for Dodge.