Fishman wrote:A rose would smell the same, regardless the name. With peak oil, one would expect some countries to run up their debt and subsequently monetize it to inject stimulus into a declining economy, except this time it won't work. Welcome to peak oil, got preps?
ColossalContrarian wrote:With everyone blaming speculators maybe we can get he price of gasoline in terms of Apple shares because everyone knows Apple is doing so well the past few years and their success is due to the fundamentals in the economy and not speculation. /sarc
With soaring debt, rising government spending and the Fiscal Cliff looming at the end of this year, there's growing speculation that State governments could target the gas pumps to gain some revenue to go towards infrastructure funding. It's a battle that no politician wants to take on directly because even the smallest increase tends to ignite the driving public.
"The States got a bit smarter, they are charging a percentage-based sales tax," says Dehaan. "Whenever gas prices go up, States win. It's their cash cow. Look for the Feds to try something similar, but it's not going to go over very well."
dinopello wrote: This could be the spark that ignites the REVOLT !
dsula wrote:dinopello wrote: This could be the spark that ignites the REVOLT !
Gas went from $0.99 to $4 at the pump within 15 years. No REVOLT in sight. Easily slap on another $5 in taxes/per gallon and not much would happen.
Arthur75 wrote:The US basically lied to itself with the "first oil shock=arab embargo" joke (when it was a direct consequence of US 1971 production peak, and US diplomacy/majors pushed for a higher barrel price)), dropped Bretton woods, moved to the petro dollar (US army protecting oil routes, oil traded in $), $ reserve currency, debt bubble initiated, OECD nations more or less joining the train.
Arthur75 wrote:The only sensible policy would have been an increasing volume based tax on oil/gas over the years (and this to push vehicles, infrastructure in the right direction), but now clearly way too late, collapse on the way.
seenmostofit wrote:dsula wrote:dinopello wrote: This could be the spark that ignites the REVOLT !
Gas went from $0.99 to $4 at the pump within 15 years. No REVOLT in sight. Easily slap on another $5 in taxes/per gallon and not much would happen.
Amazing how easy that idea is to contemplate, isn't it? Certainly a jump like that would be noticed even by those of us heavily investing in substitution/mitigation/preps for such a scenario, and while the screaming from the unprepared would be nothing but historic, it still wouldn't be TEOTWAEKI. What is the worst that would happen? Americans would start to behave like...Europeans? Drive small cars, bicycle more, live closer to work?
vision-master wrote:So shorty's idea of collapse is the World will end on 12, 21, 2012....... lsol
seenmostofit wrote:dsula wrote:dinopello wrote: This could be the spark that ignites the REVOLT !
Gas went from $0.99 to $4 at the pump within 15 years. No REVOLT in sight. Easily slap on another $5 in taxes/per gallon and not much would happen.
Amazing how easy that idea is to contemplate, isn't it? Certainly a jump like that would be noticed even by those of us heavily investing in substitution/mitigation/preps for such a scenario, and while the screaming from the unprepared would be nothing but historic, it still wouldn't be TEOTWAEKI. What is the worst that would happen? Americans would start to behave like...Europeans? Drive small cars, bicycle more, live closer to work?
seenmostofit wrote:
Lied to itself? Ummm...no. That same decade saw the President of the most powerful country on the planet was telling us the world was running out of oil and natural gas. Are you saying he was lying to us?
Arthur75 wrote:seenmostofit wrote:
Lied to itself? Ummm...no. That same decade saw the President of the most powerful country on the planet was telling us the world was running out of oil and natural gas. Are you saying he was lying to us?
The world isn't the US, the message "the US went through its oil production peak" was never there and more importantly the label "oil embargo" or "Arab embargo" IS the label attached by the vast majority of Americans to the first oil shock.
Arthur75 wrote:So yes, the US has indeed lied to itself for more than 40 years and continue to do so, simple historical fact.
seenmostofit wrote:
Just because the rest of the world is/was ignorant of the US production peak isn't America's fault, certainly our President was ringing the alarm bell in 1977, and Nixon was certainly hinting after the same thing years earlier. And of course the embargo gets factored in, it was going on, but so were the claims of running out, back then the embargo and American dependence on foreign crude was quite the running out scenario. That it didn't pan out any better than the others isn't my fault, blame those who keep claiming we are running out.
Return to North America Discussion
Users browsing this forum: No registered users and 4 guests