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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > USA - NY / NJ / CT / PA > Good news on the price of Oil

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      03-14-2008, 01:13 AM   #23
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Originally Posted by NaTuReB0Y View Post
i'm glad i drive a honda.........30+mpg........
Unfortunately, that chart shows a major longterm uptrend. At a quick glance using the history provided and technical analysis, we should see a dip down, then make new highs. Sorry fellas, chart shows nothing but higher highs, and higher lows. Nothing comforting there.

However in an article I recently read, people with guzzlers are finally starting to think about replacing their vehicles with more fuel efficient ones. Also more and more drivers are beginning to cut back on their driving habits. Sad part is that the US has seen a 2% drop in fuel consumption recently, yet we continue to see the price of oil consistantly making new records highs.
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      03-14-2008, 09:47 AM   #24
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Originally Posted by itsbrokeagain View Post
thats cuse of good ol George spendin 12 billion a month in Iraq like hes a kid in Toys R Us...
Not entirely...we have a huge negative current account deficit because of our imports from China, India, Canada, etc... Even though the negative current account deficit is huge, it's keeping our domestic prices low in the short-run. In, the long-run we need some serious re-doing of our entitlement spending. Oh, not to mention the proposal to switch to ethanol which is driving up the prices of corn, which in turn is driving up the price of every other commodity...Just my 2 cents.
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