$500 barrel oil...

[scared?]

lol...scared?...

http://money.cnn.com/2008/09/15/news/ec ... tm?cnn=yes

[KaleiÐoscøpe]

Glad I ride my bike/take the bus everywhere.

[GONNAFISTYA]

This will affect the price of everything, not just gasoline.

[creep]

I don't think the bus will be affected, it runs on diesel.

[KaleiÐoscøpe]

This will affect the price of everything, not just gasoline.

Yes, but that is where it seems to hit you the hardest. At least in my experience.

I don't think the bus will be affected, it runs on diesel.

I get free rides so it doesn't matter what happens to the cost of the bus.

[GONNAFISTYA]

This will affect the price of everything, not just gasoline.

Yes, but that is where it seems to hit you the hardest. At least in my experience.

Then I guess you haven't noticed the price increases in groceries? The cost of shipping everything has increased. Hell....even the cost of the tires on your bicycle will be affected. Gasoline prices are talked about in the media more often I guess.

[Dark Metal]

I get free rides so it doesn't matter what happens to the cost of the bus.

Are you a retard or just on social assistance?

[KaleiÐoscøpe]

Then I guess you haven't noticed the price increases in groceries? The cost of shipping everything has increased. Hell....even the cost of the tires on your bicycle will be affected. Gasoline prices are talked about in the media more often I guess.

To be honest, I don't buy much of anything and the things I do buy tend to be used. I'm not denying that this wont effect everything we do/purchase. It just wont effect me all that much, probably should have mentioned something other then fuel in my post :d

Are you a retard or just on social assistance?

School ID.

[Dark Metal]

You must be 13.

[Dark Metal]

cue semencan...

[andyman]

Then I guess you haven't noticed the price increases in groceries? The cost of shipping everything has increased. Hell....even the cost of the tires on your bicycle will be affected. Gasoline prices are talked about in the media more often I guess.

Then I guess you haven't heard of inflation?

[KaleiÐoscøpe]

You must be 13.

College ID

[Dark Metal]

Oh because if the price of fuel increased %500 the college could afford to pipe people around for free.

[GONNAFISTYA]

Then I guess you haven't noticed the price increases in groceries? The cost of shipping everything has increased. Hell....even the cost of the tires on your bicycle will be affected. Gasoline prices are talked about in the media more often I guess.

Then I guess you haven't heard of inflation?

Inflation is caused by too much currency in the system. Lots of cash flow = lower value of currency = higher prices. Alot of the backdoor shenanigans that are going on right now with the current market crisis is simply to keep the US dollar from crashing down to a value of five cents...if that happens then we can watch some real inflation happen.

The price increases I'm talking about aren't due to inflation but are in the manufacturing/farming/shipping industries that use the oil products...which are now more expensive. For an example of what I mean here, have you booked any flights lately? Therefore the actual cost of doing business in alot of industries has risen...that cost in turn (of course) is passed on to the consumer...therefore higher prices.

[andyman]

Then I guess you haven't heard of inflation?

Inflation is caused by too much currency in the system. Lots of cash flow = lower value of currency = higher prices. Alot of the backdoor shenanigans that are going on right now with the current market crisis is simply to keep the US dollar from crashing down to a value of five cents...if that happens then we can watch some real inflation happen.

The price increases I'm talking about aren't due to inflation but are in the manufacturing/farming/shipping industries that use the oil products...which are now more expensive. For an example of what I mean here, have you booked any flights lately? Therefore the actual cost of doing business in alot of industries has risen...that cost in turn (of course) is passed on to the consumer...therefore higher prices.

Thanks Websters Dictionary.... I was saying that oil prices alone aren't responsible.

[Unisaw]

I don't think the bus will be affected, it runs on diesel.

Now that's stupid.

[creep]

What do you mean?

[seremtan]

Oh because if the price of fuel increased %500 the college could afford to pipe people around for free.

if the price of fuel increased 500% it would be $700 a barrel gas, genius

[Ryoki]

Inflation is caused by too much currency in the system. Lots of cash flow = lower value of currency = higher prices. Alot of the backdoor shenanigans that are going on right now with the current market crisis is simply to keep the US dollar from crashing down to a value of five cents...if that happens then we can watch some real inflation happen.

The price increases I'm talking about aren't due to inflation but are in the manufacturing/farming/shipping industries that use the oil products...which are now more expensive. For an example of what I mean here, have you booked any flights lately? Therefore the actual cost of doing business in alot of industries has risen...that cost in turn (of course) is passed on to the consumer...therefore higher prices.

Thanks Websters Dictionary.... I was saying that oil prices alone aren't responsible.

Matt Savinar of lifeaftertheoilcrash.net would disagree. He's been hammering about the interconnectedness of oil prices and the declining economy for years now.

Too bad economic things are completely counterintuitive stuff for me, i have a hard time comprehending any of it.

IRL example: half a year ago i had the option of getting a mortgage and buying a house, with some financial help from my parents. I told them no, put that shit bank in the bank for half a year, there's an economic crisis coming and house prices are going to either remain the same or possibly even drop. If that happens it would be good to have real estate instead of money, but it would be bad to have a mortgage and possibly being unable to pay it back... so just wait.
Unfortunately for me, i was mostly wrong. The house prices didn't exactly drop or remain the same, they continued to rise (albeit at a record slow pace). Now the half year is over and i can make the same decision, and i have no fucking idea what is wisdom. I am still entirely pessimistic about the economy and the oil price, and i'm still convinced that Amsterdam has a huge real estate bubble that is going to one day burst. But I would also really like a house in a better part of the city. But then goddamnit, i don't want it to very possibly ruin me in the near future. Argh.

[MKJ]

cue semencan...

rofl

[werldhed]

You must be 13.

College ID

College in Europe/Oz?

I don't know how it works there, but I ask because in the US, you're likely to find that you do in fact pay for the benefits of having a student ID. They're often called student service fees, activity fees, etc. If bus costs go up, so do service fees.

[Deji]

Then I guess you haven't noticed the price increases in groceries? The cost of shipping everything has increased. Hell....even the cost of the tires on your bicycle will be affected. Gasoline prices are talked about in the media more often I guess.

The price increases in groceries have less to do with oil prices and more to do with increased demand. Increased demand is mainly contributed to by two things: increased demand in emerging markets (like China, India) and the production of biofuels.

While your logic isn't wrong and higher oil prices will mean substantial price increases in the future, there are different causes at work at the moment.

I find the article a bit difficult to believe. Simmons seems to forget that the demand for oil is pretty elastic(especially at the top of the economy), if the price shoots up manyfold, the demand will eventually go down and not remain the same, especially in emerging economies, where goverment subsidies will be cut, which is actually what we're seeing today.

[scared?]

price increases for many staple foods r largely being caused by the increased use of biofuels...so yes blame oil...and fuck u...

[Vallejo]

http://www.watercarz.com/
oh shi-