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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (84432)	5/13/2007 3:43:05 AM
From: elmatador	Read Replies (1) \| Respond to of 206085

A Good Summer to Leave the Car in the Garage. The summer forecast for gasoline prices is out. Quick summary: you may want to stay home for your vacation and ask your boss about telecommuting. ELMAT: Or lobby to remove those 54c on Brazilian ethanol :-) nytimes.com A big reason is that global demand for oil is rising. China, for one, is behaving more like a consumer and is starting to use oil supplies the way the United States does. (The nerve!) Add refinery troubles at home and abroad, unrest in Nigeria and declining production from mature oil sources in the North Sea, the Middle East, Mexico and Russia, and you have more gas stations flirting with $3 a gallon. There are ways to ease anxiety about the high price of gasoline. One: Complain about it to Europeans, who pay even more because of taxes. Two: Be aware that new projects in places like the Caspian Sea, the Sakhalin Island, Africa and Brazil are increasing supply. Three: Look at a chart of gas prices adjusted for inflation. You will then realize that prices were actually higher for consumers in 1980. According to the inflation chart, prices were higher in 1920, too. Back then, though, more people had the option of riding a horse to work.