Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (3987)	1/7/2009 10:14:23 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 86356

I meant $40+ a barrel. Hey.. just taking you at face value since you have all the answers.. You don't believe that consumers make benefit trade-offs? Sure they do!! When Oil was $147/bbl they were making decisions about driving versus eating. And when oil was $35/bbl, they were deciding between driving and eating (because now they're in fear for their jobs). We're in a recession, my friend. You've seen the car sales data, right?? Japan's industrial production down 8% last month, while our ISM numbers were very low. Credit has dried up for all but the most credit worthy of individuals. And people simply can't afford the $40K for your electric cars (Volt, Karma) where fully 1/4 of the price is battery. No.. they will sit on the current vechicles they have, fix them over and over again, until they have the balance sheets in sufficient order to warrant cracking open their wallets again. And even then they will probably demand discounts and favorable rates when they do purchase the basic fossil fuel vehicles. Hawk