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U.S. Government
With consumers paying $4-plus a gallon for gasoline, House Democrats said that the Bush administration's estimate for future gas prices needs an overhaul.
When the government issued its proposal to raise vehicle fuel economy standards to a fleetwide average of 31.6 miles per gallon by 2015, the plan assumed that gas prices would be $2.42 a gallon in 2016.
"When compared to today's prices at the pump, these numbers are nothing short of absurd," Rep. Edward Markey, D-Mass., who leads a House panel on energy independence and global warming, said Thursday.
Congress last year required the National Highway Traffic Safety Administration to set fuel economy standards at the "maximum feasible" level each year, reaching a minimum of 35 mpg by 2020, a 40 percent increase over current standards.
When the government issued its proposal to raise vehicle fuel economy standards to a fleetwide average of 31.6 miles per gallon by 2015, the plan assumed that gas prices would be $2.42 a gallon in 2016.
"When compared to today's prices at the pump, these numbers are nothing short of absurd," Rep. Edward Markey, D-Mass., who leads a House panel on energy independence and global warming, said Thursday.
Congress last year required the National Highway Traffic Safety Administration to set fuel economy standards at the "maximum feasible" level each year, reaching a minimum of 35 mpg by 2020, a 40 percent increase over current standards.
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Answered No. Bunch of baloney!
First of all, our oil is based on speculation. For example, it would be like buying a cell phone from Verizon for a set price and every month our phone rate is determined by Verizon's stock shares. Every time the shares fluctuate up and down our monthly price goes up and down. That is what we are dealing with right now when it comes to oil. The price of oil is also heavily taxed and that is why Europeans pay more than we do as well. Europeans pay nearly 8 dollars a gallon and that is why they are on the whole green alternative energy kick faster than the United States. The Saudi's can't increase production to 1 Million barrels a day. The Saudi's have to take about 3 to 5 years to update their infrastructure to support that kind of production. Our country hasn't had oil exploration since the late 1970's and we haven't increased our production. Again, it would take time to drill and discover more pockets of oil. The fuel economy standards were raised back in the 1970's and we had our national highway speed limits lowered to 55 and 65 MPH. This helped but it wasn't until the Japanese came in and started producing better fuel efficient cars. Now our country is all about alternative energy. We have had this technology for years and it has been suppressed until recently. Electric cars were first being thought of about the same time gasoline engine cars were being introduced back in the late 1800's and early 1900's. We had GM produce an electric car that was short lived in the ...First of all, our oil is based on speculation. For example, it would be like buying a cell phone from Verizon for a set price and every month our phone rate is determined by Verizon's stock shares. Every time the shares fluctuate up and down our monthly price goes up and down. That is what we are dealing with right now when it comes to oil. The price of oil is also heavily taxed and that is why Europeans pay more than we do as well. Europeans pay nearly 8 dollars a gallon and that is why they are on the whole green alternative energy kick faster than the United States. The Saudi's can't increase production to 1 Million barrels a day. The Saudi's have to take about 3 to 5 years to update their infrastructure to support that kind of production. Our country hasn't had oil exploration since the late 1970's and we haven't increased our production. Again, it would take time to drill and discover more pockets of oil. The fuel economy standards were raised back in the 1970's and we had our national highway speed limits lowered to 55 and 65 MPH. This helped but it wasn't until the Japanese came in and started producing better fuel efficient cars. Now our country is all about alternative energy. We have had this technology for years and it has been suppressed until recently. Electric cars were first being thought of about the same time gasoline engine cars were being introduced back in the late 1800's and early 1900's. We had GM produce an electric car that was short lived in the 1990's called the EV1. If you watch a movie called, "Who Killed the Electric Car?" it will explain what GM did to dismantle the electric cars from being largely mass produced. Matter of fact, the same thing will probably happen to these new hydrogen cars being leased next year. Hydrogen technology can be used right now to almost eliminate our need from foreign oil. Honestly, the technology to change us has been around for years and it is not being produced to satisfy our energy needs. All this stuff about gas prices and everything is just more baloney. I feel the price will continue to go up and we will probably not see anything under 4 dollars a gallon.
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Answered Yes. It happened in the 70's and it will happen again.
The only difference is, unlike the 70's, the people have spoken and want cars with better mpg's!!!!!! There will be alternative fuels and electric cars will come into there own. The oil companies fucked themself and they will have to lower prices before we devolpe cars that don't need any type of oil. They want us addicted but we are breaking free and they see this....prices will go down! It may get worse before it gets better but we are on our way to a oil free dependence. -
Answered No. Bunch of baloney!
I don't see them dropping under 4 bucks ever again. I mean we are paying this much now, and it's only going to get worse, and we will pay it when it does. So why should they lower them all that much?? If you had a product that cost $2 a year ago, and now it is $4 and people are still buying, why would you lower it?? I just don't see it happening. Trust me, I hope it does drop, but I think it is too far gone.
Answered Yes. It happened in the 70's and it will happen again.
Depends on new exploration, decreasing speculators, conservation, alternative energy sources (wind, solar, nuclear, geothermal)