American Energy Production Act of 2008 [bill S.2973]

[Flatbedpete]

Economist Glen Langan: "A lot depends on growth in Asia. If it remains at current levels and oil hits $140 this year and $150 in 2009, gasoline in the U.S. will probably average $4.25 per gallon this year and about $4.75 in 2009. But that also assumes continued conservation by American motorists and a shift to more-efficient vehicles. Absent those two and gasoline prices could approach $5 per gallon in 2009."

[Flatbedpete]

As a result, large increases in gas prices lower American consumers' disposal income, and it's this disposable income that drives retail sales, and other discretionary purchases. Hence, take away that disposable income, on a sustained basis, and you have a slow-growth U.S. economy, possibly a no-growth U.S. economy.

[Flatbedpete]

Sales of cars and light trucks in April slid to a 14.4 million annual rate, the fewest since 1998, according to industry figures. Officials at General Motors Corp., the world's largest automaker, said this week the company may have to borrow cash and reduce spending to fund its operations if the economy worsens.

[Flatbedpete]

Deere & Co., the world's largest maker of tractors and combines, yesterday reported second-quarter profit grew less than analysts estimated because of a 7.2 percent drop in demand for construction equipment and rising raw-material costs.

[Flatbedpete]

GM is cutting production by 138,000 trucks and sport-utility vehicles at four plants in the U.S. and Canada this year amid record-high gasoline prices. The reduction is about 10 percent of GM's planned large pickup and SUV production for 2008.

[Greyfoxx]

Quote:

Originally Posted by Flatbedpete Economist Glen Langan: "A lot depends on growth in Asia. If it remains at current levels and oil hits $140 this year and $150 in 2009, gasoline in the U.S. will probably average $4.25 per gallon this year and about $4.75 in 2009. But that also assumes continued conservation by American motorists and a shift to more-efficient vehicles. Absent those two and gasoline prices could approach $5 per gallon in 2009."

See there is another example of someone telling us that "Resistant's is Futile" ...... This is why we most get the word out about BAKKEN OIL FIELD! Something we all need to understand, the rise in fuel prices is not by coincidents it has nothing to do this China or India. There are people out there who don't give a damn what happens to this nation as long as they feed their greed. This person either doesn't know what is going on here in the U.S., or he's stupid, or a pinko commie. No real fight left in this person. This is what I'm trying to get across to all of you "We are at war" this isn't some computer game you can turn off, this is the life or death of a nation, and the American way of life. There are people out there making big bucks on your grief and that of your families. When someone tells us we are doomed that is when we need to email this guy and tell him "We have not yet began to fight". and tell him of the BAKKEN OIL FIELD, and that all this government needs to do is build a pipeline to the refineries to get us out of this mess. Who do you think paid for the Alaskan pipeline, the BP oil company? Yes, they did with your tax money.

[lunachic]

A Civil war, been reading about it tonight, They can not declear us a threat to homeland security.
But who are we?
and can we come together.
fight with words and legal actions.
just a tired thought, If we elect with in ourselves we would force them to hear us, as a form of peace.

[Greyfoxx]

Quote:

Originally Posted by lunachic A Civil war, been reading about it tonight, They can not declear us a threat to homeland security. But who are we? and can we come together. fight with words and legal actions. just a tired thought, If we elect with in ourselves we would force them to hear us, as a form of peace.

We just need to make sure we're using only facts, not assumptions, and never let anger or insanity muck things up.

Believe me, I'm not having any fun with this. I can remember some of the 40's, the 50's, 60's, 70's 80's 90's when life was easier to adapt to ....... and then along came the Cheney/Bush inquisition; "If your not stinking rich, pretend your are, or your against us".

I rather be getting ready to go up to the lakes in the mountains behind us after some of the snow melts. I miss traveling across America and Canada too. We have a lot to protect from the Carpetbaggers.

If this is NAFTA / Globalization ..... I vote no.