10/31/2004

"The oil-rich keep on getting richer"

Many Americans have chosen the SUV as their mode of transportation and those that control the oil market are absolutely loving it. The cost to fill up an SUV compared to a small economic- friendly vehicle is taking its toll on those consumers. With the prices being at the current, there may no longer be an economic-friendly vehicle, no matter what the size. In an article written in the Salt Lake Tribune, the author writes that "market constraints underlying high and volatile energy prices suggest that higher oil prices could be here to stay." The higher oil prices may have an impact on your next vehicle purchase, but American's are a "drive-at-any-price" culture and we will still continue to pay for the gas because of our dependence on our vehicles. With our culture being so dependent of car's, those that own and control the oil industry will continue to reep the reward and we will continue to pay the high price.

32 comments:

Bruce Banner said...

I think in the short run of things that consumers will buy fuel at any price but aventually things will change and consumers will try to find a different vehicle that will save them money.

Biancca said...

I agree with Bruce. This trend can't continue. I think the little electric cars, or vehicles that run on vegatable oil...things like that are becomming more popular, and one of those environment friendly trends is bound to catch on -- especially if people can save money with them.

Bryce Larkin said...

It is true the US economy keeps on driving gas drinking SUVs. But I have seen a large amount of smaller cars on the freeways and more gas efficient vehicles being sold. I think people are responding slowly, but they are responding, to the high oil prices.

John West said...

If someone wants to drive an SUV, I don't think that there should be a federal case made of it. Sure, it would be nice if everyone drove a hybrid, but not everyone has the same tastes and preferences. Also, I don't think that these high oil prices are here to stay in the long-run.

Taber Wolrab said...

I agree that as gas prices go up, people will continue to buy SUV's and pay the price for the extra cost of gas. After awhile prices will seem normal and those people that were buying more gas-conservative cars will again start buying the more expensive to drive SUV's. The price is our decision, but most would rather a nice, better looking car, than a small gas saver.

Maudi said...

I agree that Americans have got into the mode that bigger is better. When in reality bigger is not always better. An example of this is the amount of food or gas that we consume. Suv's are obviously not the optimal vehicle at this time in our current oil state;however, were continue to buy and spend our money on somthing that is really not a good thing. I hope that we don't continue this trend or we will be feeding into the thing that will be the end of Americas great reign.

Dr. Tufte said...

-2 for spelling mistakes and no link in Jake's post.

The posts and comments are not good examples of thinking like economists. If you think it is irrational for people to buy SUVs, and they are buying them anyway, then you need to figure out why that is in fact rational. Obviously gas prices are going to influence that decision, but really, who do you know that bought a car on the basis of the price of gas?

freestuff2 said...

Hey I was just blog surfing amd I found your blog! Looks Great!

I also have a philadelphia airport
It deals mostly with philadelphia airport plus other stuff,
You can save up to 50% your next flight!

You should check it out if you get a chance!!

TS said...

Nice Blog!!!   I thought I'd tell you about a site that will let give you places where
you can make extra cash! I made over $800 last month. Not bad for not doing much. Just put in your
zip code and up will pop up a list of places that are available. I live in a small area and found quite
a few. MAKE MONEY NOW

business said...

Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a debt consolidation uk
site/blog. It pretty much covers debt consolidation uk
related stuff.

Come and check it out if you get time :-)

Editor said...

Hey there, great blog. I really would like to see more about a topic like reprint right sleep . I also have an informative blog about reprint right sleep Check it out if you have some time. See ya'

Get-A-Free-House said...

How Would You Like To Know How YOU Can Live In A Beautiful NEW House That Is Custom-Designed To YOUR Specifications.........And At NO COST To You?

You CAN Do It. And It's Not Hard To Do.... IF You Know HOW.

Don't Let This Pass You By Without At Least Taking A Look.

The Only Catch Is That You HAVE To Have An Income ABOVE $21,000...... And......You HAVE To Follow The Easy Instructions Provided To You.

Get-A-Free-House.com

Anonymous said...

Keep it up. I enjoy your nice blog. check out my business home small xxasdf
site. It pretty much covers business home small xxasdf
related stuff.

heropoo said...

I've stumbled across your blog when I done some bad credit car loan research in Google. You're doing a pretty nice job
here, keep up the good work! check out bad credit car loan

hexadecimals resources said...

I found a good online auto loan site. I am looking into it myself.

Anonymous said...

Just thought i would say hi from Japan. Doing some blog surfing and found your site. Im looking for some cool styles of food guide pyramid for my own blog. Theres some really amazing blogs about. if you have time check out my site you will find information on food guide pyramid. Well when i get my blog running hope you come and check it out.

PolarTrader said...

Great Blog! I wanted to share this with you. Are you tired of the Internet Marketing Rat Race? dxinone

Check this out when you have time :-)
-----------------------------------------------------------------------------------------------------------

Tom Naka said...

Hi, I was just blog surfing and found you! If you are interested, go see my alaska small business health insurance
related site. It pretty much covers alaska small business health insurance
stuff. I guess you may find something of interest.

ebgcommute said...

Hey, interesting!
Visit my site too, relating to ebook master resale right site. It pretty much covers ebook master resale right and other related stuff.
Check it out later :-)

Anonymous said...

Your message on consolidation is great! I have a site on consolidate mortgage
Your readers might find interesting. You can check it out at: http://www.apexconsolidation.com

gastips said...

Nice Blog! Its great how useful the internet can be with its wealth of information. I will try and visit you blog on a regular basis to help you out.

If you want any Gas Saving Tips feel free to visit calgary gas prices

See ya soon.. :)

St Louis Cardinals BUFF said...

So many blogs and only 10 numbers to rate them. I'll have to give you a 10 because you have done a good job. Great Job,

Free Access To More Information Aboutbusiness valuations

Bill888 said...

Enjoyed your blog - thanks for sharing. I also have an interest in chart forex pattern. If you have time, check out my site chart forex pattern. Thanks for taking the time to share your blog.

Robert Parr said...

Hello, just viewed your site. I think it is really nice and interesting. If you're interested you can view my low carb diet. Its a tlow carb diet site. Have a good day!

Robert Parr said...

Hello, just viewed your site. I think it is really nice and interesting. If you're interested you can view my low carb diet. Its a tlow carb diet site. Have a good day!

yaya said...

Hello, just viewed your site. I think it is really nice and interesting. If you're interested you can view my cellulite. Its a tcellulite site. Have a good day!

Roxo said...

Hello, just viewed your site. I think it is really nice and interesting. If you're interested you can view my lose weight fast. Its a tlose weight fast site. Have a good day!

Robert Parr said...

Hello, just viewed your site. I think it is really nice and interesting. If you're interested you can view my diet. Its a tdiet site. Have a good day!

Anonymous said...

Hey, good stuff!
I have a how to read a credit reportsite. It pretty much covers how to read a credit report related stuff.
Check it out later :-)

harvey3 said...

This blogstuff is great just looking around yours I have one too consolidation consultation debt debt free information yahoodebtconsolidation.com I have a website dedicated to gettin people out of debt all free info consolidation consultation debt debt free information yahoodebtconsolidation.com

Free Traffic System said...

Hello,

I liked your blog. I found many interesting information here.
I also give free info about forecast forex software trading on my
href="http://www.WebTradingSystem.com">Forex Trading System
site.

If you have time please visit my web site to get some free forecast forex software trading
information.

Kind regards,
Nick

Anonymous said...

Very Nice Blog Keep Up The Good work. I have a blog if your looking for computers digital cameras mp3 players dvd burners sotware. Your find all the best deals from the best stores on the net.

All Computer and Electronics shopping in one location