Gas prices to take 10 million cars off the road: report

[doh]

http://www.ctv.ca/servlet/ArticleNew...hub=TopStories

CALGARY -- Reports from two of Canada's biggest banks say rising gasoline prices are going to have a major impact on U.S. driving habits.

CIBC World Markets economist Jeff Rubin says gas prices in the U.S. will hit US$7 a gallon -- the equivalent of C$1.86 a litre -- two summers from now.

Rubin says over the next four years we're likely to see "the greatest mass exodus of vehicles off America's highways in history,'' with some 10 million fewer cars on the road by 2012.

Another report by Scotia Economics says Americans are opting for smaller more fuel-efficient cars over gas-guzzling SUVs and pickup trucks.

Carlos Gomes, an auto industry specialist, says small cars now account for one-quarter of overall U.S. sales, up from 16 per cent last year.

The meteoric rise in global crude oil, which was trading at US$138 a barrel on the New York Mercantile Exchange midday Thursday, has been a major factor in soaring pump prices.

[Canyonaro]

People saying that gas or oil will hit a certain amount of money are just allowing the industry to suspect we are fine with it. So what happens, well we all know that they will continue to raise prices until we have an economic breaking point, what a shock.

[Kennyboy]

The good news: less cars on the road emitting CO2 emissions.

The bad news: Consumers will spend less on disposable items and the car market will be the weakest in years. Not good news for GM

[PhishPhood]

Originally Posted by Canyonaro

People saying that gas or oil will hit a certain amount of money are just allowing the industry to suspect we are fine with it. So what happens, well we all know that they will continue to raise prices until we have an economic breaking point, what a shock.

Forget the news and analysts, the oil companies have an immediate feedback on their actions. They know that they're OK everytime you and I go to the pump and vote 'YES' by hitting the pump button.

That action goes directly to the boardrooms and marketing departments all over Houston. As long as we vote 'YES' then they know that they can pass on the next price increase....SOLUTION?? Don't go to the pump. Use some other means of transport. Use some other fuel. Buy a more efficient vehicle and visit the pump less often. There are a whole variety of things that each of us CAN do...if we really want to.

[Koasterking]

Yeah, that'll happen when the US improves it's mass transit. For me, driving is the only option. I can't see a bus route or train line coming in before I die.

[jman196]

Originally Posted by Kennyboy

The good news: less cars on the road emitting CO2 emissions.

The bad news: Consumers will spend less on disposable items and the car market will be the weakest in years. Not good news for GM

Last time I checked Co2 is an essential element needed for plant photosynthesis and the more Co2 there is in the atmosphere the better they grow. That is why greenhouses often pump Co2 into them to make the vegetation flourish. Also, humans and animals exhale it and trees release it when they compost. I can't believe how many people are suckered into thinking that Co2 is a toxic gas. Co2 was more abundant during the Jurassic period than it is today - and vegetation was massive. It is one of the four essential life-giving elements on this planet and we need it to survive.

Another point, gas is being driven up in price because of inflation - not supply and demand. Inflation is the expansion of the monetary base without the equal expansion in production. This is done illegally and even OPEC had to admit that this price increase is due to a dollar debasement. (when the dollar gets destroyed it cannot buy as much thus the increase in prices).

[kneedragger]

Co2 is a toxic gas...

jacked from another forum

"It is currently at a globally averaged concentration of approximately 387 ppm by volume in the Earth's atmosphere...
CO2 is toxic in higher concentrations: 1% (10,000 ppm) will make some people feel drowsy, whereas 5% is directly toxic."

we arent anywhere close to 1% but im just saying... it can be toxic

[CJ Thunder]

Originally Posted by kneedragger

Co2 is a toxic gas...

jacked from another forum

"It is currently at a globally averaged concentration of approximately 387 ppm by volume in the Earth's atmosphere...
CO2 is toxic in higher concentrations: 1% (10,000 ppm) will make some people feel drowsy, whereas 5% is directly toxic."

we arent anywhere close to 1% but im just saying... it can be toxic

So can water, so can pure O2. We all have a little mercury in us...so moderation is the key and history has shown that we are not at a max for atmospheric CO2...

Also I hate when people say that switching to some more efficient thing takes X number of cars off the road. what about shutting down X coal plants or X trains or X amount of cows farting?

[vanshmack]

Originally Posted by kneedragger

Co2 is a toxic gas...

jacked from another forum

"It is currently at a globally averaged concentration of approximately 387 ppm by volume in the Earth's atmosphere...
CO2 is toxic in higher concentrations: 1% (10,000 ppm) will make some people feel drowsy, whereas 5% is directly toxic."

we arent anywhere close to 1% but im just saying... it can be toxic

CO2 isn't toxic, it just doesn't support life. It's basically an inert gas that doesn't do much of anything beyond insulate.

[ejfx]

Originally Posted by Kennyboy

and the car market will be the weakest in years. Not good news for GM

Its sad that cars are looked at as being negative and bad.

Do people still love cars anymore (Well besides the people on this site)

Car used to mean so much to people

Damn OPEC and Feds

[I-Love-Pontiac]

It really irritates me how how everyone is still pushing this whole "going green thing". Don't they understand how serious America's economic situation is? "Global Warming" should be so low on our priority list right now. Even if it is real, if we don't have money we wont have the ability to "fight" it.

[nikivee]

The US economy would crash at $7 per gallon. Scare tactics is what this is. I'm betting oil prices will crash after September.

[PocoToro]

Originally Posted by nikivee

The US economy would crash at $7 per gallon. Scare tactics is what this is.

And take the whole world with it

[FBODYRULES]

Originally Posted by nikivee

The US economy would crash at $7 per gallon. Scare tactics is what this is. I'm betting oil prices will crash after September.

this is an interesting thought

[dindak]

More gloom and doom.

I can't stand listening to it.