NEW YORK, June 26, 2008

Road Warning: $7 Gas May Be Ahead

Economist Predicts Increase By 2010, Which Would Take 10 Million Cars Off The Road

  • Play CBS Video Video Seven Bucks A Gallon For Gas?

    A new energy report predicts that oil will cost $200 a barrel in two years. If that happens, gas would go up to $7 a gallon. Priya David reports on the huge impact that would have on American lives.

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(CBS)  A new energy report predicts $200-a-barrel oil in as short a time as two years. If that happens, gas would likely go up to $7 a gallon - and that would have an enormous impact on the way Americans live.

Mitchell Igelko in Miami complains rising gas prices are threatening his 20-year-old landscaping business. His two biggest trucks sit idle - he can't afford to fill them up.

Right now, Igelko's business averages $30,000 a month in gas - at $7 a gallon, that would jump to about $50,000 a month, CBS News correspondent Priya David reports.

"I think at that time, I'm gonna put a sign 'gone fishing,'" he said.

Economist Jeff Rubin predicts the $7 mark will arrive by the year 2010.

Hardest hit will be those for those making less than $25,000 a year. For them, gas will go from 7 percent of their income to a whopping 20 percent.

"People are going to be spending more on gas than they are on groceries," said Rubin. "And that's not a sustainable choice."

In fact, by 2012, higher prices could send an additional 10 million vehicles off the road.

It would certainly ease congestion. Having that many cars come off the roads is like permanently parking twice as many cars as there are in the whole state of New Jersey.

Some look to Europe for solutions to the skyrocketing gas prices.

"They drive these nice little cars which maybe we should start doing," one U.S. driver said.

Expensive gasoline has led Europeans to also drive less than we do. In America, over 90 percent of all households commute to work by car. Compare that to just 60 percent of British households.

"People's entire mindset as to what kind of vehicles they drive, where they live, choices they make on holidays, and vacations are going to be quite different, because it's starting to bite," said Joseph Romm of climateprogress.org.

For Mitchell Igelko, $4 gas is trimming his profits, but $7 gas would be a knock-out blow.


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Add a Comment See all 285 Comments
by donhminc June 26, 2008 7:46 PM PDT
This article is all about conditioning and I resent the suggestion that we should all "get ready" for this eventuality. What I hear is "this is going to happen and when it comes (not if it comes), the bitter pill will be easier to swallow". Gee, thanks for that brilliant prediction. Why not ask questions rather than push along some pundits views as gospel and wait for the next round of sensationalism which is just what the oil rich would have you do?
Reply to this comment
by noloyalisti June 26, 2008 8:02 PM PDT
We the people own and should run this country. If we let these right wing rapists run all over us, they will continue to take advantage. Letting these oil companies start wars of conquest and having speculators run the prices up at will is no longer acceptable.

When should we take our country back? Boycotts and general strikes needed before it is too late.
Reply to this comment
by incog-nito June 26, 2008 8:10 PM PDT
Just wait until the war on Iran between now and November. That will make $7 gas seem like a bargain.
Reply to this comment
by homespunlady June 26, 2008 8:17 PM PDT
And on the explanation note - profiteers leaving the stock market and moving further into commodities - in other words from conning us out of our money for NICETIES into robbing us blind on our necessities.


"By MICHAEL M. GRYNBAUM
Published: June 27, 2008
There was no relief in sight on Wall Street on Thursday, as a sharp dive in the stock markets only worsened as the afternoon wore on.

The Dow Jones industrial average fell 358.41 points, or 3.03 percent, to 11,453.42, its lowest level of the year, after a discouraging report predicted trouble ahead for some of the nation%u2019s biggest brokerage firms."



Next up, 30 percent Unemployment, sales of our infrastructure to foreign corporations, TOLL Roads everywhere and worst of all the TAKEOVER of our water resources.

Bottled water is already ridiculously expensive it''s only a matter of time before ALL water resources are controlled and going for that price.
Reply to this comment
by neonink June 26, 2008 8:17 PM PDT
Maybe come Jan 2009 Bush can start drilling in his back yard again... HELLO ARBUSTO. GWB, always the bride, never the bridesmaid.

In 1982, Arbusto became known as Bush Exploration, a year after George H. W. Bush became Vice President. A friend of the Bush family, Philip Uzielli, invested $1 million in 1982 in exchange for a 10% stake in the company, at a time when the whole company was valued at less than $400,000. As it neared financial collapse again in September 1984, Bush Exploration merged with Spectrum 7 Energy Corp., a company owned by William DeWitt and Mercer Reynolds. Bush became Chairman and CEO of Spectrum 7.

In 1985 Spectrum 7 reported a net loss of $1.5 million and was bought in 1986 for $2.2 million by Harken Energy, with Bush joining the Harken board of directors and finance audit committee.

In June 1990 Bush sold most shares in Harken to a Los Angeles broker named Ralph D. Smith. One week later Harken announced an overall loss of $23.2 million triggering an investigation by the U.S. Securities and Exchange Commission into the sale.
Reply to this comment
by accordude13 June 26, 2008 8:17 PM PDT
I am still perplexed here, folks... We are in a war in Iraq (and beyond). We have sunk billions of dollars into their country - to better life for the Iraqi people. Iraq is sitting on ALOT of oil. Why in hades are we not getting oil as repayment (because we all know we''ll never see money). Is this too logical or overly complicated for the government to figure out? Should I send my 10 year old son to the Capital to explain it? Also.... We have a President who is a Texas oilman. Do ya think he wants to see oil prices drop? Huhuhhh. We should have impeached his smart a** years ago.
Reply to this comment
by what_a_crock June 26, 2008 8:21 PM PDT
Every politician since 1973 is responsible for this and should be made to answer. They all knew (beginning in 1973) that this was coming to pass, but as usual in America, "heads are up *****."
Our politicians are too busy taxing us into oblivion supporting people who shouldn''t be here and fighting wars in which we no business.
Anyone with intelligence and the means and has already "left the building".
Reply to this comment
by rudy654-2009 June 26, 2008 8:24 PM PDT
Posted by linymo at 08:17 PM

Blame the situation all you want on Gore and the so-called liberals. The only one looking foolish is a blind cultist Limbaugh supporter who thinks the present administration is bringing prosperity.
Reply to this comment
by notopennshut June 26, 2008 8:25 PM PDT
Regardless of who will be the next president, there will not be an easy solution. Gas prices will only go UP, and will not come down again. Look at what the europeans have been paying for gas over the last 20 years! WE have been too dependent on oil and now are at the mercy of those oil producing countries. We must learn to live differently and start investing in other public forms of transportation. Neither Obama nor McCain has a magic wand and we should not depend on looking at them for solutions. The Carters years will seem like a cakewalk after we get deeper and deeper into the worst which is yet to come.
Reply to this comment
by rudy654-2009 June 26, 2008 8:26 PM PDT
Posted by Accordude13 at 08:17 PM

The oil is controlled by the oil monopolies and speculators that, even with the oil of Iraq, have absolutely no regulation or control. They are free to do you in, and as long as they have that freedom, you can dig to China for oil and more oil, and nothing will have changed when you are finished.
Reply to this comment
by canyoutellme-2009 June 26, 2008 8:29 PM PDT
This report is RIDICULOUS. Give us the name of this report so we can read it ourselves... tell us who the AUTHORS of this report is... you can''t because no such report exists. This is an attempt to CONDITION you into believing that prices on oil and gas are going up and therefore, you''re going to accept it happening.... do NOT FALL FOR THIS!

We already know there is ZERO shortage of OIL. OPEC has already said there''s plenty of supply. All the oil producing nations have said there''s zero supply shortage.

The reason OIL is so high is because of COMMODITIES TRADERS. That is IT! They speculate based on their FEAR that oil''s gonna run out but it isn''t! Global demand is NOT increasing exponentially... it just isn''t happening. This whole thing is a farce and oil WILL return back to sub 100 VERY soon if the dam commodities traders get BUSTED for who they are.

Tell us the NAMES of those trading up oil and tell us WHO THEY WORK FOR... then you''ll find a mass exodus from oil trading and prices will come back down.
Reply to this comment
by element51 June 26, 2008 8:34 PM PDT
BajaJohn1....Yes it is indeed sad to see an end to what we have taken for granted for so long. What is happening is like Walmart but on a global scale. The big always eat the small...it is a law of nature. No one believes me and I have been laughed at for years but I saw this coming 25 years ago. When Ronnie Raygun took office and started de-regulating everything in sight I knew that we were on a down hill slide. As time passed it became more and more evident that there was a tremendous transfer of wealth taking place and that big business was in the drivers seat. I made every effort I could to prepare and although our home is paid for and we have no outstanding debt it is becoming more and more difficult to maintain even a modest lifestyle. I was called a tightwad because we drove old cars and didn''t take big vacations and we saved every penny we could. We are used to a frugal lifestyle but it is still going to be difficult. I feel sorry for the younger generations because they are going to have a rough road to travel.
Reply to this comment
by rudy654-2009 June 26, 2008 8:37 PM PDT
Posted by Element51 at 08:34 PM

Usually deregulation was reserved for the mighty rich. The little guy has continued to be subject to regulations.
Reply to this comment
by rafterman1 June 26, 2008 8:39 PM PDT
===linymo: Gore has solar panels on the roof of his mansion. Paid for them out of his own pocket. Excess electricity goes back into the grid===
Posted by BajaJohn1

A fact conveniently ignored by the neocons. Gore does use a lot of energy, but he manufactueres a lot too and gives it back to the grid. The end result is that he consumes little energy.
Reply to this comment
by canyoutellme-2009 June 26, 2008 8:41 PM PDT
CanyouTellme: The commodities speculators are the large investment houses. Guess who owns most of them? Hint: They want to attack Iran.


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Posted by BajaJohn1 at 08:32 PM : Jun 26, 2008
+ report abuse

What are you saying? The Israelis own most of the brokerage houses? are you kidding me? don''t be an idiot. Or was that a Jewish link there? I''m Jewish and don''t own any brokerage house. Or are you saying it''s the republiCONs? I''d buy that one...

The FACT remains that the PEOPLE control the government if we just GET UP AND DO SOMETHING. We''re all just a bunch of dam sheeple and lemmings and will just bend over no matter what. It''s time we RISE UP and DO SOMETHING.

Reply to this comment
by leah1194 June 26, 2008 8:41 PM PDT
I cannot believe you are blaming "RONALD REAGAN" for this. First, if you accuse someone - know how to spell their name! Second, Congress it at fault here! We needed additional offshore oil drilling when Katrina came thru. Third, buy AMERICAN oil and keep the prices of oil per gallon down! Fourth, Buy in bulk, drive less! This affects farmers more! Diesel is more costly than driving cars, trucks, etc. Do you not realize what''s happening here? We are being put in a corner so we cannot provide for our families. This is due to Congress!
Reply to this comment
by mo005 June 26, 2008 8:43 PM PDT
Boy some of you people are about as stupid as it can get. If you truly believe the rebublicans are soley responsible for the way this country is today you really need to go back to school and learn about politics. WASHINGTON IS RESPONSIBLE FOR THIS. Every *** one of the rich a-s-s holes in the white house are there for thier own benefit not yours. you keep blaming bush. Yes bush needs to get out of there but do you really think Obama is there for you ha ha ha ha. Obama is getting in the white house for obama not for the people.
Reply to this comment
by leah1194 June 26, 2008 8:44 PM PDT
P.S. Do you not think its more than a bit "coincidental" how the prices of gas really sored as more illegal immigrants came to America?! Do your research online! The more people we have to support the higher the taxes. We are being charged to support these people! They aren''t our responsibility - WAKE UP! VOTE! Get them out of here or force them to get jobs and pay their own ---- Way!
Reply to this comment
by lovesamerica June 26, 2008 8:44 PM PDT
Bring it on
Reply to this comment
by canyoutellme-2009 June 26, 2008 8:44 PM PDT
I cannot believe you are blaming "RONALD REAGAN" for this. First, if you accuse someone - know how to spell their name! Second, Congress it at fault here! We needed additional offshore oil drilling when Katrina came thru. Third, buy AMERICAN oil and keep the prices of oil per gallon down! Fourth, Buy in bulk, drive less! This affects farmers more! Diesel is more costly than driving cars, trucks, etc. Do you not realize what''''s happening here? We are being put in a corner so we cannot provide for our families. This is due to Congress!


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Posted by Leah1194 at 08:41 PM : Jun 26, 2008
+ report abuse

Wow, what a load of garbage there. You''re CLUELESS. There are MILLLLLLLLLLLIONS of acres of land leases that the oil companies own IN THE US that are NOT BEING DRILLED ON. In addition, there''s no more rigs left to even start drilling, so where do you think they should get the rigs from?? Build more right? Just like that? LOL. In addition, if you drill offshore, you get a small FRACTION of the oil that you would get from the current land leases that are NOT DRILLED ON RIGHT NOW.

Offshore drilling is just a republiCON talking point now... we do NOT need that. There''s PLENTY OF SUPPLY ALREADY!! Have you seen even ONE gas station say they can''t provide gas because they have problems getting it due to lack of supply? NO... that is because there is NO LACK OF SUPPLY.
Reply to this comment
by element51 June 26, 2008 8:45 PM PDT
CANYOUTELLME...Basically I agree with you. The problem is that we have lost control and there isn''t any way to take it back. I wonder if we ever really had it in the first place. Money and power are very difficult to deal with and once any group has it they will not let go. It has been said that everyone has his price and therefore it is fairly easy for politicians to be purchased. I''m not saying that every politician is on the take but it doesn''t take all of them being bought and paid for. The thought of some sort of up-rising by the people is just wishful thinking. With organizations like Blackwater the people would never stand a chance. They let us keep our guns today but a revolver against a automatic assault weapon carried by a trained soldier is like a pea shooter against a canon. But perhaps there is hope...I just don''t know where. I do know that if we continue down the path we are on now it will not get any better. Scares the helll out of me.
Reply to this comment
by leah1194 June 26, 2008 8:47 PM PDT
This is clearly the act of Congress! Its a way to charge us to support the illegal''s that are here. Its a way to put more money in their pockets! Obama?! If you read a few quotes from him in his published book you''d see he is NOT for the American people. He said, "I will stand behind muslins" as my own.
Reply to this comment
by rafterman1 June 26, 2008 8:47 PM PDT
===We needed additional offshore oil drilling when Katrina came thru.===
Posted by Leah1194

Incorrect. The oil companies have not even begun tapping areas already open to them and now they want to open others. They need to finish what''s on their plate first before gettng back in line.
Reply to this comment
by tootall10142 June 26, 2008 8:47 PM PDT
I HOPE THEY BURN IN HELL!!!! THE GREEDY SOBS I HOPE THIER KIDS ALL DIE YOUNG AT A SLOW PACE AND ALL THIER MONEY CANT SAVE THEM ! I WISH I COULD SIT AND WATCH THEM SUFFER.NO PUNISHNENT IS LIGHT ENOUGH FOR THEM.
Reply to this comment
by canyoutellme-2009 June 26, 2008 8:49 PM PDT
They let us keep our guns today but a revolver against a automatic assault weapon carried by a trained soldier is like a pea shooter against a canon. But perhaps there is hope...I just don''''t know where. I do know that if we continue down the path we are on now it will not get any better. Scares the helll out of me.


Posted by Element51 at 08:45 PM : Jun 26, 2008

unfortunately, i agree with you. However, if we do NOT stand up and revolt, then our inaction is our own fault. We have to start somewhere.

The MEDIA is complicit in this for not reporting the facts to the world. They should be publishing stories to the world that say "THERE IS NO SUPPLY SHORTAGE" and "THE PRICE OF OIL IS ARTIFICIALLY INFLATED DUE TO TRADERS WHO DONT KNOW DIDDLY" and "WE HAVE A REPORT WITH A LIST OF NAMES OF PEOPLE WHO ARE TRADING OIL FUTURES AND ARE PUSHING THE PRICE UP, THIS IS WHO THEY WORK FOR." Etc... THAT will push the prices back down.
Reply to this comment
by ubrew12 June 26, 2008 8:49 PM PDT
CANYOUTELLME said: " [Commodities traders] speculate based on their FEAR that oil''s gonna run out but it isn''t! "
The value of a (mostly free) open market is that the proper future value of an item is (mostly) accurately set. Of course, I don''t know whether this market has been monopolated, but I suspect not. Unless this is Enron-style insider or monopolistic trading, the oil speculation market may be right in its fears.

I think this is a bubble, as you do, but only time will tell. Saying that oil is NOT going to run out is just one persons opinion. The value of a market is everyone''s opinion is used in setting the value of the item, AND they back that opinion up with money.
Reply to this comment
by u-r-right June 26, 2008 8:50 PM PDT
It''s best to get into the multi-family mindset. Your school aged children won''t have a chance to get a place of their own. I own a diesel pickup truck. Does this mean diesel prices will be more near $8? Funny how the byproduct of refined gas can be more expensive than gas itself. It never used to be like that. I guess I''ll look at converting to french fry oil and attend every protest I can find.
Reply to this comment
by leah1194 June 26, 2008 8:50 PM PDT
hda to do some research. Here you go! Below are a few lines from Obama''s books; In his words!

From Dreams of My Father: ''I ceased to advertise my mother''s race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.''

From Dreams of My Father : ''I found a solace in nursing a pervasive sense of grievance and animosity against my mother''s race.''

From Dreams of My Father: ''There was something about him that made me wary, a little too sure of himself, maybe. And white.''

From Dreams of My Father: ''It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names.''

From Dreams of My Father: ''I never emulate white men and brown men whose fates didn''t speak to my own. It was into my father''s image, the black man, son of Africa , that I''d packed all the attributes I sought in myself , the attributes of Martin and Malcolm, DuBois and Mandela.''

And FINALLY the Most ------- one of ALL of them!!!

From Audacity of Hope: ''I will stand with the Muslims should the political winds shift in an ugly direction.''
Reply to this comment
by canyoutellme-2009 June 26, 2008 8:50 PM PDT
This is clearly the act of Congress! Its a way to charge us to support the illegal''''s that are here. Its a way to put more money in their pockets! Obama?! If you read a few quotes from him in his published book you''''d see he is NOT for the American people. He said, "I will stand behind muslins" as my own.


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Posted by Leah1194 at 08:47 PM : Jun 26, 2008
+ report abuse

Leah, you''re a troll... you gave it away with Obama''s supposed quote from his book... that was not the REAL quote. Why don''t you publish the REAL one and then we''ll talk. Until then, you just gave yourself up as an ignorant neoCON talking point tool. I bid thee farewell.
Reply to this comment
by rafterman1 June 26, 2008 8:52 PM PDT
===This is clearly the act of Congress! Its a way to charge us to support the illegal''''s that are here.===
Posted by Leah1194

McCain supports relaxed immigration standards too.

===If you read a few quotes from him in his published book you''''d see he is NOT for the American people. He said, "I will stand behind muslins" as my own.===
Posted by Leah1194

Also incorrect - taken out of context. What Obama said was that if things even got to the point of us interning Muslims and middle easterners like we did with Japanese in WWII, he would stand with these people against the injustice.
Reply to this comment
by arrestbush1 June 26, 2008 8:54 PM PDT
The North American Union is supposed to happen in 2010 if it''s true. So many signs point to it.
Reply to this comment
by rafterman1 June 26, 2008 8:54 PM PDT
===From Audacity of Hope: ''''I will stand with the Muslims should the political winds shift in an ugly direction.''''===
Posted by Leah1194

The actual quote from the book (NOT taken out of context):

From page 261 and is as follows: "Of course, not all my conversations in immigrant communities follow this easy pattern. In the wake of 9/11, my meetings with Arab and Pakistani Americans, for example, have a more urgent quality, for the stories of detentions and FBI questioning and hard stares from neighbors have shaken their sense of security and belonging. They have been reminded that the history of immigration in this country has a dark underbelly; they need specific reassurances that their citizenship really means something, that America has learned the right lessons from the Japanese internments during World War II, and that I will stand with them should the political winds shift in an ugly direction."

Reply to this comment
by canyoutellme-2009 June 26, 2008 8:55 PM PDT
CANYOUTELLME said: " [Commodities traders] speculate based on their FEAR that oil''''s gonna run out but it isn''''t! "
The value of a (mostly free) open market is that the proper future value of an item is (mostly) accurately set. Of course, I don''''t know whether this market has been monopolated, but I suspect not. Unless this is Enron-style insider or monopolistic trading, the oil speculation market may be right in its fears.

I think this is a bubble, as you do, but only time will tell. Saying that oil is NOT going to run out is just one persons opinion. The value of a market is everyone''''s opinion is used in setting the value of the item, AND they back that opinion up with money.


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Posted by ubrew12 at 08:49 PM : Jun 26, 2008
+ report abuse

With all due respect, although you''re generally correct on that statement, in terms of OIL, it''s bupkis. It is artificially inflated. It''s not just a bubble, it''s a super bubble. Oil will *eventually* run out, but not any time in the near future. I want to see just ONE report from someone that is a professional in oil exploration that says that OIL is running out to where it''ll disappear in the near future (10 years?). ANY report. No such report exists! OIL is NOT running out and everyone knows it.


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Posted by u-r-right at 08:50 PM : Jun 26, 2008
report abuse
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by leah1194 June 26, 2008 8:56 PM PDT
McCain is for having the illegals stay here but forcing them to get jobs and pay taxes along with the rest of us. Now, I did not vote for him NOR Obama on prelimanaries; however, I did want the man from New Mexico to win! When given a choice of a bad apple or a bad apple whom do you vote for? "A Bad Apple!" Quoted Shakespeare!
Reply to this comment
by deepthinker4 June 26, 2008 8:56 PM PDT
this is all john "d**khead" Rockefeller''s fault. that b****** is the whole reason were dealing with these *** oil prices!!! if he would have left everything the hell alone, there would be actual competition among the oil companies. but no, he had to become the world''s first billionaire by *** everyone over for the next century. We need to invade Iran for these reasons.
1. to free the people from the tyranny of islam.
2. to seize their oil so they cant bully us anymore.
3. TO STOP THE THEIR PLANS OF A MASS NUCLEAR SUICIDE BOMBING THAT THEY''RE PLANNING!!!!!!!!!!!!!!
Reply to this comment
by leah1194 June 26, 2008 9:01 PM PDT
We were taught in Earth Science in 2005 (I''m in my 30''s BTW) that our resources for oil if used continuously without change will be depleted within 40 years. That is the reason for the urgency of the natural gas and energy resources must be focused someplace else. We have over 70 million barrell''s of oil in reserve. Why do we keep so much in reserve?! Why does the barrell keep going up then? And furthermore, on Thursday''s is when it ALWAYS without fail increases before the weekend so that by Friday when the majority are filling er'' up for the weekend - the price per barrell goes higher. Fill up on Wednesday! Stay put! Register to vote* and vote* If you are making less than $10.00 an hour - you are losing money by working - stay home. Collect food stamps and get Medicaid for you and/or your children. Might as well--our taxes are paying for non-tax paying citizens to have it. I''d rather pay taxes for my american tax paying neighbor to receive assistance than someone wanting a free ride!
Reply to this comment
by element51 June 26, 2008 9:05 PM PDT
Leah1194....There are so many inaccuracies in your posts that I won''t even try to answer them all. It is quite obvious that you are incredibly ill informed. There is a vein of Rush Limbaugh in your posts as well. You can''t even get the quotes from Obama''s book right. His father was BLACK not white. You take what you seem to think is the most daming quote entirely out of context. He was speaking of American muslims that are being discriminated against. AMERICANS. And as a black kid with a white mother, he did not want to appear to be an "uncle Tom". What you have done here is typical of the right wing radio shills. You take a few words, totally out of context, and twist them to fit your agenda. Don''t fool yourself. There are a lot of us out here who can read and comprehend and we just aren''t buying your BS anymore. Try something new...something we haven''t seen and heard over and over. Surprise us. And study up on recent American history. You''ll be surprised at what you will find.
Reply to this comment
by leah1194 June 26, 2008 9:06 PM PDT
Oh yes! Let''s not forget--another reason the gov''t wants to overcharge us on fuel - the A.R.M (adj rate mtg''s) - more than 65 million homes last month "alone" were foreclosed on by the gov''t! The Gov''t does not want to lose that money so guess who has to help pay for it?! Their stupidity for coming up with the A.R.M and our penalties! We need to vote everyone of those ***holes out of office! Start fresh!Personally, I am All for the oil drilling of Panama City Beach, Florida! If you haven''t heard about that either - do the research on that one!
Reply to this comment
by leah1194 June 26, 2008 9:11 PM PDT
Can you quote me where I said his father was white? I know that Obama is mixed race. I quoted (copy and paste) from another news.com internet article! I did NOT purchase the book nor will I purchase the book. I do not believe in giving that man one penny proceeds! Rush? I do NOT watch Rush! However, I do watch Bloomberg, Foxnews and Headline news. I do internet.com newschannels articles also. The majority of people (changing subject) do not realize how they are eligible for state assistance. If you are a family of five and one spouse is working at $15.00 or less per hour; then the family is fully eligible for food stamps and medicaid for the children. If neither adult is working they are both eligible for Medicaid! You can be a family of four and make up to $45,000.00 in 2006 and get WIC for children under five! Contact your neighbors, family and friends and lets help one another out here. We have paid taxes! Instead of sending it to Mars in a rocket ship - lets help feed and care for one another.
Reply to this comment
by element51 June 26, 2008 9:12 PM PDT
Leah1194....I didn''t misspell Reagan''s name. That''s called sarcasm. Drilling on American soil might help in about ten years. It is not congress that has prevented drilling...the oil companies have 65 million acres that they could have been exploring and chose not to do so. There are a number of refineries that are sitting idle and the ones in production are only at 85%. As for "American oil" most of the oil coming down the Alaskan pipeline is sold on the world market and never gets to American consumers. Get your facts straight.
Reply to this comment
by leah1194 June 26, 2008 9:13 PM PDT
Toyota Hybrid Camry fulled loaded $25K sticker price for 2009 model. You may also want to know it made the top 12 list on America''s greenest cars for 2009 coming in at number 10! Average City miles was 34mpg and Hwy at 44 mpg.
Reply to this comment
by incog-nito June 26, 2008 9:20 PM PDT
melchg: The Chevy Volt is too expensive for a small car. Ultimately most people are more concern with their budget than with nebulous concepts like conservation and the environment. You can buy a decent econo-car right now for about $10-12K that gets 35 mpg. That''s a lot more sensible than selling out $30K (possibly much more with supply/demand) for an interesting concept with limited value (think driving range).
Reply to this comment
by xraytwonine June 26, 2008 9:23 PM PDT
everything goes up especially in the west coast... mobility is what made those states possible... think about Las Vegas, woohoo!
Reply to this comment
by leah1194 June 26, 2008 9:23 PM PDT
Here are a few sites for you to read and perhaps you can tell them (since they are professionals) they have their facts wrong. As you are correct and we (them and I) are mistaken! This is to "Element" of course - since I have my facts miscontrued! Additionally, I suggest everyone take a "peep" since it talks about the increase of fuel prices, which companies belong to whom, etc.

http://www.msnbc.msn.com/id/14095881/

http://www.gravmag.com/oil.html

(this is from June 19th!) http://www.washingtonpost.com/wp-dyn/content/blog/2008/06/19/BL2008061901673.html

http://www.nytimes.com/2008/06/19/world/middleeast/19iraq.html

http://www.roadstoiraq.com/2008/01/29/american-oil-companies-offered-five-million-dollars-to-each-iraqi-mp-to-pass-the-oil-law/
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by element51 June 26, 2008 9:27 PM PDT
Leah1194....You really crack me up. You quote from a book you haven''t read because you don''t want Obama to get your money. OK. You get your news from Faux News...Limbaugh would be better than them. You get information off the net then quote it without verifying. You don''t know that Obama''s mother was white, his father was black, and he was raised by his white grandparents. Leah, please inform yourself. You are being used is a most shameful way. Don''t let yourself be a victim. I sense that you are a good hearted person and you want the best for your country and your family. Don''t let yourself be abused. Learn the truth and if you still feel the way you feel now than go with your heart but don''t jump till you''re sure there is water in the pool.
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by fstop100 June 26, 2008 9:28 PM PDT
Force the oil companies to pay for mass transit, at the turn of the century they bought all the trolley car lines and put them out of business.. now lets make them put them back into operation.
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by stick1770 June 26, 2008 9:29 PM PDT
Hey element, get your facts straight. American Refinerys are trying to expand and can''t due to tree huggers and epa bull. There is one in Wood River, IL that is trying to expand capacity and can''t due to some court battles with tree huggers.

They are trying to get more oil from our areas and Canada but can''t due to stupid lawsuits over global warming lies and protecting bears.

Also since you know nothing about US refining you have no basis to make comments about capacity or the like.
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by obama8years June 26, 2008 9:32 PM PDT
Obama doesnt want to Drill. Does anyone know why. Is it because he wants to control the country with his marxist Ideas.

11. Dictate to Americans that they should be ashamed for using 25% of the world''s energy while only having 3% of the population and that A/C thermostats in should be set at higher than 72 degrees.

12. Give up America''s sovereignty for the "good of the world" and to save the planet from "global warming" by supporting new treaties on international boundaries, not drilling in ANWR or offshore, but standing by while Castro plans to drill off the Florida coast.

13. Campaigning on a message of "change", because it sounds good.


The list can go on and on, as Castro and Obama share many principles for the formula for a failed state, but one in which the party of the "new poor" remains in power through the growth of government. As this party provides more and more entitlements for its citizens and big government prevails, the country becomes less and less productive. Eventually, America''s economy is no better off than Cuba''s. Therefore, Fidel, go ahead and send Obama that box of Cohibas, for he is a Marxist just like you.
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by leah1194 June 26, 2008 9:32 PM PDT
I do not care whom Obama was the child from --only that he stands behind muslims more than the american people. Fox news is reputable. I guarantee they have higher paid lawyers doing research than you could eva (ebonics for you) afford! Face it! I gave you references and you don''t like it one bit. I will neva vote for OBAMA! He did not wear the American flag pin on one of us public announcements last year--said something along the lines of "its a reminder of 9-11" blah blah blah -- LOOK THAT UP --- washingtonpost and newyork times! They have photographs and quotes of the reasoning behind that. Get onto somethign that counts here --- we are all in trouble with the politicians in office! We need to get them out of office! Help your neighbors, family and friends by teaching them the assistance programs available for them. If you have land and can afford to grow any extra vegetables to share -- do it! I DO! I give away tomato''s, cucumber''s, hot peppers, butter beans away -- I grow it because I have the land to do it and give it away ---
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by obama8years June 26, 2008 9:33 PM PDT
7. Convince the public, that America is perceived as evil, thus, hated by the rest of the world.

8. Abandon America''s principle of helping the world rid itself of dictatorships, thus, put our weapons down, throw our arms up, and retreat in shame from Iraq.

9. Support dictatorships throughout the world and elevate them to be recognized by the US as worthy leaders that need to be heard without preconditions - legitimize them

10. Grow the support base by expanding the lowest income class in the country by increasing and broadening entitlements; however, add to that the importation of poverty into the United States by giving Amnesty to well over 20 million illegal aliens in the country. Furthermore, promote this policy in order to attract even more illegal immigration prior to the granting of the amnesty in order to achieve the highest number of "new, uneducated, government-dependent poor class", I call the "new poor".
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