Oil to $140 per barrel yesterday. I went out this morning and gas is $3.99 everywhere. Come on recession. Interest needs to go up so the value of a dollar will follow. When your salary isn't tied to a robust or dwindling economy like mine cheap money eventually costs you on everyday items.

I would be willing to say it will double by this time next year!
Lets see...$8.00 x 25=...$200...
Dang, can you put a troll motor on a paddle boat??

T

The ChampN may have to go on the market.

God hope it does`nt go that high. If so my truck and boat would have to go. That is if someone would take them. Of course alot of us would be out of work at that point dought there would be much intrest in a boat and truck. Most would be trying to survive.
J.D.

I work in the oil and gas indrustry,the word were hearing from our end of it,oil will hit $200.00 dollars bbl.gas will be in the $10.00 range,really a bad deal for this country right now,it will turn us upside down and inside out,and our Goverment will still just sit on there hands,we dont need different sources of energy,we need different goverment on both sides of the iles.

your right sir...the Government can't do "anything" about it...except drill in Alaska..which they wouldn't do..and now it's "way" to late "to" do!
T

Bankruptcy and foreclosure will be on the rise.

Nothing you can do about it.

Go ahead and make it $10.00 a gallon. I already quite tournament fishing! Lets see whets next., Cell phone, Internet, Cable TV. I can defiantly live without all that. Fishing license, Any and all Tackle purchases. What if everyone does the same thing? It,s already happening. Enjoy Mr. oil man Enjoy

Yes, there will be an influx of Smart Cars due to the Gas prices and an abundance of Gas/Diesel vehicles.

Something is definately fishing when a foreign market dictates what we do and how we do it.

It is not going to get better. Interest rates will drop to try and stimulate spending. I hope it doesn't create a Complete collapse of our economy. Depression anyone. Bush will be like Hoover.

My Skeeter is staying in the garage and now I am using my little Jonboat with a 3hp. Know what ? I am having a blast with it. I have put a trolling motor on it, a fishfinder,and 6 rodholders. With the little trailer I have, I can launch it almost anywhere..no more busy boat ramps. I can even pull it with the wife's little Honda. Back to cheap fishing trips again.
Roger

So what will happen when oil gets to $200 per barrel and nobody can afford it. Will it continue to rise? How long can prices continue to rise while demand steadily falls before there is a market correction? That is the real question.

We have long wondered what the choking point is for America to reduce it's use of oil and I think that we have hit it. I night fish and use 10% of the gas I used to, Roger t is pulling his jonboat with his wife's Honda. People are driving more fuel efficient cars to work. Every month this country is using less and less petroleum in this country. Even people who have doubted that this is a bubble are starting to realize that this is getting rediculous. Because of oil prices many developing countries are letting their subsidies of gasoline expire and gas is no longer going to be dirt cheap in those countries.

I have a friend who basically sets the gasoline prices for 1/2 the U.S. for a major gas reseller. Two weeks ago, when gas was getting around $3.75, he said that the wholesale costs of gas actually went DOWN, but they still raised retail prices. I firmly believe that the laws of supply and demand are not applying right now. Too much speculation. When --predictions-- of hurricanes raise the cost of gas, something is wrong. And has anyone noticed that oil changes are not increasing by leaps and bounds? The gasoline suppliers are gouging us, plain and simple.

It is interesting to watch right now because the high price of oil is causing the high price of oil. Somebody is going to be left without a chair when the music stops.

Even the Saudis realize that what is happening is out of control. They are calling for a meeting of OPEC to discuss oil prices and have literally said "There is no justification for the current rise in prices". They realize what this run up in prices is going to do to global demand.

Oil and Gas prices have turned into this huge emotional game. With the rise in prices from one day fueling the rise the next. True supply and demand have gone out the window. But like so many times before, what goes up...

My fear is the over the counter and unregulated trading in fuel commodities. The person without a chair when the music stops could very well be another Bear Sterns and on a much larger scale.

We simply don't know who is holding what.

http://www.zwire.com/site/news.cfm?BRD=1...G=461&rfi=9

You all are missing the point. The terrorists that can't beat us with their military have openly said that they will crush us through the crashing of our economy. Seems like that is the direction we are going and its sad that both sides of the government are just sitting back and letting it happen while they fill their own greedy pockets. It will get to a point where we all will be fishing from the bank. There will be no more catch and release because that bass will be needed to feed your family. Bush will go down in history as the worst president this country has ever seen and one of the richest. Mrs Bush is ove rin some country trying to send a billion dollars in aid. Just think what a billion dollars in this country could help to do. Lets start taking care of our own and let the rest of the world worry about themselves or we will be outside looking in.

What a great topic!!! I fish tournaments, not for money but for a club. Even though I fish with a partner to save the fuel cost; I am seriously thinking about giving it up. At least until the economy stabilizes, if it does. Perhaps the saudi's meet with OPEC creates something positive. Either way I believe that we are getting very close to a depression. Time to stock up on the necessaties. Fishing and hunting supplies are going to a priority, not only for food but my families protection. I a have already done the simple things such as putting a locking gas cap on my vehicle. Since I have had fuel stolen at night. Even though we all have the best of intentions and hopes, perhaps we should be preparing for the worse.

One thing to remember about the price of oil!
America could stop using 50% of what we use now, and the price will still go up.

China ,India and others will just take up the slack to keep it the same or make it go higher!

T

what we could do right now, is contact your representatives and tell them to close the Enron Loopholes. outside and unregulated speculation in the energy markets would end the day after the loopholes are closed.

price per barrel would drop 40.00 to 60.00 dollars.

the other thing we need to tell our representatives is to grow some balls.

Sounds like time for me to stock up on ammo, bottled water, matches, and canned food... And of course more fishing supplies

I am normally completely against gov't regulation because it stagnates growth, but it sounds like time for the gov't to step up to the plate and take care of business. Just a pipe dream, though, because the f@#&ers are the ones benefiting from this.

Is like every other problem with our govt. The radicle swings from right to left and back again. Too much regulation is a bad thing just as much as too little regulation.
Unchecked greed and hubris gave us the S&L disaster, Enron, The mortgage industry collapse and now the runaway fuel prices.

I think we all need to stop worrying about this country going "left" or "right", and start worrying about going forward.

Amen.....this current administration has done nothing to address the issue....heck they're claiming global warming is a hoax....it's almost as if they've stuck they're head in the sand. This has been coming on for many years, world-wide demand is skyrocketing (China/India) and supply is flat lined. I believe this issue (energy) is going to bring this country to it's knees. If you want to see what's happening I highly recommend renting a movie called CRUDE AWAKWNING It will really open you eyes to whats going on w/worlwide oil. The movie will literally scare you. IT's a MUST see. gary