Advertisement

Archive for Sunday, June 8, 2008

Oil producers urged to boost output

June 8, 2008

Advertisement

— Leading energy-consuming nations urged oil producers Saturday to boost their output to counter soaring prices threatening the world economy, while they pledged to develop clean energy technologies and improve efficiency.

The five nations - the United States, China, Japan, India and South Korea - differed, however, on how urgently oil subsidies should be phased out, with Washington backing bold movement while India and China warned of political and economic instability.

Cabinet ministers from the five countries, which account for more than half the world's consumption of energy, agreed that the sharp surge in oil prices was a menace to the world economy, and that more petroleum should be produced to meet rising demand.

"It's not good for producing nations to see the U.S. struggling economically. They depend on us to be a significant engine in world economic activity," U.S. Energy Secretary Samuel Bodman said.

The current president of the Organization of Petroleum Exporting Countries, Chakib Khelil, has said that the cartel will make no new decision on production levels until its Sept. 9 meeting in Vienna.

Oil prices made their biggest single-day surge on Friday, soaring $11 to $138.54 on the New York Mercantile Exchange, an 8 percent increase. That followed a $5.50 increase the day before, taking oil futures more than 13 percent higher in just two days.

World oil production has stalled at about 85 million barrels a day since 2005, while global economic growth - boosted by spectacular surges in China and India - has pushed demand to unprecedented levels.

Analysts also have cited the decline of the U.S. dollar, fears about the long-term supply of oil and aggressive speculation as factors in rising prices.

The five consumer countries, meeting before an energy conference of the Group of Eight industrialized nations and Russia today, argued that the unprecedented prices were against the interests of both producers and consumers, and imposed a "heavy burden" on developing countries.

The ministers also vowed to diversify their sources of energy, invest in alternative and renewable fuels, ramp up cooperation in strategic oil stocks in case of a supply shortage, and improve the quality of data on production and inventories available to markets.

The group diverged somewhat over oil subsidies. The International Energy Agency has estimated that oil subsidies in China, India and the Middle East totaled about $55 billion in 2007.

The United States, which has its own energy subsidies, urged countries such as China to lower its oil supports, which enable domestic consumers to enjoy cheaper gasoline. Subsidies shield consumers from higher prices, meaning consumption does not decline despite rising expenses.

But China and India, while signing onto a statement recognizing the need to eventually phase out such subsidies, argued that removing such supports quickly could trigger political and economic instability.

"We are taking very precise and delicate measures so we will not destabilize the government," said Zhang Guibao, China's delegate. "If we face such problems in a country such as China, with a large population ... there would be adverse impacts felt throughout the world."

India is already facing such effects. The government on Wednesday hiked gasoline and diesel prices, triggering protests by consumers who blocked rail tracks and roads and shut down businesses.

Comments

BigPrune 6 years, 6 months ago

It doesn't matter how much more oil gets produced. The increase might only help a smidgen as it is George Soros and his hedge fund buddies running up the price of oil.Let's see how much more George Soros' hedge fund will manipulate the oil markets and inturn the stock market so he can get his man (Obama) elected. Let's see how much his green companies increase in value, let's see how many people blame the high gasoline prices on Bush trying to make his buddies rich. What a brilliant move by Mr. Soros. How much can the American people take with the high gasoline prices? Enough to elect Mr. Soros' man into office so the gas prices might go down? Will they ever go back down?"The Wall Street Journal has reported that hedge fund operator John Paulson got a visit from Soros after Paulson had made about $4 billion betting on a housing market collapse. Soros wanted to know how he had done it. But Soros wouldn't talk to the Journal about his meeting with Paulson."Soros needs to ask a billionaire like Paulson how he made his money?Isn't it more likely Soros invited Paulson to become a member in one of his private billionaire clubs like Democracy Alliance or into a plan to help sway voters into voting for Obama in the fall elections.According to an article in the New York News & Features the top ten earners in the Hedge Fund Market are:1. John Paulson, Paulson & Co. ($3.7 billion)2. George Soros, Soros Fund Management ($2.9 billion)3. James Simons, Renaissance Technologies Corp. ($2.8 billion)4. Philip Falcone , Harbinger Capital Partners ($1.7 billion)5. Kenneth Griffin, Citadel Investment Group ($1.5 billion)6. Steven Cohen , SAC Capital Advisors ($900 million)7. Timothy Barakett, Atticus Capital ($750 million)8. Stephen Mandel Jr., Lone Pine Capital ($ 710 million)9. John Griffin, Blue Ridge Capital ($625 million)10. O. Andreas Halvorsen, Viking Global Investors ($520 million)Mr. Soros started move on . org, and is a financial backer of Obama's campaign.All on our backs so he gets rich and he gets his man elected.Incidentally, Mr. Soros said oil increases will continue until the United States and Great Britain is in the worst recession, even worst than the Carter years of the 1970's. Goldfinger has to get his man elected. Of course, the recovery will start towards the middle of Obama's presidency so he will look good as dramatic changes to the economy happen by the lowering of gasoline prices. Just in time for his re-election bid.Soros screwed with the economies of France, Russia and he killed the Bank of England. This is par for the course and it is all legal.Don't forget to vote Obama.

Rickyonealku 6 years, 6 months ago

75% of the oil and gas profits are made from outside the United States. Let me repeat 75% of the oil and gas profits are made from outside the United States. Devon Energy out of Oklahoma City, Oklahoma made a HUGE discovery off the Gulf cost but will not be in pipeline for another 5 or so years. So for the time being, people walk walk or ride your bike again, we all remember how to ride a bike??? right??? The price of gas in Saudia Arabia is 45 cents that's right only 45 cents a US Gallon.

notajayhawk 6 years, 6 months ago

Lordie you're a dense one, jackie-boy.The fundamental difference which your limited intellectual capacity and just plain delusional obstinence prevent you from seeing is that when the government spends money on roads and airports, it benefits every person in the population as individuals, it follows the will of the people who have chosen the benefits of automobile travel and air travel that trains and buses are simply and completely incapable of providing, and it advances the concepts of personal liberty and choice. Socialism, jackie, is when the choices and freedoms of the individual are subjugated to the government's decisions as to what better benefits the state, like telling someone they don't have the right to drive a car or fly in a plane even when they can afford it because the country needs to reduce its oil consumption, or that everyone has to use mass transit or commute by train instead of by car because it's better for the environment, or that we have to surrender at least part of our individual freedoms and be good little automotons going where the government says we can go when they say we can go how they say we can get there. Sorry you're not capable of distinguishing between the two, jackie, but after all your blabbering on these threads, I never expected any more from you. At least this time you managed to refrain from ranting about how this is all related to imports from China and NAFTA and Social Security - at least you're progressing, even if you still have a long, long way to go (but then, I should have expected someone who prefers train travel to take a lot longer to get there).

notajayhawk 6 years, 6 months ago

JackRipper (Anonymous) says: "Free enterprise means private property which means if it had been free enterprise we would have continued with a turnpike system, especially if it was in so much demand. But you see nota, the government owns the road."You're a tiring old fool, jackie, and I realize coherent thought isn't one of your strong suits, but just out of curiosity: Where does the 'government' get the money it spent on building those roads and continues to spend on their maintenance and expansion? Ya' think maybe - just maybe - it comes from the taxes paid by the 99% of the population who makes use of those roads, jackie? Now, if the tiny segment of the population who rides the trains wants their taxes to be used to pay for the trains, hey, you got my vote - I'm all in favor of cutting funding for rail travel back to that level."Your having it both ways really shows that you aren't discussing this as a national issue but just maintaining your selfish lifestyle."My "selfish lifestyle" is the one preferred by 99% of the population, jackie, the ones who don't want the delusional fringe like you dictating what you think our lifestyle should be, and it's preferred because it benefits the overwhelming percentage of the population, not just a disgruntled fringe like yourself."And again, please, if the trains were what they could be a whole lot of people would be using them."I really am beginning to think your ability to comprehend reality is pathological, jackie, please get some help for your own sake. The part you either keep forgetting, are incapable of comprehending, or just plain deliberately leave out in an attempt to blow smoke is there used to be a rail system such as you describe. It wasn't taken away from us, it isn't being kept from us, it was abandoned because people preferred the flexibility and freedom of cars and the speed of air travel. And all your wishing that wasn't so, all your deluded logic that expanding a system that people aren't using now will get more people to use it, all your bluster and smoke-and-mirrors doesn't change the fact that trains can not and never will be able to provide the advantages that people have chosen over the past century. You seem completely incapable, as evidenced by your belief that it's just me that wants cars and planes and not trains, of accepting that 99% of the American public doesn't think like you do and doesn't want what you're trying to sell.I'm really beginning to think you are Clay Chastain, not just one of his deluded kool-aid disciples.

Sean Livingstone 6 years, 6 months ago

Hey guys, what's wrong with making money???

BigPrune 6 years, 6 months ago

They make more money because Soros is driving up the price of crude. They can't help it how the futures market is driven, when the prices go up, they make more money.Makes the plan even more ingenius. He's an evil genius.An even worse recession than the Jimmy Carter years is coming, as foretold by Mr. Soros. At least he will get richer, the poor will get poorer, and he will get Obama elected. You should be happy logrithmic. This election is in the bag baby!Don't forget to vote Obama! Hope the price is worth it!

BigPrune 6 years, 6 months ago

It doesn't matter how much more oil gets produced. The increase might only help a smidgen as it is George Soros and his hedge fund buddies running up the price of oil.Let's see how much more George Soros' hedge fund will manipulate the oil markets and inturn the stock market so he can get his man (Obama) elected. Let's see how much his green companies increase in value, let's see how many people blame the high gasoline prices on Bush trying to make his buddies rich. What a brilliant move by Mr. Soros. How much can the American people take with the high gasoline prices? Enough to elect Mr. Soros' man into office so the gas prices might go down? Will they ever go back down?"The Wall Street Journal has reported that hedge fund operator John Paulson got a visit from Soros after Paulson had made about $4 billion betting on a housing market collapse. Soros wanted to know how he had done it. But Soros wouldn't talk to the Journal about his meeting with Paulson."Soros needs to ask a billionaire like Paulson how he made his money?Isn't it more likely Soros invited Paulson to become a member in one of his private billionaire clubs like Democracy Alliance or into a plan to help sway voters into voting for Obama in the fall elections.According to an article in the New York News & Features the top ten earners in the Hedge Fund Market are:1. John Paulson, Paulson & Co. ($3.7 billion)2. George Soros, Soros Fund Management ($2.9 billion)3. James Simons, Renaissance Technologies Corp. ($2.8 billion)4. Philip Falcone , Harbinger Capital Partners ($1.7 billion)5. Kenneth Griffin, Citadel Investment Group ($1.5 billion)6. Steven Cohen , SAC Capital Advisors ($900 million)7. Timothy Barakett, Atticus Capital ($750 million)8. Stephen Mandel Jr., Lone Pine Capital ($ 710 million)9. John Griffin, Blue Ridge Capital ($625 million)10. O. Andreas Halvorsen, Viking Global Investors ($520 million)Mr. Soros started move on . org, and is a financial backer of Obama's campaign.All on our backs so he gets rich and he gets his man elected.Incidentally, Mr. Soros said oil increases will continue until the United States and Great Britain is in the worst recession, even worst than the Carter years of the 1970's. Goldfinger has to get his man elected. Of course, the recovery will start towards the middle of Obama's presidency so he will look good as dramatic changes to the economy happen by the lowering of gasoline prices. Just in time for his re-election bid.Soros screwed with the economies of France, Russia and he killed the Bank of England. This is par for the course and it is all legal. Don't forget to vote Obama.

Compy 6 years, 6 months ago

no matter how intelligent you sound, or how many facts you can produce, systematically referring to your enemies with BIG CAPS and "clever" wordplays makes anyone sound like Rush Limbaugh. Nothing will ever be accomplished when people cannot separate their opinions and beliefs froms righteousness.

BigPrune 6 years, 6 months ago

I'm simply pointing out something obvious that (all caps) EVERYONE is ignoring.The election is in the bag. Obama is our next president. You should be happy. Hope the price is worth it!

Adrienne Sanders 6 years, 6 months ago

Use less, people. Not just less gas, less everything.

Centerville 6 years, 6 months ago

Or you could look to that genius, Chuck Schumer: if Saudi Arabia produces 1 million more barrels of crude per day, the cost will drop $20.00 per barrel, if the US produces 1 million more barrels of crude per day, the cost will only drop $.01 per barrel.

notajayhawk 6 years, 6 months ago

Oh, jackie, it's so tiring to hear your socialist rants. I know the entire concept of a free market is disdainful to you, jackie. I know it irks you to think that people have the audacity to want to go where they want when they want how they want instead of being forced by people like you to give up their freedom and convenience because old fogies like you yearn for the old days.And again, jackie, if you weren't so delusional, you'd realize that if it hadn't been for the fact that people wanted that freedom and convenience that was given to them by the introduction of the automobile (the "horseless carriage" to you), the government (aka the people) wouldn't have built those roads. See, jackie, that's the difference between the form of government most of us in this country want and the socialist system you crave for: The government built the roads in response to the desires of 99% of the population, not the 1% like you who want to force your will on the rest of us.

Sean Livingstone 6 years, 6 months ago

We shouldn't totally blame Bush and his government. A lot of the blames has to be on ourselves: Why didn't we reduce oil consumption in the first place? Why didn't we buy a home that we can afford? Why didn't we buy responsibly, and make sure our products are made responsibly? Corporations are there to earn profits, and guess what? We profit when they profit, like it or not. Those of us who own stocks and bonds, know that these are tied intimately to the profits of corporations. The only sustainable way to make our growth sustainable, is through the power of the people. That's real democracy. It's not about asking the government or corporation to reduce their benefits for the sake of the citizens. You can raise up protectionism for a few years and enjoy the fruits, but the fruits will rot in a few years. Obama gets some messages correct, but there are some flaws to his plans and strategies. Mccain gets other messages correct, but some flaws to his plans. Without knowing the truth, it's always hard to make the right decisions.The very first step to a sustainable world is to live one yourself. The very first step to responsible corporate governance is demand it yourself and as a nation. The very first step to prevent the mortgage crisis is not to be engaged in such mortgage yourself. The very first step in making the economy sustainable, is to be responsible yourself.Take an example, many cities in California, police can get paid as much as $250,000! And get 90% pension after retirement. Ask yourself, is that sustainable? While we kept complaining about gas prices, why are we buy huge LCD TV all these times when we have the opportunities to save and live responsibly? When the crisis comes, we blame the government and corporations, and NEVER OURSELVES!Good luck folks, Good evening!

BigPrune 6 years, 6 months ago

They make more money because Soros is driving up the price of crude.Makes the plan even more ingenius. He's an evil genius.An even worse recession than the Jimmy Carter years is coming, as foretold by Mr. Soros. At least he will get richer, the poor will get poorer, and he will get Obama elected. You should be happy logrithmic. This election is in the bag baby! Don't forget to vote Obama! Hope the price is worth it!

notajayhawk 6 years, 6 months ago

One of us apparently doesn't "get it," jackie. No wonder you don't even know you're a socialist, you don't even know what that means.When the government responds to the will of the people, (e.g. by spending their tax dollars to build an infrastructure for the activities those people demand), that's democracy. When the desires of the people are seconded to the will of the state and the people are forced to respond to the will of the government (e.g. by being told where they're allowed to travel and when and how) because it's better for the state even if it's not what the people want, that's socialism.Please try to learn something before trying to argue.

budwhysir 6 years, 6 months ago

I dont precieve railways and gas stations to be very social. However my views have never stacked up to the every day thinking of voters and politicians in todays modern world. Would we consider the yesteryear books of the rail transportation to be history?? Or a setup to the modern ways of taxation? Im all for making money, however many have found a way to make money from the everyda working mans hard labor. Whats mine is yours and I will make more mentality has placed us in a society of throw away spend more fools calling the shots

budwhysir 6 years, 6 months ago

So as a business person making record profits on products produced for years, would you increase spending to increase production on a product you are already selling at record high prices? I think not.Until the consumers of oils and fuels find a way to lower our dependency on a product that is being sold at crazy prices. we will be inslaved to the oil barrons for ever. Not to mention that the new hydrogen cars require a purified modified water that will cost upwards of 3 dollars a gallon. No matter where we turn the big guys will find a way to get your money no matter what.While on the subject lets talk about free transportation such as bikes or walking. Should we tax these methods of movement to ensure the profitability of large companies? Dont you feel guilty using these forms of movement without sharing your low valued dollar with someone who has more than you can dream of?????

Daytrader23 6 years, 6 months ago

I love how some of you idiots blame Soros. He is just one man in a market where trillions of dollars changes hands every day. One man cannot influence an ENTIRE market.I really would like to thank the "Lets blame Soros" idiots. You made me laugh out loud. How about Let's blame the ever wasteful, living like pigs, non conserving Americans. Thats where you will find the real root of this problem. Go ahead, blame someone other than the person who drives a Ford truck that has a 454 V8 with a 12 inch lift kit and 38 inch tires.Yes it must be Soros fault, your right. LOL

notajayhawk 6 years, 6 months ago

Gee, I wonder why logrithmic Hasn't posted an equally lengthy and exhaustive (and exhausting) diatribe detailing the efforts of the DemoCRACKs to control the price of oil.logrithmic: "In fact, GM destroyed it's workable electric car solution. Trashed it, even as people stood in line to buy it."Then again:http://news.yahoo.com/s/ap/20080603/ap_on_bi_ge/gm_shareholders"General Motors is closing four truck and SUV plants in the U.S., Canada and Mexico ... the iconic Hummer brand will be reviewed and potentially sold or revamped ... the GM board has approved production of a new small Chevrolet car at a plant in Lordstown, Ohio, in mid-2010 and production of the Chevrolet Volt electric vehicle in Detroit."And why? Because that's what the market is demanding. This is the way it has worked in the past and (in a free society) should continue to work in the future. The price of gas goes up, people start driving more fuel efficient vehicles bringing demand down, the price stabilizes or even drops, people start using more thereby increasing demand, the price goes back up, rinse and repeat.Maybe we don't need the government to tell consumers to do what they're apparently smart enough to figure out for themselves. And maybe we don't need the government forcing the car companies to do what their customers can tell them to do more effectively.

notajayhawk 6 years, 6 months ago

Oh, gee, jackie, and I thought you might stay on topic tonight instead of drifting off into your socialist rants.Are you implying by your pointless question, jackie, that the need for roads applies to a minority like the number of people without health insurance? Because it's the whiners like you that cry over the loss of their pet choo-choos that's closer to the people without insurance.But I guess, as a true socialist, you would think that the rest of us owe you something. Or is that everything?

notajayhawk 6 years, 6 months ago

JackRipper (Anonymous) says: "I'm mr free market, I want to let the market work"The owners of the 250,000,000 registered passenger vehicles have made a sizable personal monetary investment casting their votes for travel by road. Less than one percent of the American public chooses to do their traveling by train, and that's with half their fare paid for by taxes. The free market has decided, jackie-boy. Nobody wants to play with your choo-choos anymore. But keep pushing for that socialist government you want so bad (even if you don't understand what it is), and maybe you'll get your wish and the government will force us all to give up our individual rights and travel the way you want us to.

budwhysir 6 years, 6 months ago

thats right, it is just plain common sense to agree with facts that are factual and not misleading such as political speaches of lossing tax dollars to common interests like global warming and french fries. However, the expanding demand for the almighty dollar brings the effect of shiny coins. If one can only demand the change of the past, then the future will only cast a shadow of doubt on the political satire that faces this nation. And then what do we do?? Ride a train the bank? fly a plane to the ballgame? Pay the shortstop and extra 2 million a year? Who in thier right mind would support a guy making millions of dollars playing a game while I struggle to buy 4 dollar a gallon gas? What is this ballplayer to do? buy a hummer and a private jet? Possibly he could buy interests in an oil comapny

Richard Heckler 6 years, 6 months ago

The largest contributor to increased gasoline prices is all americans who continue to buy no matter the cost.All americans who honestly believe the USA government can dictate the cost of doing business with oil suppliersAmericans who are living business as usual. Americans who refuse to walk,bike or use public transportation when in fact that is smart dollars and sense.Americans who refuse to drive fuel efficient automobilesAmericans who believe oil products do not pollute in order to justify their desire to drive gas hogs. This is called denial.Americans who say I can afford gasoline no matter what. That my friends drives inflated pricing which screws everyone and makes zero dollars and sense and is dumb.Wars for oil control is not free!All americans who believe it's okay for soldiers to die or become permanently disabled so long as it is not them or their children.It is after all a republican administration who lied to attack and is assisting in taking this economy down the tubes.*Yes folks it is us screwing up our own cost of living instead demanding an end to all of the madness stated above. Instead we believe politicians!

notajayhawk 6 years, 6 months ago

I'll save you the trouble of switching back and forth and post this here, too, jackie:Well, jackie-boy, as much fun as this has been, some of us have jobs to get to. It's been a real pleasure watching you make an utter jack___ out of yourself, and as much as I respect your desire to be a card-carrying socialist and impose the will of you 1-percenters on the rest of the country, I think I'll pass on the claptrap you're trying to sell - as, luckily, will the overwhelming majority of the rest of the citizens of this country. Enjoy swimming in your bile, jackie, but when you get over your bitterness at having your choo-choos taken away, you're welcome to join us in the 21st century.

notajayhawk 6 years, 6 months ago

merrill (Anonymous) says: "The largest contributor to increased gasoline prices is all americans who continue to buy no matter the cost."I'm sure the over one billion people in China and India that are starting to drink the stuff up didn't have anything at all to do with the price of oil. "Americans who refuse to drive fuel efficient automobiles"Then again:http://news.yahoo.com/s/ap/20080603/ap_on_bi_ge/gm_shareholders"General Motors is closing four truck and SUV plants in the U.S., Canada and Mexico : the iconic Hummer brand will be reviewed and potentially sold or revamped : the GM board has approved production of a new small Chevrolet car at a plant in Lordstown, Ohio, in mid-2010 and production of the Chevrolet Volt electric vehicle in Detroit."Gee, looks like we actually are driving more fuel efficient vehicles.I particularly like your statement that one of the problems is Americans who believe that the government can dictate the cost of doing business with the oil companies, followed by your usual drivel blaming the Republican administration. Ah, well. I'm sure merrill's post-bot will toss this one out on every thread that contains the words "gas prices" for the next coupla' years. At least it was semi-amusing the first time.

notajayhawk 6 years, 6 months ago

Let's add basic reading comprehension skills to the long list of jackie's educational deficiencies. I have already said I'm fine with the free market deciding, jackie-boy. Now, if you can step outside your little land of delusion for a moment, you wanna' take a shot at predicting which will survive on their own - the roads and airports that 99% of the population have consistently demonstrated for decades that they prefer, or the trains that less than 1% of the population likes to take their trips down memory lane in?I know alzheimer's can be a b, jackie, but you're obviously old enough - well beyond old enough - to have witnessed the result of that free market decision for yourself. Guess what? Trains lost. I'm surprised you missed it, it was in all the news. Just a thought, jackie-boy - but do you think the owners of the almost 250,000,000 registered passenger vehicles in the United States paid their money to purchase those vehicles as a vote for roads or rails?You're always good for a laugh, jackie - here, let me recap: Because the use of airplanes and cars is temporarily trending down for a few months (not because of personal preference but because of increased costs), we should cut back on government spending for roads and air travel - but while train travel has dropped off over several decades to be down to almost non-existant (precisely because of personal preference), the solution is to spend more money and expand the system. Why, you're a true genius, jackie.

notajayhawk 6 years, 6 months ago

JackRipper (Anonymous) says: "a situation which we brought on ourselves."See, how easy that was, jackie? And here I thought you were completely stupid. But it appears that while you refuse to accept the truth, you do at least recognize it.Yes, jackie, we chose this for ourselves. And that's what really irks you, isn't it? We are in the situation we're in not because of some vast conspiracy or because the government forced us into a particular lifestyle (as you are attempting to get the government to do again, to force your chosen lifestyle on the rest of us), but because that'swhatpeoplewanted.Yes, jackie, in the 70's they lowered the speed limit and enforced other mandatory restrictions, although it wasn't because the price went up, it was because there was an embargo and oil was less available at any price. But we repealed those restrictions, didn't we? And why? Becausethat'swhatpeoplewanted.(continued)

notajayhawk 6 years, 6 months ago

(continued)Despite your delusional version of history, that the 'government' built the roads before there were any cars and the boom in private automobile ownership followed the increase in roads instead of vice versa (an old guy like you should know a little more about the history of this country, jackie), there are 250,000,000 registered passenger vehicles in this country and (despite the temporary blip in ridership) less than 1% of long distant travel in this country is over the rails. Why? Becausethat'swhatpeoplewanted.Even in your small-town socialist paradise of Lawrence, jackie, they can't keep the bus system alive unless they let it be absorbed by the University's, since KU can force their students to pay $130/year (whether they use it or not) to keep the buses afloat. But they are finally building the SLT. Why? Becausethat'swhatpeoplewanted.Keep on deluding yourself, jackie. Keep on trying to convince yourself that I'm the only person around here that doesn't want your choice of lifestyle foisted on us. Keep on pretending that the overwhelming number of people in this country don't want to give up their freedom because an old fogie dinosaur like you wants his relics of the past back, because you think life is too fast (and getting away from you too fast after having past you by long ago). We're still buying gas for our cars, not flocking to mass transit, at $4/gal., jackie. We'll still be doing so at $7/gal. Then we'll be driving hybrids and electric vehicles and alternatively-powered cars, not riding the rails and the buses, jackie. Why? Becausethat'swhatpeoplewant.

jafs 6 years, 6 months ago

The best thing we can do is to be mindful of our use of resources - if we all do that, we can make a significant impact.Government is a blunt tool, and often ineffective - it also tends to create large unintended consequences.A free market is only possible given a number of conditions, most of which are not in effect at this time.

repaste 6 years, 6 months ago

bizarre image - George in crawford few months a go - holding hands with saudi prince- picture worth many words. Not Dem or Rep, just Gov. for the rich.

compmd 6 years, 6 months ago

Marion,"Auto makers always destroy experimental vehicles after they are finished with them as such cars cannot be insured" Are you interchanging the Chevrolet Volt with the GM EV1? The Volt hasn't been built yet. They are completely different vehicles. I knew someone who had an EV1 back in the day, it was pretty neat, I have to say. The fact that GM destroyed them was a travesty. And no, automakers do not destroy all their experimental cars. The whole point of experimental cars is they have to learn something from them. GM didn't do anything with the EV1s prior to crushing and destroying almost every single one. Those that escaped the crusher were "permanently" disabled. You most certainly can insure experimental vehicles. How did all the EV1s get on the road in the first place? My dad had an experimental vehicle based on a production model from Ford for several years (one of six made for a contract which was lost to GM) and we never had a problem registering or insuring it, and he drove it to and from work daily. And really, a Mercedes buff such as yourself should know that experimental cars are not destroyed. Remember the C111?

bandito 6 years, 6 months ago

Bottom line is that Americans are going to have to change their lifestyles. No more gas guzzling SUV's, vans, etc. No more long distance trips. No more urban sprawl. Buying a new hybrid is not economically feasible for most people, many should take steps like in this book The World's Most Complete Guide to Saving Gas and Money very cheap on ebay or wherever. Regards,Bandito

Commenting has been disabled for this item.