time to panic? gas $4 a gallon by spring.

[Jason]

Sure, smart cars are great for sisters the world over, but I don't see too many guys picking one of those things up and sporting it around town.  Once the car manufacturers create something with some masculine style and some descent horsepower then we'll likely see a huge shift towards "green" cars.  Until then, the women can have all the smart cars they want. 

[gatorback]

Don't kid yourself. Dean and Dale , my sister's next door neighbors and whose car she drove are both male.

[Jason]

Ok, maybe I was just speaking for myself. 

[jaxnative]

Quote:
As gasoline nears $4 a gallon, Congress has questions about Big Oil's big profits

H. JOSEF HEBERT
Associated Press Writer
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------


WASHINGTON â€" Big Oil is once again being called on the carpet. Senior executives of the five largest U.S. oil companies were to appear before a congressional committee Tuesday where they were likely to find frustrated lawmakers in no mood for small talk.




www.jacksonville.com from the AP

What a travesty. The very people who are playing a great part in the energy crisis by their interference in the supply market are preparing to project their guilt on their favorite whipping posts. The same people who deny refinery building or support the environmental legal hounds who oppose it and deny the energy companies the ability to explore and drill in the area's where domestic supplies exist are ready to take to their thrones and cast aspertions.

Maybe it's time for the people and the oil companies to call the Congressional royalty to the table and have them explain themselves. Set up a stage to question them from and have them sit in a chair below looking up and answer to the people. Have them explain their "solutions" and the time table for them to provide relief to the economy and the people. Ask them to explain the exact "processes" that are going to save us from ourselves and the greedy oil companies. Ask them what the plans are when a disaster occurs with one of the major supplying countries and a truly major crisis happens.

I guess the real question is will people "think" about this problem or just buy into this Congressional dog and pony show?

[Beloki]

Why all the panic  I just moved from The Netherlands, we pay $9 a gallon (1.55 Euro per liter) It will be a great incentive for new technologies, public transportation and will stop the urban sprawl.

[RiversideGator]

Welcome to Jacksonville and the United States.  Just curious, but why did you leave Holland and why did you choose Jacksonville as a place to settle?

[Beloki]

Thank you.
My work brought me here to Jax for the next 2 years.
My wife and I enjoy the beach, river and weather!

[gatorback]

With your girl at the helm of the house Stephen, I don't doubt it.  Your gonna love paying $7.00 a gallon for soy milk too a la her new farm bil.

[RiversideGator]

Dont think we will be seeing $6 per gallon this summer.  BTW, have you looked at commodities today?

Gold down $33.70 per ounce or 3.66% and oil down .13% just today.
http://www.bloomberg.com/index.html?Intro=intro3

[gatorback]

RG:  awe.   Wall Street pulls back as oil spikes.  Well, you were right for < 12 hours at least.

[Driven1]

btw...i think this is just a minor commodities correction...i would not be short gold now.  the economy is not recovering anytime soon.  i think bernanke had it right today:  that the economy will not recover until housing does.  the SHORTEST projections of that happening is late 08, early 09...personally, i think it will be sometime in "09 that we see a bottoming there. 

ps - one more prediction:  oil won't go below $95 again this year.

[downtownparks]

Just because you are an investor for a living doesn't mean you know what your talking about. I know a guy who once sat next to Charles Schwab on a bus in Istanbul. Him, I would trust. You, not so much.

Jokes aside, I think that the eco-movement must be loving this oil spike. It should really help the alternative fuel movement. Are there any good alt-energy company's worth looking at Driven?

[Driven1]

i agree with you actually DTP...it is a fact...the BEST analysts on Wall Street are right only 55% of the time...that mean you would probably do better in the markets doing the OPPOSITE of what the average advisor tells you to do   

[reednavy]

It's also the best reason and time for JAX to push for mass transit, i.e. commuter rail!

[lindab]

It's also the best reason and time for JAX to push for mass transit, i.e. commuter rail!

Darn right! Also, probably the death knell for BRT with diesel fuel at record highs.