General Discussion

AgingAmerican

(12,958 posts)

54. So, $4 gasoline crashed the economy?

Mon Jul 8, 2013, 04:38 PM

Jul 2013

lol Hate to inform you, but deregulation and the Bush administration refusing to enforce existing regulations that crashed the economy.

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Just a Question for Discussion. What if Gasoline hits $10.00 a gallon in the U.S.A? [View all] Stuart G Jul 2013 OP

It would crash the economy and wreak havoc on virtually everything. Scuba Jul 2013 #1

On the plus side, a lot of manufacturing jobs would come home. Laelth Jul 2013 #55

There'd be no manufacturing as the markets would dry up. Scuba Jul 2013 #56

I seriously doubt that. Laelth Jul 2013 #58

We had horses before oil. former9thward Jul 2013 #74

The end of our economy likely. hrmjustin Jul 2013 #2

Economic meltdown NoOneMan Jul 2013 #3

It could happen if the unrest in the Mideast errupts Stuart G Jul 2013 #7

Only due to speculation, not supply and demand NoOneMan Jul 2013 #9

Oil is a globally traded commodity NickB79 Jul 2013 #34

We can not increase ethanol production without also increasing fossil fuel usage. RC Jul 2013 #80

Oh yeah, I know NoOneMan Jul 2013 #88

For starters, we need to stop using corn. RC Jul 2013 #93

We could simply rely on America's excellent public transportation infrastructure LibAsHell Jul 2013 #4

:) abelenkpe Jul 2013 #28

"Excellent Public Transportation Infrastructure" Aerows Jul 2013 #36

People might give a shit about it loyalsister Jul 2013 #90

That's what I say! defacto7 Jul 2013 #103

Will Happen WovenGems Jul 2013 #5

Society will not simply adjust NoOneMan Jul 2013 #16

everyone would get a horse and buggy. n/t HeroInAHalfShell Jul 2013 #6

Or a bicycle and buggy n/t Aerows Jul 2013 #37

good call! HeroInAHalfShell Jul 2013 #39

Or a bicycle built for two Art_from_Ark Jul 2013 #89

In horse and buggy days, very few city folk had horses FarCenter Jul 2013 #41

You have no idea of what it costs to maintain a horse do ya. L0oniX Jul 2013 #81

I think a lot of people will not be able to afford to drive. Like me. djean111 Jul 2013 #8

drill baby, drill! piratefish08 Jul 2013 #10

It's about $9.10 in Norway, currently muriel_volestrangler Jul 2013 #11

Yes, but the taxes they pay go to social services like health care. djean111 Jul 2013 #17

And Norway is a major oil exporting country. Impressive that Norwegians handle their oil wealth pampango Jul 2013 #69

Prices for trucked goods would go up. MrSlayer Jul 2013 #12

Europe and Canada do fine with gas that expensive Recursion Jul 2013 #13

Europe and Canada have higher taxes that pay for social programs like health care. djean111 Jul 2013 #19

Yes, very regressive VATs and low income taxes Recursion Jul 2013 #21

I don't like it either, but the way it is set up, comparing gas prices is not valid. djean111 Jul 2013 #23

1) Canadian gas isn't that expensive, 2) What makes you think their standard of living is lower? NoOneMan Jul 2013 #24

People compute these things Recursion Jul 2013 #25

GDP, purchasing power, and statistical crap that doesn't equate to tangible "living" NoOneMan Jul 2013 #27

Lower than ours? Aerows Jul 2013 #38

+1000 RC Jul 2013 #83

I'm pretty sure gas prices aren't even half that anywhere in Canada Posteritatis Jul 2013 #86

I think I'm remembering when the canadian $ was weaker than it is Recursion Jul 2013 #91

Enormous damage to the economy Lurks Often Jul 2013 #14

There are not freight train tunnels or bridges across the Hudson much below Albany FarCenter Jul 2013 #42

It would be a godsend AgingAmerican Jul 2013 #15

It would not be a godsend Marrah_G Jul 2013 #44

Doubling gas prices will not kill off the poor AgingAmerican Jul 2013 #47

It will take quite a while for any of that to trickle down to the working poor Marrah_G Jul 2013 #48

So lets destroy the planet long term AgingAmerican Jul 2013 #49

Because wanting to eat is so selfish Marrah_G Jul 2013 #50

The poor wont die if gas prices go up AgingAmerican Jul 2013 #52

You are not spoiled or a wimp because you want food and shelter for your family. tritsofme Jul 2013 #77

Americans are incapable of seeing the forest AgingAmerican Jul 2013 #84

I bet you were a Y2K guy. tritsofme Jul 2013 #95

So, climate change is the new Y2K? AgingAmerican Jul 2013 #97

You don't dispute it... tritsofme Jul 2013 #98

"the world is ending in 5 years" AgingAmerican Jul 2013 #99

"in the throes of a global emergency stranded..." tritsofme Jul 2013 #100

"within 5-10 years we will be in the throes of a global emergency" AgingAmerican Jul 2013 #102

Tell that to people who heat their homes with oil. Motown_Johnny Jul 2013 #67

Tell that to the masses that will abandon large swaths of the earth AgingAmerican Jul 2013 #68

That doesn't mean people won't freeze to death if Motown_Johnny Jul 2013 #71

But if we burn the fuel.... AgingAmerican Jul 2013 #85

I won't argue that, it is unquestionably true, Motown_Johnny Jul 2013 #87

Yeah, fuck everyone so long as you get to feel good about idiot Repubs being upset. flvegan Jul 2013 #75

Lower carbon emissions. JaneyVee Jul 2013 #18

My electric bike will have turned out to be an excellent investment Fumesucker Jul 2013 #20

Which make/model do you have ? n/t PoliticAverse Jul 2013 #53

It's a bit of a do it yourself setup Fumesucker Jul 2013 #61

Nice, thanks. n/t PoliticAverse Jul 2013 #64

I kind of did it myself, a bit from here, a piece from there Fumesucker Jul 2013 #60

It would be bad for one of my kids. hunter Jul 2013 #22

"If"? arcane1 Jul 2013 #26

It should be our goal FreeJoe Jul 2013 #29

Frivolous driving will stop. People will finally start thinking responsibly. Gregorian Jul 2013 #30

You will breathe a sigh of relief Marrah_G Jul 2013 #43

You are wrong. darkangel218 Jul 2013 #45

The planet is more important than a few suffering people. Sorry to be so blunt. Gregorian Jul 2013 #59

"The planet" can handle anything we give it. KentuckyWoman Jul 2013 #94

That requires people to think. Apophis Jul 2013 #72

a depression way beyond the scale of the 1930`s.... madrchsod Jul 2013 #31

Just give it time. I remember 32 cents a gallon for regular (leaded). EdwardSmith74 Jul 2013 #32

More likely to hit 2 dollars than 10. arely staircase Jul 2013 #33

Please whatever god, make the gasoline expensive just like in Europe! darkangel218 Jul 2013 #35

Big oil will make more profits egold2604 Jul 2013 #40

It would do the same thing the first run-up to $4 did: crash the economy. kestrel91316 Jul 2013 #46

So, $4 gasoline crashed the economy? AgingAmerican Jul 2013 #54

and what if bread starts costing $40 a loaf? Pretzel_Warrior Jul 2013 #51

It would be the Greater Depression. HooptieWagon Jul 2013 #57

For starters customerserviceguy Jul 2013 #62

here in L.A. the flames would be seen for miles olddots Jul 2013 #63

Then you'll know what its like in Europe. dipsydoodle Jul 2013 #65

Only if we get universal health care, which is one of the things that makes gas higher in Europe. djean111 Jul 2013 #76

In 1 year.. it would be a disaster but it really isn't possible. Motown_Johnny Jul 2013 #66

I guess I'd be riding my motorcycle a lot more PD Turk Jul 2013 #70

If gasoline were truly sold on the free market instead of speculated on the Cleita Jul 2013 #73

Lady Blah Blah will scream "DRILL BABY DRILL" and the Clear Channel stations muntrv Jul 2013 #78

People making less than 90K a year would learn about alternative transportation burnodo Jul 2013 #79

Bicycle sales will skyrocket demwing Jul 2013 #82

Think "Mad Max". ntt rrneck Jul 2013 #92

$10.00 gas would be OK, if they would just CANCEL Honey Boo Boo ! NM_Birder Jul 2013 #96

Simple answer: economic devistation that would make the great depression look pleasant Demo_Chris Jul 2013 #101

Fuel efficient vehicles would sell like hotcakes. roamer65 Jul 2013 #104

It would cost me 20 bucks a day instead of 7... ileus Jul 2013 #105