gtalum wrote:feederband wrote:It would only take a couple of stupid things out there for it to happen..
I doub tit. There's a point at which people just won't be able to afford petroelum products any more. As the price approaches that point it will quit rising and even collapse because demand will drop off. Simple economics. OPEC is smartt enough to keep prices high but affordable.
I would hardly say the current prices are affordable. Lets say you have a 12 gallon tank, the car is a 4 cylinder, and the cost is 3.00 to fill up. Now lets say you only work for 7-8 dollars per hour and work a full work week of 40 hours.
7 X 40 = 280.00 per week before taxes.
280 X 15% taxes = 238.00 per week after taxes
Let's say realistically that you fill up your tank twice a week.
12X3.00 = 36 X 2 = 72.00 per week just to fill your tank.
238.00 - 72.00 = leave 166.00 per week for the rest of things in life including everything such as rent/food/bills and other things like that.
I do not think that 3.00 per gallon is affordable. Even if you made 10.00 per hour it's still out rageous.
Add to that the cost of children and you got yourself in a pickle. I know my mom raised the 5 of us and never had a cent left over from month to month.