$4 dollars a gallon and you are complaining, I would kill for $4 a gallon. The cheapest I can get petrol is $8.66 per gallon!! (at latest exchange rate). Bloody government with what relates to about 120% tax.

well nobody here in the US has ever said they envied those that lived in the UK when referring to "petrol" prices or anything else for that matter.

We should send George Bush over to wreck your nations currency, also, mundanest, then you will feel the pain.

*doublepromote this trainwreck of a president
*neveragain

Double-Promoting this video back to the front page; last published Monday, June 9th, 2008 1:51pm PDT - doublepromote requested by deathcow.

^How about we send you Blair and Brown to take away your freedom. This week Brown will be voting to lock up persons for 42 days without charge. Although I would rather Brown than Bush.

Rottenseed; fair point just pissed off at how outrageously expensive it is.

Mundanest, are you sure that (compared with 5 yrs ago say) the destruction of the US Dollar coupled with the rise in gas price hasn't put us behind you in the petrol buying business?

We here on the Wet Coast of Canada have just reached $1.46 per litre. Which is roughly $5.52 per gallon, and our dollar is worth a couple pennies MORE than the greenback at the moment. Milk is cheaper.

I wonder why the European Car Market is so different to the American market...

Ride a bicycle!

Every time a video, an article, or a blog post comes out about the Americans having ridiculous gas prices, it's spammed by people from Europe saying how we have no reason to complain.

What kind of logic is that? We're all getting screwed.

I'll stop complaining when these companies stop breaking profit records.

Asian Colbert at the left edge of the press conference screen!

People, people. Let's not forget the main point of the video: Bush is absolutely clueless and I continue to scorn those who were stupid enough to vote for him once, let alone twice for not realizing this in advance.

Echos of Bush in 1999, sadly - http://www.videosift.com/video/John-McCain-Putin-Is-The-President-Of-Germany

Don't make the same mistake 3 times now...

>> ^Jinx:
I wonder why the European Car Market is so different to the American market...
Ride a bicycle!

I live 16 miles from my work and there is no public transportation in my town. Like it or not, we live and die by the car in this country.

"Really? 4 dollars a gallon? I hadn't heard that rumor." (counting his money, hundred by hundred)

>> ^thinker247:
"Really? 4 dollars a gallon? I hadn't heard that rumor." (counting his money, hundred by hundred)


That, and/or he's trying to set himself up as an innocent puppet to elude persecution.

>> ^Krupo:
Asian Colbert at the left edge of the press conference screen!
People, people. Let's not forget the main point of the video: Bush is absolutely clueless and I continue to scorn those who were stupid enough to vote for him once, let alone twice for not realizing this in advance.
Echos of Bush in 1999, sadly - http://www.videosift.com/video/John-McCain-Putin-Is-The-President-
Of-Germany
Don't make the same mistake 3 times now...


Lol, nice catch with Asian Colbert

Yeah, I also think the Americans are still better off than most in Europe. Here you pay up to $10 right now per gallon. $200 (130 euro) for a full tank of gas on my car......

Still, I also understand how its crippling for the US, since you guys have such crappy public transportation (not that I see public transportation as a complete solution, it even sucks in Europe). You cant compare the USA to countries like Germany. In the US you sometimes drive 50 miles before you see a fucking town or village. Here you can already see the next one when you leave the previous one. Also in the US the cars are swallowing gas like an elephant. Cant change that from one day to another, though I dont pity those idiot SUV drivers.

>> ^deathcow:
Mundanest, are you sure that (compared with 5 yrs ago say) the destruction of the US Dollar coupled with the rise in gas price hasn't put us behind you in the petrol buying business?


In 8 years the Dollar has almost halved in value against the Euro, so it is possible but I would still argue that general cost of living is cheaper in the US. This isn't so good if you wanted to move out the country. I have family in the US and the cost for them to come vist here would be astronomical, given exchange rate etc.

>> ^Payback:
Milk is cheaper.

Okay, this is the crux of the problem.

WHY do people seem to think a renewable product, like milk, which can be produced as long as we can manage to keep cows alive and breeding, should be more expensive than petrol, which is not only a finite resource, but must be drilled out of the ground and processed heavily?

As peak oil comes and goes petrol will pass $20/gal, and then it will, poorly, and at much added cost, be replaces by something which is cheaper. Markets fix things, as late as possible, and at the greatest possible expense, but they do find solutions to problems of cost.

This will not go away, get yourself a job nearby and a fuel efficient car.

Sayeth the fool, "America is in the lead when it comes to energy independence..."

Did I miss something, or has it become completely acceptable for the president of the united states to publicly and casually spout lies and and/or gross inaccuracies? There are countries which operate almost completely without benefit of foreign energy, and yet he's got the ... uh, gall? ignorance? stupidity? to say that the US leads in this area? It's not an opinion he can say he doesn't share; it's fact.

Oil guy elected as president.
Oil price goes through the roof.

What's so hard to understand?

Bottled Water still costs more...

...if you buy bottled water that is

Mink, its not that simple. There is more involved than just who is in office. Especially when you have speculators artificially jacking up the price hoping to capitalize on the possibility of a tight supply problem. We've got demand increasing in major amounts worldwide with nations like China and India trying to develop in overdrive. Production is still in excess of demand, but its at a closer margin than ever before. Investors can smell the money in it and are driving the prices up by re-selling oil futures. Other problems that will continue to hurt the US in particular are lack of new refineries and lack of local drilling. This was made even more apparent after hurricane Katrina when oil platforms and refineries were destroyed.

On Bush's side of the mess you've got the OCS moratorium which he renewed at the end of his first term to prevent drilling within a hundred miles from the coast of Florida. Now China has moved in to drill the oil that we won't by setting up outside the border and drilling sideways. So, until oil futures becomes a less lucrative investment, or the market gets flooded with oil, don't plan on prices decreasing. I don't think either of the craptacular candidates on offer for the upcoming election are going to do anything to change that.

http://www.nytimes.com/2005/09/22/business/RITA-FACTBOX.html
http://www.americanfreepress.net/html/china_starts_oil_drilling.html

Low gas prices promote long commute times, suburban sprawl (and associated deforestation), death of inner cities, pollution, and inefficient vehicles. Viva high gas prices. $4 a gallon doesn't even cover half of the negative externalities of that gasoline.

*region

*blocked

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>> ^Sagemind:
Bottled Water still costs more...

I don't know where you buy your water, but I just bought a gallon of distilled water last week for 80 cents.

And to those from other countries "bragging" about paying more for fuel, it's not as simple as a currency conversion. You also have to remember that you pay more taxes on your fuel that go to useful programs like health care, road upkeep, etc. We still pay taxes on our fuel, but we don't get health care and still have shitty roads.

Since moving to New York, I pay $86 a month for public transit. 9 times out of 10 it's faster than a car or a cab. I love it. No insurance payment, no car payment, no gas, no maintenance. Of course, I don't really have any money left after that whole "living in New York" thing.

In Kuwait I pay 6 dollars to fill my SUV.

I'll have to look into "wind cats."

War criminals say the darndest things.

Farhad, you suck.

And also - someone mentioned here that cities in European countries are closer - that's an understatement compared to the U.S.

>> ^dgandhi:
>> ^Payback:
Milk is cheaper.
Okay, this is the crux of the problem.
WHY do people seem to think a renewable product, like milk, which can be produced as long as we can manage to keep cows alive and breeding, should be more expensive than petrol, which is not only a finite resource, but must be drilled out of the ground and processed heavily?
As peak oil comes and goes petrol will pass $20/gal, and then it will, poorly, and at much added cost, be replaces by something which is cheaper. Markets fix things, as late as possible, and at the greatest possible expense, but they do find solutions to problems of cost.
This will not go away, get yourself a job nearby and a fuel efficient car.



As the cost of one has the other as a cost of production, yes, it should be more expensive, and it will be.

Glad I don't drive

^Yes, I am.

j/k

>> ^dgandhi:
>> ^Payback:
Milk is cheaper.
Okay, this is the crux of the problem.
WHY do people seem to think a renewable product, like milk, which can be produced as long as we can manage to keep cows alive and breeding, should be more expensive than petrol, which is not only a finite resource, but must be drilled out of the ground and processed heavily?
As peak oil comes and goes petrol will pass $20/gal, and then it will, poorly, and at much added cost, be replaces by something which is cheaper. Markets fix things, as late as possible, and at the greatest possible expense, but they do find solutions to problems of cost.
This will not go away, get yourself a job nearby and a fuel efficient car.


What I find baffling is when I find water that's MORE EXPENSIVE than oil.

>> ^Abel_Prisc:
Every time a video, an article, or a blog post comes out about the Americans having ridiculous gas prices, it's spammed by people from Europe saying how we have no reason to complain.
What kind of logic is that? We're all getting screwed.
I'll stop complaining when these companies stop breaking profit records.


This is something of a myth perpetuated by brainless politicians looking to posture and blame the market to make it look like they're doing something, appealing to your distress and total ignorance about how the market works, the incredible impact of government economic policy, etc. The truth is that nominal corporate profits have been going up alongside the price of just about everything else due to dollar debasement. The GOVERNMENT actually takes in more profit from the sale of gas than the companies who harvest and refine it do. Remember, it's not how many dollars you have, it's what those dollars are worth relative to the goods you buy with them. The Fed has inflated the dollar to lose 40% of its value in the last eight years, by definition causing the price of everything, including oil, to go up in nominal terms relative to it, because it now takes 40% more of them to buy what you could eight years ago.

But that isn't the only reason for oil's surge domestically. Now let me point out that the bulk of our oil doesn't even COME from domestic oil companies. It comes from foreigners. Domestic oil is only 30% of our consumption, we import 70%. So explain how an even larger tax applied to 30% of current producers is going to do anything. That will cause prices to go UP.

Nobody "sets" a price for oil. It's a giant worldwide bidding contest for a finite resource, and those demanding who can pay the most get it, just like every other commodity. As our currency loses value relative to manufacturing-based, creditor nations with actual savings rates like India and China, we are having to bid higher to keep pace with the consumption to which we've grown accustomed.

Research peak oil, note how our politicians continue to block domestic drilling which would raise production and lower the price, research how France is 79% nuclear while the environmentalist movement (ironically) has blocked the building of a new plant for thirty years, stifling any legitimate hope of becoming less dependent on imported oil and making idiots like Bush think that they can get more oil with psychotic wars and begging Saudi princes. We have waited until our face is smashed in before dodging the punch.

As you continue to live and research how both liberals and neo-cons are pandering and posturing and lying and being stupid and cooking up any scheme necessary to convince you that they need to inflate and tax and provide welfare and health care and education with your money, etc, the more you will understand the libertarian position and how important supreme law is. If we had followed supreme law and never abandoned the gold standard or handed off congressional powers to the banks, this would NEVER have been possible. Identify the enablement, see the inevitable consequence, AND LEARN.

It's supply and demand not the administration. You'll see when our next president takes office.

Yes... but funny to see how things are changing now.

*dead

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