its the OMG GAS IS SO FRIGGIN CHEAP! thread

[fasternyou929]

Originally Posted by jgalt

I don't see how cheaper energy would put our economy in the crapper!

Because it'll only get that low if people continue not spending money. Prices of other products will follow suit and drop, which means companies will produce less and spend less in R&D. People don't spend money, companies don't spend money, and the job market continues its current trend. ETA: and the global stock market. And the housing market. Etc.

That's how we get in the crapper. Deflation FTL.

[buzzcutt2]

$2.05 here...I heard Leon saw it for $1.99.

[jgalt]

Originally Posted by fasternyou929

Because it'll only get that low if people continue not spending money. Prices of other products will follow suit and drop, which means companies will produce less and spend less in R&D. People don't spend money, companies don't spend money, and the job market continues its current trend.

That's how we get in the crapper. Deflation FTL.

But when the prices of everything fall, people will have more money to spend, and the economy will rebound. I don't think we have bottomed out yet.

[Leon]

Leon saw 1.99 at the 7-11 at Copans and Dixie.

[fasternyou929]

Originally Posted by jgalt

But when the prices of everything fall, people will have more money to spend, and the economy will rebound. I don't think we have bottomed out yet.

True, but at $20 per barrel oil, it's going to be a LONG climb out of the gutter. Years I don't want to spend worrying about job security and friends out of work.

So I'd rather have oil stabilize where it is and see the economy begin healing before something triggers a sprial effect. I have no desire to live through a depression.

[jgalt]

Originally Posted by fasternyou929

True, but at $20 per barrel oil, it's going to be a LONG climb out of the gutter. Years I don't want to spend worrying about job security and friends out of work.

So I'd rather have oil stabilize where it is and see the economy begin healing before something triggers a sprial effect. I have no desire to live through a depression.

Yeah I see what you mean when you put it that way. My wife rattled off a list of big named companies that are or are about to be filing chapter 11. Very scary! We could be looking at a depression. I hope not.

[JARVIS518]

Originally Posted by Leon

Leon saw 1.99 yesterday.

Originally Posted by Leon

Leon saw 1.99 at the 7-11 at Copans and Dixie.

why is leon typing in the 3rd person?

[jgalt]

Originally Posted by JARVIS518

why is leon typing in the 3rd person?

The Leon could tell you, but then The Leon would have to kill you!

[JARVIS518]

Originally Posted by jgalt

The Leon could tell you, but then The Leon would have to kill you!

hey dont fuck with me
remember im fragile

[JoJoYZF]

Its 1.69 around here and the highest Ive seen in the area is 1.75