"To waste, to destroy, our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in undermining in the days of our children the very prosperity which we ought by rights to hand down to them."~ Theodore Roosevelt (Message to Congress, Dec. 3, 1907)
"The debate about offshore drilling stems from questions over how much oil potentially could be recovered from underwater fields versus the time and cost, both in dollars and environmental impact, related to that process. Common misperceptions notwithstanding, the debate does NOT stem from notions that offshore drilling could eliminate U.S. need for foreign oil (at current consumption, the U.S. uses 8 billion barrels of oil per year; conventionally recoverable oil from offshore drilling is thought to be 18 billion barrels total ever—not per year). The debate does NOT stem from notions that offshore drilling would guarantee lower fuel prices (oil is a global commodity, and U.S. production is not big enough to influence global prices)."
Last edited by USA_1; 05-09-10 at 12:36 PM.
"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB
If the average American drives 12000 miles per year, at an average fuel economy of around 23mpg, consuming about 522 gallons of fuel at $3 per gallon, then they spend about $1,566 annually on fuel; or $130 per month.
If the price of gas goes up to $5 per gallon, then the average American will spend $2,610 annually, a difference of only $1,044, or $87 per month, for a total monthly fuel cost of $217.
If $87 brakes your budget, then the cost of fuel is not your problem. You're already poor and need a plan to get out of debt and begin accumulating wealth.
Dave Ramsey Homepage - daveramsey.com
Let the price of gas go up to $5 per gallon. That, also, will be a non-issue.
Let's apply the same math:
If a truck drives 3,000 miles a week, at 6 mpg, averaging a $1.50 per loaded mile and diesel is $5 per gallon. That's $2,500 in fuel each week and $4,500 in gross revenue. Subtract the fuel from the revenue and you get $2,000. So, right off the bat, half of that truck's overhead is spent in fuel. That's before tires, service, plates, tags and permits and driver pay. If he's an owner operator, he has to pay his household bills from that money. Kinda hard to accumulate wealth with those numbers. What isn't hard, is to see that some trucking companies aren't going to be in business for very long, unless there's a serious rate increase, which will mean way more than just another $87 out one's wallet each month.
Pizza and beer now cost an arm and a leg - Food Inc.- msnbc.com
So let the trucking companies charge what they have to, it's all good.