Oil 110? 115? 125?

[DblDoc]

Quote:

Originally Posted by Dawg52 You must bike or walk every where. I guess if I didn't play golf, I wouldn't fill up as often as I do. My club is a 20 minute drive for me. Give up golf? Not an option.

Neither, although we do ride alot when the weather warms up. I ride a MC for my w**k commute.

FYI all Oil hit $110 today.

DD

[dumpster56]

new numbers since we hit 110...

115, 120 or 150 a barrel??

[ziggy29]

It will peak -- and the bubble will pop -- as soon as I give up and go all in.

I'd lose my butt but I might become a national hero.

Seriously -- the drop in the dollar can't fully explain oil prices. People are always chasing a bubble somewhere, relying on the Greater Fool Theory and that they can get out with a profit before it blows up in their face.

[Zoocat]

Quote:

Originally Posted by newguy888 The problem is most are upside down on the payments of their 6 and 7 year suv car loans!! Yes I know a guy with a suburban 2006 owes 27K today on it. Its worth maybe 15 to 18 on a trade in. Nope he is screwed.

Where will all these used Suburbans end up? No one will want to buy them. It's unlikely you'll be able to give them away once gas hits the stratosphere. Probably they will end up in the SUV graveyard where they will be mashed to smithereenes and sold for scrap. Woe is the SUV.