Big Oil Pricing Itself Out of Record Profits

Are Super Mileage Cars The Future Or Just A "Green Dream?" 

With the advent of last summer's (2008) disgustingly high gas prices now topping $4. per gallon and rising and with the media fueling gas rage by reporting that petrol prices could get to $8. per gallon by next summer (shoot, you guys, I am still trying to get used to the possibility of $5. per gallon, why can't you let us adjust to that figure first before you doom and gloom me again?) I am seeing a lot of cars like the Aptera on the drawing board with claims of super mileage. These kinds of cars that combine electric motors with combustion engines have been around a long time but only now are gaining widespread attention (and investment capital) due to gas prices going through the roof.

RVing Baby Boomers Will Suffer

As a baby boomer who just retired and is on a fixed income I hope things will soon stabilize or the feds will get involved and do something to help this situation. How about it Mr. Obama or Mr. McCain, any plans to do anything about this mess? Our great and wonderful capitalist society is to blame, but who can fault a company for trying to make as much money as possible – isn't that the way the game is played here in the Magic Kingdom?  

Retiring Boomers Threaten To Stay Home

As a retiring baby boomer my timing could not be any worse. It's another one of those "just my luck" scenarios, after years of 401 K contributions my stock portfolio is worth an all-time low, gas prices are threatening to keep me at home, the housing crisis prevents me from selling the home that was to help finance my retirement and the cost of everything has gone up. You have to wonder where all of this is leading. (Udate as of 9-9-08 – we are headed into winter and gas prices have stabilized at around $3.75 per gallon average. What little crisis will they manufacture to get back up toward 5 bucks next summer?)

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Gas will have to go much higher for alternative fuel vehicles to pay off – like waayyy higher. This is only a guess on my part but if there should come a time when gas prices go into the stratosphere ($10. per gallon or higher) maybe then these alternative fuel vehicles will become more mainstream. 

Up to now they have not been able to overcome the inconveniences of the past, things that kept people from buying them, it's one thing to say you are green and it's another to live it. The pain of charging batteries, inability to find fuel and a few other things make the darn things just too much work.

 

Join The Party – Buy Oil Stocks!

I can't really fault the oil companies for our current predicament, after all they have to answer to their investors and as an American business tasked to make every dollar they can, by our standards it sounds more like jealousy when you hear oil company bashing. Shoot, up here folks even blame the poor, underpaid, convenience pump clerks for the state of gas prices. Heck, you have to yell at somebody!

Believe it or not – oil companies are built and operated with just regular folks like you and me, a shade greedier at the top echelon maybe, but they still put their pants on one leg at a time (figuratively speaking for all you ladies). Their investors are made up of everyday people like teachers, firefighters, cops and guys like yours truly, people who expect their investments to make money.

Oil runs the world and however much many of us would like to exchange that particular form of energy for "greener" solutions it remains more economically feasible for the foreseeable future. However, oil is a fossil fuel and unless we all go up in smoke December 20, 2012 our need for oil will continue to increase, drilling more wells will keep it coming until the day comes when the wells run dry. 

Mr OBama Or Mr McCain

Update! When I originally wrote this post the issue of who was to be our next Commander In Chief was still in doubt. As of this writing Barack Obama is now the President Of The United States.

Which one of you are prepared to do what is necessary to help us out here? Whoever gets the nod as our next president whether it be Barrack Obama or John McCain has his work cut out for him, let's make sure that whoever he is, that we put some pressure on him to find some answers fast. Our very existence depends on it.

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