Comments on: $2.33 a Gallon Gas Scares OPEC into Cutting Production

By: Philip

Philip — Mon, 27 Oct 2008 18:02:54 +0000

Yes, the prices are down, (right now I can get it for $2.09). I try not to adjust driving habits much. I feel that cutting down our consumption is great all around. If OPEC has to cut production even if that does bring prices back up some it is still good that we are using that much less.

BTW, I am also slightly influenced job wise for oil to be at a decently high price. I am glad to see it down, but keep it around $65 a barrel, not $100 or $40. Either way there is too much and worries me. Some of our projects do include oil sands and shale oils.

By: Randall

Randall — Sat, 25 Oct 2008 00:29:19 +0000

@Scott, I'm not sure I have anything else to suggest on transportation. The reason OPEC is cutting production to drive the price up is that everyone has cut almost all but necessary travel out of their budgets. That still leaves NECESSARY travel. Going to and from work, there's only so many ways to do it. With the weather getting colder, you've got to be pretty hard-core to do human powered travel (biking, walking/running). Switching to more gas-efficient vehicles is one idea, but it might not be worth the overall cost, now that the price has gone down. Recouping your investment may take years if the price doesn't go back up. Randalls last blog post..$2.33 a Gallon Gas Scares OPEC into Cutting Production

By: Scott Crawford

Scott Crawford — Fri, 24 Oct 2008 22:39:32 +0000

Hey Randall,

I’m reading the post and I can relate given the out-of-control gas prices here in California. I actually work for a company that’s trying to design a product to help people get out of debt. A lot of the people we talk to want to escape from the red but in a way that is still “green.” You mention carpooling and taking public transportation, but are there other things you would recommend people do?

Thanks.

Scott Crawford
GoalSpring