# Awesome!

**URL:** <https://forums.speedlife.net/t/awesome/60442>\
**Category:** NYSpeed Off Topic\
**Created:** [December 29, 2008, 12:39pm UTC](https://forums.speedlife.net/t/awesome/60442 "2008-12-29T12:39:03Z")\
**Posts on this page:** 4\
**Page:** 2

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [December 30, 2008, 12:13pm UTC](https://forums.speedlife.net/t/awesome/60442/21 "2008-12-30T12:13:36Z")

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> [@Tevenor](#):
>
> Don’t get me wrong. I think the speculators started the “panic” and escalated the upward trend. I think the reports of less demand burst the bubble and made the oil futures come back to reality but now it’s underpriced because of the global economic meltdown. It will go back up on legitimate evalutions once the panic subsides.

Here’s my problem with that. We did nothing to limit speculation, and the big push to do something was forgotten by the public about 5 minutes after gas fell below $3/gal. As soon as demand starts to go up even the slightest oil contracts are going to be the hot ticket again and the price will be artificially inflated again. Instead of allowing that the reforms should be passed now, but it won’t happen. Instead people will read a 2 sentence blurb under a graph like the one pictured above and just say, “oh yeah, speculation wasn’t a big deal”, even when many economists will point to the graph and say it PROVES speculation was a major problem.

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**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\
**Post date:** [December 30, 2008, 12:33pm UTC](https://forums.speedlife.net/t/awesome/60442/22 "2008-12-30T12:33:16Z")

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> [@JayS](#):
>
> Here’s my problem with that. We did nothing to limit speculation, and the big push to do something was forgotten by the public about 5 minutes after gas fell below $3/gal. As soon as demand starts to go up even the slightest oil contracts are going to be the hot ticket again and the price will be artificially inflated again. Instead of allowing that the reforms should be passed now, but it won’t happen. Instead people will read a 2 sentence blurb under a graph like the one pictured above and just say, “oh yeah, speculation wasn’t a big deal”, even when many economists will point to the graph and say it PROVES speculation was a major problem.

I agree. I knew that once gas dropped people would forget about it and worry more about other issues. You barley hear about hybrids, new technologies, etc as soon as gas dropped and even law ideas to help consumers.

Hell, even I am now looking at a SUV.

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**Author:** ![jt76](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jt76/32/5100_2.png) [@jt76](https://forums.speedlife.net/u/jt76)\
**Post date:** [December 30, 2008, 12:36pm UTC](https://forums.speedlife.net/t/awesome/60442/23 "2008-12-30T12:36:15Z")

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mmm owning a V8 car and a V6 gas sucking jeep has never felt so good

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**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\
**Post date:** [December 30, 2008, 12:44pm UTC](https://forums.speedlife.net/t/awesome/60442/24 "2008-12-30T12:44:05Z")

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I feel bad for the people who jumped on the $1.99 and $2.99 for life gas promotions when they bought new cars. Lol

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