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It is still lowering in price every day. I think pretty soon it will be at the bottom of its cycle. I'll hope to be in time to buy. Whats your opinion?
Also I think it will boost econ from here. I believe the econ will experience a serious revival next years.
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Well it'd better, considering the context, which I think you should have noticed somewhat..?
historically speaking 40$ is still quite high no?
anyone wanna bet how low it'll go?
i'm betting the mid 10's to the lower 20's
Chavez and Putin will be sweating.
don't forget ahmanedijad
damnit..i don't think i spelled that right like most other things 
And Canada.I guess their oil sands will not be profitable anymore.
I doubt it will go much lower. Price here is $1.79 a gallon. It was $1.15 when people first started complaining oh so many years ago. Maybe it will go to $1.50 at the pump.
depends what the fools on the hill do next week wrt car makers.
If they give free money oil will go back up
the car makers are asking for a loan, not free money, unlike the banks.
what i wanna know is what miracle do they think they can create with 25 billio...ugghh i mean 30 billion..wait..is it 34 now?
they're dumasses who can't do business and will never ever be able to compete with even hyundai in the coming years
forget about honda and toyota for a second
Car Makers are being stupid. Or maybe I am, but I'll admit to not knowing much about the auto industry buisness wise.
Anyhow, it just seems to me that the government needs to lower or take away tax on American vehicles altogether. They should also work on eliminating the credit requirements for leasing vehicles because everyday Americans are accumulating debt. I just don't see why a company like GMC is talking about going out of buisness when they can freeze or slow production and try to make their vehicles more affordable. But hey, that's just me. What do I know?
@east:
Not if you make the right math (the one with inflation and the real value of money).
@glad:
I cannot predict the future but as low as 10 seems illogical to me.
i said mid 10's
around 15 -- 16
nolio you're mostly right... but this can be ahieved with them in bankruptcy court as well, they can cut costs by firing over-paid and lazy-useless workers
increases efficiency, cuts costs, cheaper cars, cheaper price, more business, more money, more research, better cars
> Gladiator wrote:
> what i wanna know is what miracle do they think they can create with 25 billio...ugghh i mean 30 billion..wait..is it 34 now?
they're dumasses who can't do business and will never ever be able to compete with even hyundai in the coming years
forget about honda and toyota for a second
ummm, they are competing with honda and Toyota..... i think last year, Ford matched Toyota's reliability. they've been doing business for around 100 years..... before this financial crisis, ford and gm has never asked for any money from the government, and Chrysler only did once, and paid off the loan ahead of schedule, so the government gained money from the action.
the 30 plus billion is supposed to do different things for different auto-makers. Ford and GM's main problems are labor costs and banks making it near impossible for people to get loans to buy new cars while very few people can buy new cars without loans... they've fired enough union workers, that once they finish paying them benefits and once banks start loaning people money, they should be profitable. Chrysler is [w00f!] because a non-automaker bought them and then didnt invest enough in R&D, so they are behind the curve. the money for them is really just going to allow them to be attractive for other auto-companies to buy.
also, it takes like 6 years to go from idea, to new porduct in the Car industry. so its not like the auto-makers havent realised problems the last several years in their line-ups, it just takes a long time for any auto-maker to make significant changes.
> Gladiator wrote:
>
nolio you're mostly right... but this can be ahieved with them in bankruptcy court as well, they can cut costs by firing over-paid and lazy-useless workers
increases efficiency, cuts costs, cheaper cars, cheaper price, more business, more money, more research, better cars
you forget one thing. people have cars for like 6-15 years. during that time, they expect support for their vehicle; if a car company goes bankrupt, that support is at risk and practically no one will want to risk buying from them.
No one talks about the unions? Are the unions operated by saints who look out for the employees jobs anymore?
Let this be a lesson. And as for my opinion? I hope ford, chrysler, gm all go down. I hope they declare bankruptcy and then after that if they still have unions they shud just completely shut down all their plants and go home. It is probly not entirely the unions fault but they took a big role in it. And why give the companies $34B when they proved they can't run an efficient business?
What they need to do is fire all the American workers and use the 34B to build assembly lines in China
all auto companies in big trouble.
no-one cares, no-one should.
viva la revolution
avo they have no competition anymore
only now have they started building cars that MIGHT be able to compare
but that's like 10 years too late
they made stupid decisions, they shouldn't be rewarded for it...
they can EASILY get out of this sticky situation without ANY loan
if you give them a loan, they will just stall the problem..not fix it
a big part of the problem are unions like rooster said... i heard somewhere the total cost of one employee working for GM totals out to be around $70 an hour
while toyota pays in total like $40
how can you compete with that?
they need to start from scratch...
GM will release the ELectric Volt just in time for when gas is $1 a gallon.
> Gladiator wrote:
> avo they have no competition anymore
only now have they started building cars that MIGHT be able to compare
but that's like 10 years too late
they made stupid decisions, they shouldn't be rewarded for it...
they can EASILY get out of this sticky situation without ANY loan
if you give them a loan, they will just stall the problem..not fix it
a big part of the problem are unions like rooster said... i heard somewhere the total cost of one employee working for GM totals out to be around $70 an hour
while toyota pays in total like $40
$70 an hour is the experianced workers that all three are laying off, new workers witht he union's new deal is costing them soemthing like $24 an hour, so eventually they'll have the advantage when it comes to salaries. the US government has always been pro-union, its not like the big three welcomed unions with open arms, they did everything they could to fight them, and the Government fought the big three to support the UAW, and thats why 90% of the people in congress hate the big three.
they cannot get out of this situation without loan or bankruptcy, bankruptcy wouldnt be recoverable and they would cease to exist, the entire US would loose millions of jobs. over 2 million just from assembly lines and dealerships, so thats ignoring managment, engineers, advertisment, and part suppliers, you're probably looking at 4 million jobs lost. there will also be a shortage of cars in the US, that probably wont be filled by foreign manufactures for at least 10 years. so you would be looking at extremely high car prices for the next 10 years in the US. a loan isnt free money, the big three will pay it off and the government should do it because its in its nation's best interest. it will generate more money for the government later on and it will save millions of jobs.
and they have always been able to build cars that compare to foreign cars. the past 10 years, all their customers didnt buy from them just because they were american....
> The Yell wrote:
> yes, pin the fortunes of a $150 billion company on
one model
with unproven technology
that nobody knows how to repair
yep, worked for Henry Ford, so why not?
ummm, they're not doing that at all. they are using one model in particular with new technology as a marketing ploy.
the problem with the big three. is because the union, they focused on large vehicles where they could easily get a prophet from. small vehicles were impossible to profit from because of labor costs. when oil prices rose, sales of the large vehicles crashed and eliminated their profits. they negotiated new union deals to make them able to profit from the small cars, and have started building cars that can compete with Japanese ones on every lvl, but then the economy just crashed, and the banks arent loaning money to anyone.
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