Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?

... at about $1/gallon so Americans want big SUVs again?





They did this to Carter's dream of syn-fuels by sending oil to $10/barrel in 1986.Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
No. They know that the people will not fall for that again. They will milk us for as much as they can while we are transitioning to alternative energy to slow the progress. The demand is at record lows already and the speculators are inflating the prices while OPEC cuts production to create an artificial ';shortage'; for now.Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
But govt has control over the big banks and they now have speculators that are driving up the cost of oil - that is their plan to keep prices too high, plus they are jacking up the prices on Trucks and SUV's so people cannot afford to buy them.





When California wanted to ulimate large vehicles- Chrysler and GM were against it a couple years back. Now that Govt owns most of the GM and Chysler they make the calls- So its gonna happen. I will only BUY FORDS From now as I suspect most other people will too - cause they will be cheaper than govt cars.
I doubt it. Carter hadn't been President for five years in 1986. Reagan was President. Drop in oil price was due the OPEC not being able to agree on the amount to cut production. IF demand decreases, they would cut production. But worldwide demand won't decrease, because demand is increasing in China and India.
What is going to happen is that when people will drive these little gas sippers gas receipts will fall. So the Government will raise the gas tax to make up for it.





You can't win with the Government. You are going to grab your ankles no matter what you do.





You can't go through life walking on egg shells. Buy that gas guzzling SUV, screw the environment and live life.
No. You realize Carter wasn't in office in 1986, right? Reagan abandoned the energy conservation strategies Carter put forward. We would be MUCH better off otherwise.
Wouldn't that be nice?
I hope so... Cheap Gas is great for the economy. ...and for my bank account:)