New Car from India to Revolutionize World-Wide Auto Industry!!

[AWMac]

Soon to hit America.

A Ford from Canada and a Chevy from Mexico!

Go figure....

Mac

[Charon]

At $2500 the NANO will mean that even the poorest of people can buy a new car in west and medium class in developing countries. It might mean a huge step upwards in the quality of living for millions of people. And with that, increase in oil consumption and pollution naturally.

BINGO!

Charon

[AKIron]

With oil prices climbing those who can't afford a more expensive car aren't likely to be driving near as much as present car owners.

[Gixer]

Woohoo, Awesome! Another car for a turbo hayabusa engine and race them against tossers in their Ferrari's.

http://www.youtube.com/watch?v=InL-uARF6ks&feature=related


<S>...-Gixer

[Nashwan]

The price of oil is not going up simply because they can't pump enough of it.

That's exactly why the price of oil is going up.

Oil demand is rising, production is struggling to keep up. Production is actually falling in large parts of the world, the only substantial rises are in Russia and Opec countries. The net result is that we are in a seller's market, and they can charge what they like. There just isn't enough spare capacity to provide the competition needed to drive the price down.

[mg1942]

The japs are trying to build larger vehicles now and doing a poor job. Look at the tundra.... very poor fuel mileage. Compared to the US makers.

Another feeble attempt to get the indians off the phone banks.

I dare you to tell that to Nissan.  Nissan's new GT-R weighs ~4,000lbs with just 480 hp.
http://www.youtube.com/watch?v=yDoJdQXmwu8

A stock Nissan GT-R is physically LARGER and is faster at race tracks than...

- Porsche Turbo
- Porsche GT3 (NOT the RS)
- Corvette Z06
- Viper

[Bronk]

See Rule #2

[Mini D]

That's exactly why the price of oil is going up.

Oil demand is rising, production is struggling to keep up. Production is actually falling in large parts of the world, the only substantial rises are in Russia and Opec countries. The net result is that we are in a seller's market, and they can charge what they like. There just isn't enough spare capacity to provide the competition needed to drive the price down.

No. That's not "exactly why it's going up". Production gets limited, fuel gets hoarded and the price goes up. It's not "oops, we can't make enough" it's "oops, we didn't make as much so we're just going to have to charge you more." The incentive for oil companies to make less and sell for more with an increased proffit is significant. The supply is controlled by the people setting the prices. Demand has not changed as significantly as the prices idicate. The supply has not changed as significantly as the prices indicate. It's simply people figuring ways to make more off of a commodity and seeing just how much people are willing to take before the curve swings the other way.

[mg1942]

See Rule #2

[Nashwan]

Production gets limited, fuel gets hoarded and the price goes up

But fuel isn't being hoarded. Oil inventories are about average at the moment. If it was a speculative bubble, you'd see rapidly increasing inventories as supplies were held back.

It's not "oops, we can't make enough" it's "oops, we didn't make as much so we're just going to have to charge you more."

Saudi Arabia is about the only country in that position. Every one else is producing at close to capacity.

The incentive for oil companies to make less and sell for more with an increased proffit is significant.

That only works if one player dominates the market. But the world's largest oil company, Aramco, produces about 10% of the world's oil. The next largest is the Iranian state oil company, with about 5% of the market, and they get smaller from there. The only company with the size to manipulate the market like that is Aramco, which is owned by the Saudi government.

[Rolex]

No one is being turned away at the pump. You can buy all the gas you want because there's no significant spread between supply and demand.

This is how markets react to risks. The risks are the real possibilities of a large future US market drop, financial institution failures later this year including Fannie Mae and Freddie Mac, continual degradation of the $US, a deep recession from housing equity dropping over 30% and the biggest risk - a US/Israeli attack against Iran before the inauguration next year. It's hard to see prices going below $100/bbl again for very long. Could happen, but I wouldn't plan on it.

[SIG220]

No one is being turned away at the pump. You can buy all the gas you want because there's no significant spread between supply and demand.

This is how markets react to risks. The risks are the real possibilities of a large future US market drop, financial institution failures later this year including Fannie Mae and Freddie Mac, continual degradation of the $US, a deep recession from housing equity dropping over 30% and the biggest risk - a US/Israeli attack against Iran before the inauguration next year. It's hard to see prices going below $100/bbl again for very long. Could happen, but I wouldn't plan on it.

I've already lost over $17,000 in my investments over the past 4 months.   And a Realtor just informed me that my home is now worth $24,000 less than what the county tax accessor says that it is worth.  And that if I put it on the market, it would take at least 2-3 months to sell.   So that is a $41,000 hit that I have taken just this past year.   And I'm much better off than many folks, since I own my house free and clear, and have no debt of any kind at all.

You are absolutely right: this could just be the tip of the iceberg.   Things can easily go dramatically downhill from here, especially if banks start to fail.   We are already seeing things happening in the economy that we have not seen take place since the Great Depression:  National home values all falling, and people spending more money than they are earning in order to get by.   

[Roundeye]

If you ever want to buy a Taser, just let me know, as I know a sales lady that I could hook you up with:


(Image removed from quote.)

WOW.  She's got two 38's pointed at me...and she's holding a taser too

[SaburoS]

You guys might wanna reconsider buying Minis, Tatas, and Smart cars...

This is just the G-rated version.  I got more if ya want to be more convinced

I don't buy a car thinking I am going to run into a head on collision with a large truck at speed.
I'd certainly not want to be in a GTR in that situation either. 

[john9001]

banks cannot fail like they did in the depression, the govt, FDIC backs them up, thats why the FDIC was created.

this is just a correction of the over heated housing market hyped up by house flippers, real estate agents, mortgage brokers, housing speculators.