"RG" wrote in message
. ..
But here's an eye opener for me. In the fall of 2002, I took my boat
from MA to Florida, something that many people here on the east coast do
yearly. That trip's fuel cost was about 4,300 bucks, if I recall
correctly (log book not handy). In many places south of Virginia diesel
was selling for about a dollar/gal at that time.
Right now the same trip would be closer to 14K in fuel costs. I like
boating, but I don't like it that much. So, for now anyway, the boat
stays put. Fortunately I am loan free on it, so it doesn't hurt so much,
but I also think that it's already too late to sell if so inclined and
expect to get fair market value.


But it will always be worth fair market value. The real question is just
what fair market means in dollars and cents. At $3 fuel, it means one
thing. At $5 fuel, it means something else. At $10 dollar fuel, you and
I don't want to know.



Makes a great summer cottage on the Cape, though.



Can you imagine a scenario where several hours of generator time would be
considered an evening's splurge?


LOL! Early, after reading all this gloom and doom, I was trying to figure
out how many pots of coffee I could make with 500 gallons of fuel.

RCE

"RCE" wrote in message
...

"RG" wrote in message
. ..
But here's an eye opener for me. In the fall of 2002, I took my boat
from MA to Florida, something that many people here on the east coast do
yearly. That trip's fuel cost was about 4,300 bucks, if I recall
correctly (log book not handy). In many places south of Virginia diesel
was selling for about a dollar/gal at that time.
Right now the same trip would be closer to 14K in fuel costs. I like
boating, but I don't like it that much. So, for now anyway, the boat
stays put. Fortunately I am loan free on it, so it doesn't hurt so
much, but I also think that it's already too late to sell if so inclined
and expect to get fair market value.


But it will always be worth fair market value. The real question is just
what fair market means in dollars and cents. At $3 fuel, it means one
thing. At $5 fuel, it means something else. At $10 dollar fuel, you and
I don't want to know.



Makes a great summer cottage on the Cape, though.



Can you imagine a scenario where several hours of generator time would be
considered an evening's splurge?


LOL! Early, after reading all this gloom and doom, I was trying to figure
out how many pots of coffee I could make with 500 gallons of fuel.

RCE


I can't believe I've become so bad with words. Meant to say "Earlier" ....
not "Early".
Time for bed.

RCE

Doug,
Read up on the Futures Market before you make yourself look foolish.


"Doug Kanter" wrote in message
...

"RG" wrote in message
. ..
Until we have a "hard" solution, I have an idea. Get futures traders the
phuque out of the oil business. They serve no useful purpose.

Actually they do. If your business profits are significantly influenced
by the price of oil, futures contracts pay a very important role in the
stabilization and predictability of those profits. It's called hedging.
But I suspect you knew that.

The product is too important to be left up to the whims of a bunch of
suits. And, whims is exactly what they are. Did you notice that when that
Saudi refinery was attacked a month or two ago, the price hiccup was
nothing compared to the current one, which is based on absolutely nothing?

I can't believe I've become so bad with words. Meant to say "Earlier"
.... not "Early".
Time for bed.


Nighty night.

On Fri, 21 Apr 2006 22:23:46 -0400, JimH wrote:


Remind me again on what Carter did in the '70's during the high gasoline
pricing and shortages. ;-)

Short memory, Jim?

http://www.pbs.org/wgbh/amex/carter/...ps_energy.html

But it matters little what Carter did. Reagan reversed most of Carter's
energy initiatives believing the market would answer the nation's
energy woes. It has, but now, it seems some are complaining about the
cost.

RCE wrote:
"RG" wrote in message
m...


That's a bit dramatic. It might create a buyer's market for boats, but
not much more. For the average boater, fuel costs are a relativley small
part of the overall cost of boating.

In today's world, I absolutely agree. The more recent discussions in this
thread have been focused on much more extreme scenarios that could
possibly play out in the future.


Do you really belive that boat owners will default on their loans just
because fuel costs have increased?

Yes, if we are talking per gallon fuel costs deep into double digits,
possibly triple digits, and even possibly unavailable at any price. That
is the framework in which my comment was made, and which the discussion
over the last 24 hours has been focused in this thread. You may think
such a scenario unthinkable, but many believe it is not.



Everyone's situation is different, of course, depending on what kind of boat
they have and how and what they use it for.

But here's an eye opener for me. In the fall of 2002, I took my boat from
MA to Florida, something that many people here on the east coast do yearly.
That trip's fuel cost was about 4,300 bucks, if I recall correctly (log book
not handy). In many places south of Virginia diesel was selling for about a
dollar/gal at that time.
Right now the same trip would be closer to 14K in fuel costs. I like
boating, but I don't like it that much. So, for now anyway, the boat stays
put. Fortunately I am loan free on it, so it doesn't hurt so much, but I
also think that it's already too late to sell if so inclined and expect to
get fair market value.

Makes a great summer cottage on the Cape, though.

RCE


I'd fly south and charter a boat or borrow a friend's.

"Harry Krause" wrote in message
...


All Bush is going to be able to do from now until January 2009 is quack.

Oh come on, Harry. Give the guy some credit for one or two other things.
Remember that he's good at standing on his hind legs and begging for a
pretzel, or a pat on the head from Karl Rove.

Harry Krause wrote:
Don White wrote:

RCE wrote:

"RG" wrote in message
m...

That's a bit dramatic. It might create a buyer's market for boats,
but not much more. For the average boater, fuel costs are a
relativley small part of the overall cost of boating.

In today's world, I absolutely agree. The more recent discussions
in this thread have been focused on much more extreme scenarios that
could possibly play out in the future.


Do you really belive that boat owners will default on their loans
just because fuel costs have increased?

Yes, if we are talking per gallon fuel costs deep into double
digits, possibly triple digits, and even possibly unavailable at any
price. That is the framework in which my comment was made, and
which the discussion over the last 24 hours has been focused in this
thread. You may think such a scenario unthinkable, but many
believe it is not.


Everyone's situation is different, of course, depending on what kind
of boat they have and how and what they use it for.

But here's an eye opener for me. In the fall of 2002, I took my
boat from MA to Florida, something that many people here on the east
coast do yearly. That trip's fuel cost was about 4,300 bucks, if I
recall correctly (log book not handy). In many places south of
Virginia diesel was selling for about a dollar/gal at that time.
Right now the same trip would be closer to 14K in fuel costs. I like
boating, but I don't like it that much. So, for now anyway, the boat
stays put. Fortunately I am loan free on it, so it doesn't hurt so
much, but I also think that it's already too late to sell if so
inclined and expect to get fair market value.

Makes a great summer cottage on the Cape, though.

RCE

I'd fly south and charter a boat or borrow a friend's.



I have the vaguest memories of Presidents Nixon, Ford and Carter trying
to push for an energy independence policy, and Ronald Reagan killing the
idea, saying the private sector would provide. Provide indeed. For itself.

I've not seen any aspect of the petrol industry that makes me believe
anything it claims or says. I don't for a New York Minute believe any of
the b.s. it or its accountants put forth as statements on the amount or
percentage of profit the industry "earns." Those books are cooked 1000
different ways.

We're going to be marking time until we have a new President and
Congress, one that is willing to really take on the difficult issues,
stop lying to the American public, and put the future of the majority of
people in this country first.

All Bush is going to be able to do from now until January 2009 is quack.

Up here back in the 70s our federal gov't created a new oil company by
buying out the old Fina Oil Company. This was paid for by a 3 cents per
liter surtax on gas. The new company... Petro Canada.
The idea was to sell gas at a fair price and force the big American
companies to toe the line.
Then that %^$&^ smarmy conservative government of Mulroney came to power
and sold the company back to us as shares. Now it's no better than the rest.
http://www.cbc.ca/news/background/petrocanada/

"Don White" wrote in message
...
RCE wrote:
"RG" wrote in message
m...


That's a bit dramatic. It might create a buyer's market for boats, but
not much more. For the average boater, fuel costs are a relativley
small part of the overall cost of boating.

In today's world, I absolutely agree. The more recent discussions in
this thread have been focused on much more extreme scenarios that could
possibly play out in the future.


Do you really belive that boat owners will default on their loans just
because fuel costs have increased?

Yes, if we are talking per gallon fuel costs deep into double digits,
possibly triple digits, and even possibly unavailable at any price. That
is the framework in which my comment was made, and which the discussion
over the last 24 hours has been focused in this thread. You may think
such a scenario unthinkable, but many believe it is not.



Everyone's situation is different, of course, depending on what kind of
boat they have and how and what they use it for.

But here's an eye opener for me. In the fall of 2002, I took my boat
from MA to Florida, something that many people here on the east coast do
yearly. That trip's fuel cost was about 4,300 bucks, if I recall
correctly (log book not handy). In many places south of Virginia diesel
was selling for about a dollar/gal at that time.
Right now the same trip would be closer to 14K in fuel costs. I like
boating, but I don't like it that much. So, for now anyway, the boat
stays put. Fortunately I am loan free on it, so it doesn't hurt so much,
but I also think that it's already too late to sell if so inclined and
expect to get fair market value.

Makes a great summer cottage on the Cape, though.

RCE
I'd fly south and charter a boat or borrow a friend's.

The fun and adventure was the voyage, not the destination. Besides, I will
not fly commercial unless it's an absolute emergency and have no other
options.

RCE

On Sun, 23 Apr 2006 09:13:30 -0400, Harry Krause
wrote:




I have the vaguest memories of Presidents Nixon, Ford and Carter trying
to push for an energy independence policy, and Ronald Reagan killing the
idea, saying the private sector would provide. Provide indeed. For itself.

I've not seen any aspect of the petrol industry that makes me believe
anything it claims or says. I don't for a New York Minute believe any of
the b.s. it or its accountants put forth as statements on the amount or
percentage of profit the industry "earns." Those books are cooked 1000
different ways.

We're going to be marking time until we have a new President and
Congress, one that is willing to really take on the difficult issues,
stop lying to the American public, and put the future of the majority of
people in this country first.

All Bush is going to be able to do from now until January 2009 is quack.

Same old ****, huh Harry?

The question had to do with how to handle the problem, not who to blame for
it.

Get off it.
--
'Til next time,

John H

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***** Have a Spectacular Day! *****
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