Gulf spill = increased cost of fuel,,,

XCR-700 · 04-30-2010, 10:43 PM

Just saw a discussion about the impact of the oil spill in the Gulf of Mexico and they ended with the biggest negative impact would be the slow down or halt of off-shore oil drilling!

They said that that consequences of slowing or halting off-shore oil drilling would be $5.00/gal gas and $6.00 - $7.00/gal diesel fuel by this summer,,,

They speculated the higher cost of fuel would do more harm to the fishing and recreational boating industries than the environmental impact of the spill.

I think their point was the environmental impact of the spill is temporary and its regional and ultimately the company will have to cough up $$ for the clean up, and like all spills it will get cleaned up. But the impact to the economy and to consumers is national, and will have a much more significant and longer lasting detrimental consequences to the country as a whole.

Well that’s what I got out of it,,,

Guess time will tell,,,

04-30-2010, 10:43 PM	#1
XCR-700 Senior Member Join Date: Sep 2008 Location: MA Posts: 1,342 Thanks: 757 Thanked 538 Times in 313 Posts	Gulf spill = increased cost of fuel,,, Just saw a discussion about the impact of the oil spill in the Gulf of Mexico and they ended with the biggest negative impact would be the slow down or halt of off-shore oil drilling! They said that that consequences of slowing or halting off-shore oil drilling would be $5.00/gal gas and $6.00 - $7.00/gal diesel fuel by this summer,,, They speculated the higher cost of fuel would do more harm to the fishing and recreational boating industries than the environmental impact of the spill. I think their point was the environmental impact of the spill is temporary and its regional and ultimately the company will have to cough up $$ for the clean up, and like all spills it will get cleaned up. But the impact to the economy and to consumers is national, and will have a much more significant and longer lasting detrimental consequences to the country as a whole. Well that’s what I got out of it,,, Guess time will tell,,,