If gas prices and all these oil problems keep happening, do you think Nascar will survive?
405589
The only impact it might have is shortened races. Back during the last gas crisis (the one Jimmy Carter created), NASCAR shortened a few races. I beleive it was done more to impact public opinion than to actually help the situation. The gas tanks on cars in the NASCAR series are smaller than the gas tank on most cars.
873620
If they release oil reserves every time the price rises a little it will go down, but we will pay for it dearly when the oil producing countries see that our reserves are getting low. Six years ago our reserves were at an all time low. We held our own for a while but eventually the suppliers realized we didn't have backup and that's how we reached the all time high prices. Several months ago the reserves were in the ninety percent range and that is when it finally started dropping. If they do use the reserves properly gas prices will remain stable. If it does drop dramatically look out we will pay for it later.
552045
gas industry keep this up? ummm, as long as Lincoln Navigators keep getting 9 MPG, and ther over-whelming gas burning vehicles are on the roads. After all oil is a natural resource that will be tapped dry sooner or later.
1144949
Absolutely.  There is plenty of oil, enough to last for 100's of years.  Actually if you look at it logically, we will never really run out of oil.  Supplies will dwindle, we will tap into other sources, like oil shale, and oil sand, but the production cots will go up.  Eventually we will get to a point, where the cost is high enough, to make alternative energy sources, profitable.  Once that happens, competition and the free market system will find a cheap efficient substitute, and we will leave oil usage to the third world.
337234
The answer to most of the US's problems is our dependency on oil.  Not only for automotive fuel but also for energy generation and heating.  We need to find cheaper and more efficient ways to handle these issues and soon.
883539
Nascar cars run on a multimillion dollar budget. yes the sponsors have to put up a lot of money millions. A lot of drivers have to prove themselves and work they way toward better sponsor's. I guess it helps to know people too.
365479
At some point (are we already there?) we will hit what is called peak oil, meaning we will pump more oil that year than was ever pumped or will ever be again.  Then, unfortunately, things will get scary as we are compteting with India and China for oil.  What happens if China makes a move on the oil fields in the middle east?  Are we going to go to war for it?  This doesn't have to come about if our government actually plans for this by funding research into alternative fuel sources.  We can't wait for government, though.  We can change the way we live - enough with the SUVs, turn your heat down, ride (God forbid, if you're an American!) your bike to the store, ect.  Small changes can actually add up if we all do it...or even if 10% of us do.  The key is starting now...not when its already a crisis.
741157
Actually, this is not true. NASCAR is controlled by Hendrick, Roush, Yates, Childress, and possibly DEI. They all own at least 5-10% stock in ISC, and bought it when Bill France Jr. gave up control of it. Everybody should know this.
304008
Not really.  If everyone stopped buying from Exxon and used the other providers, then the other providers would run out of gas pretty quickly due to supply and demand chain effects.  What would happen is that they would buy their gas from Exxon and overall all prices would go up, not down.\n\nFull mythbuster at Snopes.\n\nhttp://www.snopes.com/politics/gasoline/gasout.asp
446687
It is already here.  But we don't want to change and continue to use gasoline like when it was cheaper.  It will start affecting how we travel and live when the price continue to increase.  We continue to buy these oil from Iran (not our friend) and support their government through our need for oil.
409632
Oil is non-renewable.  So it will run out but NOBODY knows when.
1096610
No, because it can be produced without petroleum as it was for thousands of years before we invented the combustion engine. People will always try to survive, they wont just lay down and die because they cant but some diesel in the tractor.
475568
I think that most Americans have stopped buying "unnecessary" fuel, but they are making more than enough money back off of just the necessary fuel (fuel that is needed for daily life, not all of us can walk to work/carpool)... if you have to have it, you have to have it... cuting consumption further isn't an option for most...\n\nSo what happens when capitiolism fails... seems like we are reaching that point with oil... increasing costs could have a crippling effect on our economy through inflation (especially if costs continue to go up)... is it worth it?\n\nThe reserves should have been released a while back... that's just silly, but that's also a Bush...
192391
Will kid, it will be along time coming,President Richard M Nixon had quite allot of wells caped in the 70's Saving them as reserves for the faucher. And there are several undrilled wells to be drilled.We don't need Aarika oil,It just makes money for the Bush family,and there crone's. When the time Com's we can use synthetics,Alcohol burns rill good.NASCAR has bin using it for years.And NANSA has bin using hydrogen for year's as well.
1154704
Sounds like a good choise to me. As in the near future with the cost of petrol going up continually, people wont be able to afford to run a car!
1072226
Yes - the oil companies are gouging - look at the record profits\n\nThe best way to deal with it is by switching to other fuels and reducing our use\n\nPrice is all supply and demand - If the demand is reduced the price will drop\n\nI changed my habits to drop half my mileage driven in a week and am still getting everything done - just fewer trips\n\nall of us together would make a major difference
449287
Yes it would cause world wide economic problems.  First it won't happen the impact of having the petroleum industry collapse would create total disaster for governments.  Look at the U.S.A. Exon made record profits and a number of other companies in the states.  These companies are not going to give up the golden goose without a fight.  The auto industry would need to be completely revamped.  Thousands of U.S. jobs would be loss.  Bankruptcies of major corporations.  Total chaos as wall street investors loose their investments.  Do you truly think any government would allow this to happen.  The only time you will see this take place is when it becomes impossible to continue the petroleum industry as profitable.