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Diesel Fuel Costs Hurting Shiney Wheels
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<blockquote data-quote="wkmac" data-source="post: 319339" data-attributes="member: 2189"><p>I remember during the Nixon years paying in the 40 and 50 cent a gallon neighborhood and in the late Johnson/early Nixon years in the 20 cent range. The good ole days when we walked a 1/4 mile of highway and collected enough soft drink bottles (before the clean highway act and litter laws) to redeem for the deposits and then buy enough gas to ride our mini-bikes all day long. Man life was good. </p><p> </p><p>So you have a republican (Nixon)with lower gas prices prior to the oil embargo than a democrat (Clinton)and now we have another republican (Bush 2) in which gas prices have risen dramatically. IMO it matters not who holds the White House but rather what is the economic policy along <u>with foreign policy</u> (see below) obviously but if you inflate the money supply regardless the rest, prices including gasoline will go up. There are many factors in play with oil but IMHO, chief among them is the fact that the overall money supply has been increased and therefore more dollars in ratio to goods and therefore prices naturally go up.</p><p> </p><p>You know it's funny how history has a kinda funny way of rolling in circles when you consider the 1973' Yom Kippur War started on October 6th, 1973' when Egypt and Syria attacked Israel and the American gov't instead of taking a neutral stance sided with Israel for better or worse depending on POV. In response, the Arab oil lands on October 17th announced they would no longer send oil to the US because of the backing of Israel in the conflict. Our non-neutrality in effect caused the jump in oil price at that time. </p><p> </p><p>Moving forward 30 years, one could beg the question if our involvement in the Middle East has done more harm to the previous stable price of oil or not? It would also be an interesting question to reverse time back to 1990' and follow what April Gillespie was told to tell Saddam about Kuwait and that was the US had no position when it came to Arab affairs and that meaning we would still be a friend of Saddam as we were at that time and no infidel presence on Saudi lands. What would the world be like today? Obviously we'll never know but it does present an interesting thought.</p><p> </p><p>Here's an interesting chart on oil prices from 1970' to about 2003'.</p><p> </p><p><a href="http://en.wikipedia.org/wiki/Image:Oil_price_chronology.gif#file" target="_blank">http://en.wikipedia.org/wiki/Image:Oil_price_chronology.gif#file</a></p><p> </p><p>What really caught me eye was the dramatic price increase from 1970' to about 1980', around $2 a barrel to about $38 dollars a barrel. Now that's a hell of a jump over 10 years and for all purposes it was from 1973' on. Uh, what was it that happened that year? </p><p> </p><p>I know, Darkside of the Moon came out! </p><p>LOL!</p></blockquote><p></p>
[QUOTE="wkmac, post: 319339, member: 2189"] I remember during the Nixon years paying in the 40 and 50 cent a gallon neighborhood and in the late Johnson/early Nixon years in the 20 cent range. The good ole days when we walked a 1/4 mile of highway and collected enough soft drink bottles (before the clean highway act and litter laws) to redeem for the deposits and then buy enough gas to ride our mini-bikes all day long. Man life was good. So you have a republican (Nixon)with lower gas prices prior to the oil embargo than a democrat (Clinton)and now we have another republican (Bush 2) in which gas prices have risen dramatically. IMO it matters not who holds the White House but rather what is the economic policy along [U]with foreign policy[/U] (see below) obviously but if you inflate the money supply regardless the rest, prices including gasoline will go up. There are many factors in play with oil but IMHO, chief among them is the fact that the overall money supply has been increased and therefore more dollars in ratio to goods and therefore prices naturally go up. You know it's funny how history has a kinda funny way of rolling in circles when you consider the 1973' Yom Kippur War started on October 6th, 1973' when Egypt and Syria attacked Israel and the American gov't instead of taking a neutral stance sided with Israel for better or worse depending on POV. In response, the Arab oil lands on October 17th announced they would no longer send oil to the US because of the backing of Israel in the conflict. Our non-neutrality in effect caused the jump in oil price at that time. Moving forward 30 years, one could beg the question if our involvement in the Middle East has done more harm to the previous stable price of oil or not? It would also be an interesting question to reverse time back to 1990' and follow what April Gillespie was told to tell Saddam about Kuwait and that was the US had no position when it came to Arab affairs and that meaning we would still be a friend of Saddam as we were at that time and no infidel presence on Saudi lands. What would the world be like today? Obviously we'll never know but it does present an interesting thought. Here's an interesting chart on oil prices from 1970' to about 2003'. [URL]http://en.wikipedia.org/wiki/Image:Oil_price_chronology.gif#file[/URL] What really caught me eye was the dramatic price increase from 1970' to about 1980', around $2 a barrel to about $38 dollars a barrel. Now that's a hell of a jump over 10 years and for all purposes it was from 1973' on. Uh, what was it that happened that year? I know, Darkside of the Moon came out! LOL! [/QUOTE]
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