Harte
Senior Member
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Re: The New World Order
But you gotta admit that the bottom fell out of the oil market from the late seventies until around 2003 or so.
I mean, the actual dollar price doesn't reflect it, but when you take inflation, etc. into account, we were paying less in the eighties and especially the nineties for gas than we were pretty much anytime in the seventies.
I don't see gas going much over 4 dollars a gallon in the near future though. In my opinion, a price like that is good for our economy. Makes us go much more efficient and actually helps pay for us to start back to pumping oil here at home that was too expensive to retrieve when oil was selling at 20 - 25 dollars a barrel.
Not to mention it creates incentives for conserving and thus reducing environmental damage.
And it's still less than Europe has been paying for the last 40 years or so.
Short term, you might be right.Chip said:As always; I enjoy your perspective GL but are you saying that the price of gas will drop? Care to say by how much?
I think the price will drop. But not significantly. I think what the PTB call a fair market has become a trucker?s hell, and could enflame the distribution chain just enough to affect "Joe Six Pack's eating habits...
But you gotta admit that the bottom fell out of the oil market from the late seventies until around 2003 or so.
I mean, the actual dollar price doesn't reflect it, but when you take inflation, etc. into account, we were paying less in the eighties and especially the nineties for gas than we were pretty much anytime in the seventies.
I don't see gas going much over 4 dollars a gallon in the near future though. In my opinion, a price like that is good for our economy. Makes us go much more efficient and actually helps pay for us to start back to pumping oil here at home that was too expensive to retrieve when oil was selling at 20 - 25 dollars a barrel.
Not to mention it creates incentives for conserving and thus reducing environmental damage.
And it's still less than Europe has been paying for the last 40 years or so.