Quote:
Originally Posted by billethkid
in the days gone by .....late 80's early 90's we used to pay 69 cents a gallon for gasoline and I think oil was bouncing around $40 a barrel.
Soehow, someway the low prices did not interfere with the subsequent evolution in the oil industry.
The oil industry took on a life of it's own....oil stock speculators....ever rising $$$ per barrel....ever rising prices of gasoline.
The American public, as it does with most major issues, ADJUSTS AND CONFORMS!!!!!
So now that we are beginning to see what the effect of energy indepence (to an early degree) can provide......we are going to start believing the low prices will hurt the future.
Most likely not. Enjoy it while it lasts and by all means support and promote American energy independence.
|
I remember when gasoline first JUMPED to 69cents and I was panicked. I had a Buick Electra 225 that got about 13 mpg and I was a teacher /coach making poverty wages. When I started driving in the early sixties gasoline in our area (KC Mo ) was between 18.9 and 21.9 per gallon or less than $1.50 in today's dollars.