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To: alexmark1917
During the 1980s the price of oil plummeted from 38 dollars to 16.50 iirc. Far from causing a meltdown it fueled a boom.
6 posted on 02/24/2015 9:38:57 AM PST by hinckley buzzard
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To: hinckley buzzard

I agree.
Expensive energy is only desired by progressives.


8 posted on 02/24/2015 9:41:12 AM PST by nascarnation (Impeach, convict, deport)
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To: hinckley buzzard
Back in the ́đs Reagan was president. He had pulled off the price controls and rationing of oil and he deregulated industry a LOT. Now Obama is president and he is piling on new regulations faster than FDR ever dreamed of doing and trying to shut down oil production. He has killed coal already so gas must take up that slack. Power prices are going up and will keep going up outside of the gas stations.
27 posted on 02/24/2015 10:31:29 AM PST by arthurus (it's true!)
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