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To: Willie Green
My only real objection is your cavalier dismissal of the economic impact of oil prices.

The thread is about using bogus complaints about oil prices in order to talk down the economy and win political points.   In a free market wages and prices change.  If they have to change, it's better if wages and prices to increase over time and not decrease.   That means if inflation is 2.5 percent, the price of gas will double in 30 years. 

In 2034, gas will be $4.00 per gallon, and in 5 billion years the sun will explode and we'll all be dead.  Have a nice day.

21 posted on 05/30/2004 10:39:40 AM PDT by expat_panama
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To: expat_panama
That means if inflation is 2.5 percent, the price of gas will double in 30 years.
In 2034, gas will be $4.00 per gallon,

LOL!
For somebody who claims to understand market economics, it is ironic that you'd base your prediction on a superficially favorable assumption of inflation rate.

More informed projections would at least intelligently examine the current growth rate of global demand and the growing scarcity of easily accessible global supplies.

Nobody knows for certain when we may be paying $4.00 per gallon gas.
But it's likely closer to 3 years from now than 30.

23 posted on 05/30/2004 11:47:20 AM PDT by Willie Green (Go Pat Go!!!)
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