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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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To: Willie Green

Try Europe, it is $6.00 and rising.


25 posted on 05/30/2004 3:12:42 PM PDT by americanbychoice2
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To: Willie Green
Whoa!, prices doubling in three years is about 25 percent inflation.  Economic predictions are like belly buttons, everyone's got one.  It don't upset me none that you got a weird one.  Prediction, that is.

But seriously folks, you had a point though about the impact of gas prices.  In other words, it doesn't matter if gas prices double because they will.  Like you say, what matters is the impact

26 posted on 05/30/2004 7:13:48 PM PDT by expat_panama
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