Posted on 01/17/2006 8:09:57 PM PST by newgeezer
OH MY GOD!!!!!!!!!!!!!!!!!!!
:) HA!
maybe.
Maybe not.
depends on the price of oil and whether the oil bubble still exists....
either bomb Iran - or stopping talking about the possiblity of doing so. the speculators will just take the price higher and higher so long as this limbo is sustained.
A lot of this is will depend on how the coming Iran war plays out. Again, $3 a gallon is not expensive. Adjusted for inflation, it is still less than we were paying in 1973 or 1979...
Time to take out the mullahs and the Saudi royal family...then place the Israelis in charge of the oil fields. :-)
It's in Russia's interest to drag this out as long as possible, since the high oil price is so beneficial to them.
I'm used to high gas prices here, but that was quite a bit higher than recent prices and it took me by surprise.
Norwegian oil analysts predict I big dive in the oil price.
I don't belive them...
Oil prices way beyond 50 is the wawe of the future....
Get those fusion reactors happening...
How many boys are we losing to keep oil at certain prices????? Care to explain yourself on that one?
Every time the morons in the MSM start spewing this crap, the morons at the Circle K run out and change their price signs. Geeeeeeshhh! STHU!
We haven't lost ANY boys to keep it that way.
Is that real inflation or the bogus numbers the government puts out?
Norwegian oil analysts predict I big dive in the oil price.<<<
Yup!...and I pretict sardines will whistle the Norwegian Nationl Anthem each time the price goes up...
Wait.. i thought that there was supposed to be a really, really cold winter jacking prices up.. when its been very MILD.
More baloney and excuses for speculators to jack the prices up and kill the economy.
nice job speculators, you rule!
Again, $3 a gallon is not expensive.
---
Whatever, buddy. it hurts EVERYONE in this economy. $3.00 a gallon gas if persistant will crash the economy. period.
They probably will......
But, let me tell you one thing...
My allegiance is to Western Civilization...
Norwegiam oil be damned.....
Whatever dood. Here are the raw numbers. You can play your paranoid inflation game with them if you want...
Annual Average
Crude Oil Prices
1946-Present
U.S. Average
(in $/bbl.)
Year Average
Nominal Inflation Adjusted 2005
1946 $1.63 $16.31
1947 $2.16 $19.20
1948 $2.77 $22.91
1949 $2.77 $23.13
1950 $2.77 $22.89
1951 $2.77 $21.22
1952 $2.77 $20.74
1953 $2.92 $21.65
1954 $2.99 $22.14
1955 $2.93 $21.72
1956 $2.94 $21.52
1957 $3.00 $22.21
1958 $3.01 $20.67
1959 $3.00 $20.46
1960 $2.91 $19.58
1961 $2.85 $18.95
1962 $2.85 $18.73
1963 $3.00 $18.90
1964 $2.88 $19.23
1965 $3.01 $18.98
1966 $3.10 $18.99
1967 $3.12 $18.60
1968 $3.18 $18.15
1969 $3.32 $18.00
1970 $3.39 $17.37
1971 $3.60 $17.68
1972 $3.60 $18.95
1973 $4.75 $21.10
1974 $9.35 $37.64
1975 $7.67 $45.08
1976 $13.10 $45.77
1977 $14.40 $47.21
1978 $14.95 $45.59
1979 $25.10 $68.11
1980 $37.42 $90.39
1981 $35.75 $78.27
1982 $31.83 $65.62
1983 $29.08 $58.06
1984 $28.75 $55.03
1985 $26.92 $49.75
1986 $14.44 $26.18
1987 $17.75 $31.05
1988 $14.87 $25.03
1989 $18.33 $29.38
1990 $23.19 $35.18
1991 $20.20 $29.49
1992 $19.25 $27.27
1993 $16.75 $23.06
1994 $15.66 $21.00
1995 $16.75 $21.86
1996 $20.46 $25.92
1997 $18.64 $23.09
1998 $11.91 $14.53
1999 $16.56 $19.72
2000 $27.39 $31.61
2001 $23.00 $25.83
2002 $22.81 $25.19
2003 $27.69 $29.93
2004 $37.66 $39.61
2005 $46.47 $50.15
Oil shocks are temporary. After all, it's just a global increase in prices (from food to travel to production). The economy will absorb the shock, adjust to higher prices and move on.
So trucking companies will (all) have to charge more. That price will get passed back to the producers (who will charge more) and pass it on to consumers (who will demand higher wages).
It's like government sponsered inflation. If EVERYTHING goes up 10%, it's like NOTHING has gone up 10%. We just use different numbers...
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