Trump changes US policy: 'Conserving oil no longer an economic imperative'

americanthinker.com ^ | 8/20/2018 | Thomas Lifson

[rktman]

In terms of its effect on the lives of Americans, as well as the economy, the change of U.S. policy announced by the Trump administration last month to almost no media attention is a big deal. Ellen Knickmeyer of the Associated Press picked up on it belatedly:

Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.

[arthurus]

At 2.70 gas is cheaper than it was fifty years ago.

[Magnum44]

50 years ago gas was about 16 cents a gallon where I was growing up. A nice new car was about $3500 and a 1300 sq ft house on a quarter acre lot was about $12,000. So you may be about right with your statement.

[arthurus]

I remember 25 to 30 cent gas. I don’t think gas has been .16 since the fifties. The earliest I remember was .25 and I am 72 so that would be about 1960 I think.

[Magnum44]

Where were you then? I recall 19 cents a gallon in 72’ in rural Ga. It was a big deal when it went over 25 on its way to over 50 cents during the oil embargo.

[arthurus]

I was all over the map in the early 7đ and remember gas going from about .35 to over .75 in the embargo days. There were some "gas war" prices that got down below .20 before the embargo in NW FL. I also remember when one could dial up the octane on the Sunoco pump.

[Afterguard]

Hey! I like my run-flats. They handle well and i dont have to carry a spare or a can of green goo and a 12v compressor.

[Magnum44]

I cant say I recall dial up pumps, but I remember these oldies but goodies...

[Magnum44]

I grew about about 20 West of this intersection (Hwy 41 and Roswell Road).

I have no idea if the big chicken is still there or not today.

[Road Scholar]

Well, did you Google “Big Chicken”.
https://en.wikipedia.org/wiki/Big_Chicken
I know they say “US Hwy 41” but in the Atlanta area it is know as the “Dixie Highway”!
https://en.wikipedia.org/wiki/Dixie_Highway
Anyway, to women in the area, it is more than a landmark, it is the center of their universe.

[Magnum44]

I know they say “US Hwy 41” but in the Atlanta area it is know as the “Dixie Highway”!

In the 1960's it was Hwy 41 (later made famous by the Almond Brothers band Ramblin Man) and there was no I-75 yet. I was between 4 and 7 watching I-75 (two lanes each direction) getting bull dozed and poured just a stones through from my house in Marietta.

[Magnum44]

grrr...stones throw...not through

[ExpatCanuck]

Also, it restricts your diet to only certain types of food. If the driver or the passenger farts, the car will flip over, killing them both.

[1_Rain_Drop]

I see those toy cars in NYC. I’m amazed that someone would dare to get into one of them. Still haven’t seen one of them on the thruway. Maybe they’re only good for city driving.

[Dexter Morgan]

The world’s leading producer of automotive Smug?

[Ozark Tom]

Someone will eventually sort out Venezuela. There are low sulfur tar sands which have extra heavy oil that will flow at modest temperatures. Over 2 trillion bbl of which PDVSA perhaps has the ability to extract 300 billion.

[Fightin Whitey]

Just bought a Ford Taurus, heavy & boxy but AWD and very good for going through the snowy mountains at 4 a.m.

Also I simply refused to buy a Subaru or some other overgrown toy.

At any rate the Taurus has the biggest trunk of any car I've ever own but...you guessed it, no spare, not even a doughnut.

[deadrock]

You got that right.

[Kickass Conservative]

Does this mean our Military won’t be paying $150 a Gallon for Bio Jet Fuel any more?

[rktman]

Hmmmm! That could depend on which corn state senator controls the contract. 🍿🍻⛽️👹

[PA Engineer]

At 2.70 gas is cheaper than it was fifty years ago.

I have posted this previously. We can gauge the destruction of the dollar by silver coinage valuation.

I like War Nickels for comparison.

Gasoline in 1945 was ¢0.21 per gallon or 4.2 War Nickels. Today, War Nickels are worth ¢.85 in metal weight alone. 4.2 nickels will buy you 1.32 gallons of gasoline.

Indeed gas is cheaper and would be even more affordable without fuel taxes that line special interest pockets rather than infrastructure maintenance.

The frightening thing is how debased the dollar is. Obama committed many crimes with the deep state, however the greatest may have been the Keynesian 10 trillion dollar debasement of our currency.