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To: Amy J who wrote (128646)3/1/2001 8:48:13 PM
From: Paul Engel  Read Replies (1) of 186894
 
Amy - Re: "When was AMD founded? After or before the nasty inflation of the 70's? "

Around the summer of 1969 - only about 9 months after Intel's founding.

Re: ". (Ignore the comment about "start" - that'll just sidetrack the discussion.) "

That was the central issue to my comment.

Re: "what happened in the 70's, in response to the oil inflation and how is it different from now? And why did that fail? How is it different from today? "

1. Gas prices/Oil prices ZOOMED.

2. Congress enacted laws specifying future minimum average gas mileage for cars.

3. Auto makers designed smaller cars with more efficient engines and better gas mileage. Oil consumption began to level off - or decrease in the late 1970s and through the 1980s.

3A - Three Mile Island nearly melted down (late 1970s) - and the Anti-Nukes freaked EVERYBODY about the dangers of atomic energy - and except for works in progress, the use of Atomic Energy for new power generation within the US came to an IMMEDIATE HALT.

3B. The Sierra CLub patted themselves on their collective back at their wine and cheese parties.

4. Oil consumption began to decrease in the early 80s.

5. Gas/oil prices fell from the early 80s until the Gulf War.

6. AFter the Gulf War, oil prices/gas prices subsided.

7. In the US, the ecomomy boomed - and people started buying larger cars and SUVs - with poorer gas mileage - and the added fuel costs became less significant as their salaries increased. Oil consumption ROSE - also due to a burgeoning and expanding US economy.

8. In 1999, OPEC decided they needed to give themselves a raise - and jacked up oil prices.

Here we are today.

Paul
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