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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (133284)2/21/2001 7:58:52 PM
From: Jim McMannis  Read Replies (1) | Respond to of 1570573
 
RE:"What happened after the last gas shortage in this country?"

Back then, people bought small cars. Now a days they want their cake and eat it too. Big SUVs and low gas prices.
If the ANWR gets drilled who is to blame? The guzzler people or the politicians who give them what they want?

Jim



To: tejek who wrote (133284)2/21/2001 8:48:42 PM
From: Amy J  Read Replies (1) | Respond to of 1570573
 
Hi Tejek, RE: "What happened after the last gas shortage in this country?"

Stagflation:

time.com

From the article:

"But if this keeps up, it means we're entering the worst of all worlds — one when inflation is going up, and economic growth is going down. That's stagflation, which we saw in the '70s, and it really ties the Fed's hands in terms of what it can do. It's way too early to sound the alarm on that just yet."


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