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To: 49thMIMOMander who wrote (13070)10/17/2004 4:22:48 PM
From: TigerPaw  Read Replies (3) | Respond to of 20773
 
In Daddy Bush's day oil at $50/barrel would have made it economical to create synthetic oil from coal or similar sources. Note that that is not economic now. The difference is in the value of the dollar. Most of the price rise in commodity goods is due to the dollar giveaway by the Fed which has interest on loans at less than the inflation rate. As the value of the dollar falls, the price of tangibles increases.

TP