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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: pompsander who wrote (737044)4/18/2006 2:17:37 AM
From: Lazarus_Long  Respond to of 769670
 
The combination of the Iranian revolution and the Iraq/Iran War resulted in crude oil prices more than doubling from $14 in 1978 to $35 per barrel in 1981. Twenty-five years later Iran's production is only two-thirds of the level reached under the government of Reza Pahlavi the former Shah of Iran.
wtrg.com

Now according to US gov't CPI, $35 in 1981 is $76.51 now.
data.bls.gov
Or we've just reached an inflaton adjusted panic peak price again.

I wouldn't worry too much about rioting.