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


To: HPilot who wrote (372689)3/3/2008 3:21:38 PM
From: Road Walker  Read Replies (1) | Respond to of 1572131
 
Sorry it's only up a little over 200% since 1999, and I doubt you understand that.

Hugh, I'm sort of giving you the benefit of the doubt because I've never posted to you before. But the difference between $20 and $100+ is more than 200%. Check the chart I linked.

In the 70's the price was so high people were buying wood stoves and cutting down the trees in their back yard. People started buying Toyota's. Gas lines were several blocks long. I don't see that today. People just shrug it off and keep their SUV's. So you information is full of shi#!

I was there young man, waiting in those lines. And although oil is a smaller part of our economy today than it was then, we also import much more of our supply.

But the key issue is not where we are, but where we are going. Do you think oil is going to retreat like it did in the 70's or do you think it is going to continue up at the current pace of 200% every 2-4 years?



To: HPilot who wrote (372689)3/3/2008 5:51:27 PM
From: combjelly  Read Replies (1) | Respond to of 1572131
 
"Sorry it's only up a little over 200% since 1999"

In what universe?

"People started buying Toyota's."

Like the Prius?

"Gas lines were several blocks long."

That was because of rationing. We don't have that now. If it gets that bad, well...

"People just shrug it off and keep their SUV's"

Have you tracked the fate of companies who sell a lot of SUV's and pickups? Ford, for example.