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comparing apples to oranges

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comparing apples to oranges

Unread postby oilbeback » Mon 20 Jun 2005, 21:13:41

will somebody please explain the rational for fox news and the rest of the blowharts comparing the price of gas now to the price back in 1976 which ultimatly led to jimmy carters demise. they say taking into account inflation its all relevent and gas is no more expensive then it was then.
correct me if im wrong but that was the straw that broke the perverbial camels back....yet today we are much more patient with our president and dont hold him responsible..even though when he was asked during first campaign what he would do if gas was $$$ out of hand(like now 2.48/gal) he would simply tell the opec to open the taps. has he done this?
is he to blame for gas prices? thoughts please people talk amongst yourselves i am getting vaclempt.....oh yea as to the apples and oranges trying to compare 1976 to 2005 is nuts were houses going for 350,000 dollars for a 90 some year old house in seattle back then i think not.
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Re: comparing apples to oranges

Unread postby DriveElectric » Mon 20 Jun 2005, 21:41:00

$this->bbcode_second_pass_quote('oilbeback', '
')is he to blame for gas prices?


Nobody can really be blamed for the current situation. There was not one person who got us here. This is a global issue caused by 100 years of decisions.

We should stop trying to blame someone for our issues and just deal with them.
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Unread postby oilbeback » Mon 20 Jun 2005, 21:48:48

Capital letters were always the best way of dealing with things you didn't have a good answer to.

hey electric my caps lock is broke so what in the world are you talking about?????
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Unread postby DriveElectric » Mon 20 Jun 2005, 22:18:25

$this->bbcode_second_pass_quote('oilbeback', 'C')apital letters were always the best way of dealing with things you didn't have a good answer to.

hey electric my caps lock is broke so what in the world are you talking about?????


It is in my sig file. Nothing directed at you personally. It is on all of my posts lately until I find something new.
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Re: comparing apples to oranges

Unread postby RG73 » Tue 21 Jun 2005, 00:57:49

$this->bbcode_second_pass_quote('oilbeback', 'y')et today we are much more patient with our president and dont hold him responsible


We are? I thought his approval ratings are in the toilet.

$this->bbcode_second_pass_quote('', '
')even though when he was asked during first campaign what he would do if gas was $$$ out of hand(like now 2.48/gal)


$2.48 is not out of hand. Totally reasonable. Enjoy it, it'll be the cheapest you'll ever see it again.

$this->bbcode_second_pass_quote('', '
')he would simply tell the opec to open the taps. has he done this?


Yep. He sure did. Problem is the "tap" has been opened up all the way for a while. No swing capacity left.

$this->bbcode_second_pass_quote('', 'i')s he to blame for gas prices?


Insofar as his first priority since being briefed by Simmons 5 years ago about peak oil was to take the worst possible course of action, yes. But we were going to peak regardless and as soon as supply got tight and demand continued to increase, prices would rise.

$this->bbcode_second_pass_quote('', 'o')h yea as to the apples and oranges trying to compare 1976 to 2005 is nuts were houses going for 350,000 dollars for a 90 some year old house in seattle back then i think not.


Well I think the idea is that oil was more expensive then relative to per capita income. But, yeah, given the inflation of house values (among other things), I'm not exactly sure how accurate the conversion between 1976 prices and 2005 prices is. Pehaps someone with more economic knowledge can shed light on this.
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Unread postby The_Toecutter » Tue 21 Jun 2005, 01:08:24

$2.48!? ROFLMAO! Just you wait. $7? $15?
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Re: comparing apples to oranges

Unread postby MonteQuest » Tue 21 Jun 2005, 01:18:37

$this->bbcode_second_pass_quote('oilbeback', 'w')ill somebody please explain the rational for fox news and the rest of the blowharts comparing the price of gas now to the price back in 1976 which ultimatly led to jimmy carters demise. they say taking into account inflation its all relevent and gas is no more expensive then it was then.


It's about the purchasing power of a dollar then compared to now.

When I was 16 (1967) gas was $.25 a gal. A pack of cigs was $.25. A hamburger was $.30, candy bar a nickel.

At $2.50 a gal, gas is 10 times what it was then. Ok, now try to buy a pack of smokes for $2.50. A hamburger for $3, or a candy bar for $.50.
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Unread postby 0mar » Tue 21 Jun 2005, 01:30:46

You could probably do a hamburger for $3 dollars; probably not the best hamburger in the world, but you can do it.

A candy bar for 50 cents is workable too, if you don't mind eating a smaller one.
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Unread postby savethehumans » Tue 21 Jun 2005, 01:54:18

$this->bbcode_second_pass_quote('', 'o')r a candy bar for $.50.


You can get them for that, or even cheaper, if you go to a dollar store!

But you're right about the 5-cent candy bar. I was born in 1955, and remember the nickel chocolate fix very well! The reaction of my schoolmates to the 10-cent bar is not a pleasant memory! :lol:

Yeah, I hear the "spending power of a dollar" argument all the time. But I can't shake the feeling we're getting a lot LESS for MORE money now!

Dollar stores. That's the ticket. At least, until the economy collapses.
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Unread postby I_Like_Plants » Tue 21 Jun 2005, 02:04:07

I think comparing prices to what they were, inflation-adjusted, during the 70s gas panic is VERY useful and relevent.

Because, the 70s gas panic changed our society a LOT. It forced out a President in disgrace and did much toward the current Republican dominence we're under now. Er, "Republican", well, sure not Conservative.... yeah.

It changed how people thought, it radically changed what they drive, how they lived ("Turn that light off when you leave the room!" remember Mom saying that?) etc much more than today's gas worries, in fact what's going on now on the home from is nothing at all compared to the 70s gas panic.

US makers are bringing out bigger models, "safety" reports on the news are urging buying larger cars, no one's setting up carpools, auto dealers are taking a bit of a hit but that's easier to explain by everyone being tapped out credit wise than oil worries.

Right now, gas prices are down compared to what they were a few months ago, by at least 25 cents.

It really will take $5 gas to create the kind of atmosphere of the 70s gas panic.
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Unread postby k_semler » Tue 21 Jun 2005, 02:45:48

Smokes for $2.50? No problem here. I just drive 30 miles to Idaho, and buy Sonoma Ciggarrettes for $14.99 per carton. This is about $1.49 per pack. Can't get much of a better deal than that while still being able to taste your ciggarettes.
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