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Re: Oil, Gas Economics
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Posted by hay on September 01, 2005 at 06:35:17 from (207.218.214.203):
In Reply to: Oil, Gas Economics posted by Easy on September 01, 2005 at 02:34:13:
remember what event that happened in 1973? that's right, the Great Arab Oil Embargo. just think for a minute about rising prices and long long lines for gas. and then all of a sudden the lines were gone and gas was freely available again, but a much higher price. and every new convience store in the world was installing gas pumps. well, if we were "short" on gas why install pumps? did not make sense to me then and still don't. that single event in 1973 set a precendence for fuel prices forever. now every small or large "disaster" or production halt will result in price spikes henceforth forever. just hope and pray that the same pricing strategy does not happen to food prices. THEN everyone will see real problems!
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