Become a part of the TranceAddict community!Frequently Asked Questions - Please read this if you haven'tSearch the forums
TranceAddict Forums > Other > Political Discussion / Debate > Saudis said to boost oil output
Pages (2): « 1 [2]   Last Thread   Next Thread
Share
Author
Thread    Post A Reply
NeoPhono
Übermensch



Registered: Sep 2003
Location: In Orbit

Here's the "meat" of the article I posted earlier. From the Washington Post.

quote:
But the doomsayers are all wrong. First, gasoline prices are still historically cheap. Gas at $2 a gallon seems expensive, but we need to adjust for inflation to determine whether today's price is out of line with past pump prices.

When energy and gas prices are measured correctly, we find that, although the price has risen than 20 percent in recent weeks, gasoline remains affordable in historical terms. The current "record high" price is quite moderate by historical standards. And in real terms, we had higher retail gasoline prices as recently as 1985, and significantly higher prices from 1979 to the mid-1980s.

Winston Churchill once said that to see the future, you have to understand the past. Let's look at the long-term trend on gas prices. Gasoline pump prices have been steadily declining since the 1920s, with the obvious exception of the 1970s, when we faced an OPEC embargo and gasoline lines.

In 1920, the real price of gas (excluding taxes) was twice today's. If today's price of gasoline relative to wages were comparable to 1920, we would pay nearly $10 a gallon.

The same is true, by the way, for the cost of oil -- slightly cheaper today, adjusted for wage growth, than 50 years ago and 5 times cheaper than 100 years ago: Human innovation always finds new oil sources and technology cuts drilling costs.

Old Post Apr-20-2004 11:06  United States
Click Here to See the Profile for NeoPhono Click here to Send NeoPhono a Private Message Visit NeoPhono's homepage! Add NeoPhono to your buddy list Report this Post Reply w/Quote Edit/Delete Message
St_Andrew
I <3 NYC



Registered: May 2003
Location: Stockholm, Sweden

quote:
Originally posted by xKaoSx
you fucking idiot-
you must be 15 and dont own a car.
Gas prices here are $2.30/g

You dont think that is high?

WHY would gas in one part of the country be $1.60 and in cali be that much higher?


fyi, gas in europe costs about $5/g

that is high, but it's good for the envioronment

Old Post Apr-20-2004 13:21  Europe
Click Here to See the Profile for St_Andrew Click here to Send St_Andrew a Private Message Visit St_Andrew's homepage! Add St_Andrew to your buddy list Report this Post Reply w/Quote Edit/Delete Message
xKaoSx
I need more cow bell !!



Registered: Jul 2002
Location: San Diego, Ca.

quote:
Originally posted by St_Andrew
fyi, gas in europe costs about $5/g

that is high, but it's good for the envioronment


And how long is your commute everyday to work?

I drive about 25 miles each way.


___________________
I've never felt alone... 'Till I met you

Old Post Apr-20-2004 13:25  United States
Click Here to See the Profile for xKaoSx Click here to Send xKaoSx a Private Message Visit xKaoSx's homepage! Add xKaoSx to your buddy list Report this Post Reply w/Quote Edit/Delete Message
St_Andrew
I <3 NYC



Registered: May 2003
Location: Stockholm, Sweden

quote:
Originally posted by xKaoSx
And how long is your commute everyday to work?

I drive about 25 miles each way.


hmm about 10 minutes walk (to school)

but the point with high gas prices is that you are more willing to:
- Get a better car which consume less gasonline
- Use the public transport system instead (guess that's hard for you though cause you don't have any )
- Fix a car pool to make the coasts less
- Get a job which is closer to you

Obviously europeans survive, so why shouldn't you?

Old Post Apr-20-2004 13:31  Europe
Click Here to See the Profile for St_Andrew Click here to Send St_Andrew a Private Message Visit St_Andrew's homepage! Add St_Andrew to your buddy list Report this Post Reply w/Quote Edit/Delete Message
BadBadNeil
Supreme tranceaddict



Registered: Dec 2003
Location: CT, USA!

Always funny that people bring up that prices are lower in other countries. Well too bad. We aren't other countries.

This country is based on commuting. We probably do it more than any other country in the world, thereofore a larger percentage of our income goes to gas than other countries. Also it doesn't help that the job economy isn't doing great and is on a rebound with many people out of work and raises to compensate for inflation non existant in many job environments. Therefore if you are making the same or less money that you were last year but gas keeps increasing then its not really adjusting based on salary inflation but yearly inflation.


Someone mentioned Saudi Arabia supports Al-Quaia. They support wahabism (sp) which is an extremist type of religion but they don't support Al Quaida because Al Quaida wants to overthrow the Saudi Government.

Old Post Apr-20-2004 13:41  United States
Click Here to See the Profile for BadBadNeil Click here to Send BadBadNeil a Private Message Add BadBadNeil to your buddy list Report this Post Reply w/Quote Edit/Delete Message
Shakka
Supreme tranceaddict



Registered: Feb 2003
Location:

Gas in America is certainly expensive right now, but most people just don't seem to recognize the inflation side of the equation. Also, a lot of people on this board are pretty young and don't remember gas prices in the 70's when things were really bad. With inflation factored in, comparing gas prices today with historical prices, on an apples to apples basis, shows that gas prices today are still FAR lower on a relative basis vs. historical prices. However, prices are still high, and they've gone up rather rapidly, so the change in prices is felt in the wallet all the more.

FYI, gas prices in the US are extremely cheap vs. global prices. However, if you want the cheapest gas in the world, I'd check with Kuwait and Venezuela. I read a couple of weeks ago that gas prices in Venezuela are about $0.14/gallon. How does that make you feel?!

I have to agree with NeoPhono on the issue of drilling, however. There has not been a major new refinery built in the U.S. in over 20 years, in large part due to environmentalists and political hurdles. We have a strategic petroleum reserve (which I don't think we should be using), and the ANWR, which we SHOULD be drilling if prices are so much of a public concern. I have to agree--Kerry loves to point out things he sees as problematic, but doesn't offer a concrete, logical solution to any of it.

Old Post Apr-20-2004 13:55  United States
Click Here to See the Profile for Shakka Click here to Send Shakka a Private Message Add Shakka to your buddy list Report this Post Reply w/Quote Edit/Delete Message

TranceAddict Forums > Other > Political Discussion / Debate > Saudis said to boost oil output
Post New Thread    Post A Reply

Pages (2): « 1 [2]  
Last Thread   Next Thread
Click here to listen to the sample!Pause playbackwho knows this nice track from tiesto live at ibiza 10-08-02? [2004] [1]

Click here to listen to the sample!Pause playbackPete Heller & Tedd Patterson Present Look & Feel - Big Room Drama (Dramatized) [2005]

Show Printable Version | Subscribe to this Thread
Forum Jump:

All times are GMT. The time now is 07:20.

Forum Rules:
You may not post new threads
You may not post replies
You may not edit your posts
HTML code is ON
vB code is ON
[IMG] code is ON
 
Search this Thread:

 
Contact Us - return to tranceaddict

Powered by: Trance Music & vBulletin Forums
Copyright ©2000-2026, Jelsoft Enterprises Ltd.
Privacy Statement / DMCA
Support TA!