OK, you're right, and I already knew that. However, prices have climbed significantly in the past four years and it impacts the economy. At 32 years old, I'm hardly old enough to remember the prices of the gas shortage of the 70s, but I am old enough to remember gas at 79 cents/gallon. I remember gas at 98 cents/gallon just a few years ago. So even though the actual price of gas is not at an all time high using the Consumer Price Index and adjusted for inflation, it's still risen quite a bit in a short period of time, and there's an impact on economy of the US, which was the whole point of the thread in the first place.
- Matt Small -----Original Message----- From: Jochem van Dieten [mailto:[EMAIL PROTECTED] Sent: Wednesday, April 27, 2005 1:20 PM To: CF-Community Subject: Bush, Oil prices and Dependence on oil Matthew Small wrote: > I've been thinking about the prices of oil lately - with gas at an all-time > high, I don't understand why everybody keeps complaining about the price of oil. "The price hasn't been so high since the first Gulf War blahblahblah". Duhh, take into account 14 year 5% inflation and the price is lower then it was during the first Gulf War. Jochem ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:155614 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
