johnc Posted August 15, 2005 Share Posted August 15, 2005 OK, I'm going to try and start an unemotional, factual, logical, economic discussion of oil prices and their affect on our economy. I expect to have to delete this thread at some point, but I hope not. My contention is that even at $60+ per barrel, oil prices are having a very small affect on our economy. http://www.rgemonitor.com/blog/setser/94582 The above link is in contradiction to the author's earlier prediction in August 2004 regarding oil price shocks and their affect on the US economy: http://pages.stern.nyu.edu/~nroubini/papers/OilShockRoubiniSetser.pdf And we are still about $10 per barrel below when oil prices were at their highest in inflations adjusted dollars (1979 through 1981) when Carter imposed oil price controls on US wellhead oil: http://www.wtrg.com/prices.htm Link to comment Share on other sites More sharing options...
Pop N Wood Posted August 15, 2005 Share Posted August 15, 2005 Why is it moderators banned political dicussions, yet they are the ones who always start the political threads? Link to comment Share on other sites More sharing options...
2126 Posted August 15, 2005 Share Posted August 15, 2005 John, are you trying to cause some trouble again? Maybe it's time to go back out in the shop and fabricate something....it will make you feel way better! Just thank goodness we don't pay the same prices as are payed across the pond. Shoot the way I see it, oil prices will only go so high! Why you might ask! People might just stop buying cars all together (yah right). What good is a car if you can't have gas to make it go. Do you all think GM, FORD, and the rest have lobbying power.....maybe enough to influence the oil gods? Hmmmmmmmmm! Link to comment Share on other sites More sharing options...
johnc Posted August 15, 2005 Author Share Posted August 15, 2005 THIS IS NOT MEANT TO BE A POLITICAL DISCUSSION! Read the start of my post. Oh, never mind. Link to comment Share on other sites More sharing options...
Mikelly Posted August 17, 2005 Share Posted August 17, 2005 Well that went well... Mike Link to comment Share on other sites More sharing options...
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