~^Johnny^~ wrote:

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On Sat, 3 Sep 2005 04:47:20 +1000, "Rod Speed"
wrote:

Harry K wrote

The higher the rise, the higher the final price will be when the
crisis is over.

Have fun explaining how come that didnt happen after the 70s.

Like hell it didn't!

I watched Los Angeles gasoline prices more than double after the 1973
oil embargo, and they never returned to less than 60 cents per
gallon, up from 28 cents per gallon.

Of course you ignore the fact that TAXES also increased, and TAXES were
always part of the total cost at the pump during that time.

Then, in 1980, Reaganomics
hiked prices again, to over a dollar and a quarter per gallon. Same
story.

Wow! That's amazing. From you we learn that not only did "Reagonomics
*hike* oil prices, but they did so in the year *before* Reagan himself
even became the President. Reality check: Oil prices dropped after the
stupid price controls of the 1970s were dropped and they dropped again in
the mid-1980s.



What do you know, from behind your computer station in Australia!!!

What do you know, from behind your computer station in some alternate
reality!!!