[This message has been edited by USFiero (edited 03-18-2006).]

So, what do you think the adjusted price should be? $3.00? $4.00? More?

I am willing to bet the process of finding, pumping, processing, transporting, distributing, etc has gotten a whole lot more efficient. That's how the oil-producing countries have gotten so wealthy so quickly. Not to mention our cars (in spite of our increased demand) have gotten more efficient MPG wise. Let's see... gas was about .26 a gallon when my parents bought their house in 1959 fo $26,000. Gas is now almost 10 times as much but their house is worth seven times as much. Does that mean gas has exceeded inflation? A macDonald's hambuger was 5 cents back then, now a cheap burger is a buck, a twenty-fold increase. Is gas way behind? Economies of scale aren't linear. Inflation is a complex measurment. My first computer was $2400 in 1989 and outdated before I paid it off. I built this one fo less than $300 out of pocket, and it runs circles aound the best computer avalible three and a half years ago. I could go on, but I'm tired and this isn't that much fun to debate. I just thought it interesting to track the hoopla ove gas pices and the doom and gloom forcasts associated with it to take the edge off those perrineal reports of economic crisis. Fierobear seems to blame it on the liberal media, while I believe it's a whip used by anyone who finds it convenient to sti the herd.... our ultra-conservative president included, who says we're 'addicted' to oil. As a former addict himself, I guess he's got a right to talk.aaa and why do we care about what happens in the middle east more than, say... Africa? You know, if Sierra Leone turned up to have enomous oil reserves we'd be there in a heartbeat to help end over thirty years of civil war and genocide and impose democracy.
Yes, I'm tired. and cranky. and feeling a bit cynical. Our next president will be an Democrat because of this. Nice going, Bush (and the whole republican party). Way to make Clinton look like the best thing since sliced cheese. Man, i hope there's a strong Independant presidential ticket in 2008, or Mark Warner will be our next Prez. Not a bad thing mind you, another fiscally conservative democrat.