To: null and void
[Sending oil prices through the roof is really going to impact US oil producers... ]
The OPEC oil price spikes in the early 70’s put the kibosh on Jerry Ford’s re-election prospects just as surely as renewed price spikes in the late 70’s put the kibosh on Jimmy Carter’s re-election prospects. Oil consumers are a much bigger part of the electorate than oil producers. $4/gallon gasoline will help elect a Democrat in 2020.
9 posted on
09/15/2019 4:26:53 AM PDT by
Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
To: Zhang Fei
We shall see, there is a lot of wiggle room in reducing the legal burdens on industry and commerce that could keep the US pump price fairly low.
15 posted on
09/15/2019 4:45:29 AM PDT by
null and void
(<---powered by warm sunshine and gentle breezes and unicorn farts, donÂ’t forget the unicorn farts!)
To: Zhang Fei
True, but back then we didn’t have the indigenous oil/gas capacity we do now. A spike in prices will drive lots of $$ into the oil/gas industry and could serve to do just the opposite with today’s situation
To: Zhang Fei
Sure! That Nixon thing was just a sideline . . . Yeesh
32 posted on
09/15/2019 5:30:45 AM PDT by
LRoggy
(Peter's Son's Business)
To: Gamecock; Larry Lucido; null and void
41 posted on
09/15/2019 5:52:51 AM PDT by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: Zhang Fei
Converting to USD from CDN, and litres to US gallon, we are paying approximately $3.00/US gallon in Calgary already, BEFORE any pricing changes. In Hongcouver, they are ALREADY paying approximately $4.50 USD/US gallon, and the prices have no apparently, gone up yet! Yet another reason why the lineups to cross to WA from BC are usually so long!
Yuck Foo, Justine True-dope!
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