> -----Original Message-----
> From: HP-3000 Systems Discussion 
> [mailto:[log in to unmask]] On Behalf Of Gary Nolan
> Sent: Wednesday, August 31, 2005 3:07 PM
> To: [log in to unmask]
> Subject: Re: OT: The big oil companies - shame on you!
> 

Walter E. Williams had an interesting article on Townhall today...

" In 1950, a gallon of regular gasoline sold for about 30 cents; today,
it's $2.50. Are today's gasoline prices high compared to 1950? Before
answering that question, we have to take into account inflation that has
occurred since 1950. Using my trusty inflation calculator
(www.westegg.com/inflation), what cost 30 cents in 1950 costs $2.33 in
2005. In real terms, that means gasoline prices today are only slightly
higher, about 8 percent, than they were in 1950. Up until the recent
spike, gasoline prices have been considerably lower than 1950 prices."

Of course, prices might decrease if we could prevent the environmental
groups from halting every single proposal to build a new refinary in the
last 30 years.

Comments are my own, not my employer's... Etc.

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