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Re: Oil price and environment - a positive

Posted by gromit on August 19, 2005, at 22:31:35

In reply to Re: Oil price and environment - a positive, posted by Declan on August 18, 2005, at 3:02:47

> $3 a gallon? You know what it is here? A$1.20 a litre. When it goes up more there will be a ripple effect. Like stagflation in the 70s, do you think?

I'm guessing that's more then? ;) Right after high school I worked in a gas station that had pumps that read in litres. They displayed the price by the gallon on the signs as usual though, it caused no end of anger and confusion among the customers. I don't know why we still have the old nonsensical system of measurements.

I don't know, it does affect the cost of everything doesn't it? The cost of moving stuff around has gone way up, independant truckers say it's not worth it to even start their rigs here etc. My only memory of the shortage in the early 70's is watching the steam come out of my dad's ears waiting in the huge lines, I'm a spring chicken of only 40.


Rick


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