89 cents
|
|
I remember in 1960 in El Paso Texas paying 19 cents a gallon, My dad remembers 10 cents. Through most of my youth, it was around 30-35 cents, when it went to 89 cents (the great fuel shortage in the 70s created by the oil barrons) we were appaled. Guess what, it never went to below 60 cents again, a doubling of price overnight. This is the same ploy being foisted on us again. Here's my theory: we being the most powerful nation on the planet, could blockaid all the ports that ship oil and tell the producers that we will accept all oil at 25.00 a barrel and not a penny more. This might limit the Arab sheiks to ony 2-3 -100 million dollar yachts, instead of a fleet. It might make life tough for the top 1/2 of one percent of the oil barrons, but I say tough shit. We (the US) discovered most of the oil and drilled the wells and set up the refinerys only to have them nationalized and taken over by camel herders, now referred to as sheiks. The American govt., being controlled by Corporations will not do this as the oil barrons won't allow it, so who pays, you guessed it, you and I!
|