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Are gas prices fueling your pain?
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Comments
Here in San Diego they seem to go hand in hand. About the time they get a new section of freeway built there is a new subdivision or industrial park being built. When they built hwy 52 freeway connecting East and West SD county, there was no traffic the first year or so. Now it is a parking lot during rush hours. They are widening it to relieve the congestion. It is kind of a which came first the chicken or the egg situation.
anyways, one of the roads with a lot of traffic has several single lane sections. some of those are being expanded to 2. i personally was fine with leaving them as 1 lane, as i think it will just encourage more development outside our town, but not relieve the traffic situation, and not help any of the local businesses.
If you want to be first class all you need to do is move to Fortuna, ND. You would be the hit of the town with your Sequoia. I am sure you can get a home for $10-15k. Number of housing units = 39. Number of people = 25.
"But why has the price of my ammo tripled? "
My answer about the metal demand is part of the issue, but incomplete. I sent an email to a friend who is a bit more in the know about those things. He responded with:
Yes, the raw materials; brass, copper, steel and lead are up. The powder has gotten expensive, too. The dramatic price increases on ammo has been to all the military caliber's, in general. Iraq and Afghanistan are drawing all domestic production of .308; 5.56, 9 mm and .40 cal. There was military surplus available several years ago (lower prices over commercial), now there is no surplus.
Everyone in Maine is loading their own by now though.
Twenty years later, all the projects are finished, everything is deployed and running. Nothing has changed accept getting to the Logon Airport and back is easier if you make all the correct exits (four going and three returning). BTW Logan Airport is getting the worst customer satisfaction ratings ever.
What happen, is that the economy essentially lets more regular folks by more cars. For twenty years people kept buy more cars because the promises of better traffic conditions was held there like a carrot.
When I came to Boston twenty years ago, junker city cars were everywhere. No body was going to buy an keep a nice car in Boston city limits. That was a crazy idea. I don't even see junkers anymore. I see tens of thousands of Prius's and Minis, Camerys and BMW 3 series, not cheap stuff.
Twenty years ago, the street I live on always had plenty of street parking spots. Today, there are no more houses, but serious arguments regularly breakout over just a few feet of street space. During snow emergency conditions, despite threats by Mayor Manino, who lives in my neighborhood, people claim their dug out car spots jealously.
The city is simply bursting with to many cars. And it's getting much worse faster. The belt way around the Boston area, 128, can go grid lock condition both directions at any time day or night. Twenty years ago, 128 was never full accept at the the major exchanges for 90, 93, or 95.
That should be simple. Pass an ordinance banning on street parking. Many subdivisions in CA and AZ have those right in the covenants. My sis in AZ just moved into her new home. You cannot leave a car in your driveway more than 24 hours. Has to be in the garage. If they did away with on street parking in your area. It would be much easier clearing snow in the winter. I'm with you that it seems the more roads they build the worse the traffic. I think we just have too many cars. Maybe the high priced gas will eliminate a few. It won't hurt my feelings.
You can't eliminate on street parking if you have no alternatives. In cities like Boston, or much of NYC people live in apartment bldgs, many of which don't have parking lots, or in townhouse style 2-3 family units, that are built in a rowhouse style, without driveways or garages. As a side note, in NYC when it snows, most parking rules are suspended, allowing and encouraging people NOT to move the already parked cars.
Staten Island and Queens are multiple vehicle households, Manhattan, more likely to be mass transit/bike owners, With the Bronx and Brooklyn somewhere in between.
Most of us don't think it's horrible, however.... to get on topic, we are well over $4 for all grades of gas.
Can you and your wife get a full meal of chicken fajitas or carnitas for $7-$8 including tax and tip? We have 6 good Mexican places in our little town and only 4 gas stations. Cheapest gas is $4.15 at the Shell. A carne asada Burrito that is more than I can eat is $3.99. That includes chips, salsa and hot pickled carrots. We also have a Great Thai food restaurant that cooks everything fresh with NO MSG. Brooklyn Pizza is owned by a guy from NYC. He has real good thin crust Pizza. Still has NJ plates on his car, been here 3 years. He charges $18 for the Works, which seems high priced. But we like him so we splurge now and then.
Have a great safe Memorial Day
But seriously, if you know where to go, yes, you can find great, cheap eats.
And a safe holiday to you and yours.
Local politics is neighborhood based, which generally means that only hyper local issues get managed. The mass transit system which is the oldest in the country, even older than NYC subway system, has long had enough clout to take care of itself, thankfully, but car traffic management has received only piecemeal support and then only with federal money. But, the "Big Digg", a $14 billion dollar project, is probably the last such road project of it's kind. Here come the bike trail projects!
The vast majority of housing in middle class areas have only street parking. Some homes on my street only added off street parking 50 years after the original home was built. Picture bull dozers carving away chunks of the homes foundation walls to make room for a single car width driveways two cars long running into the back yard.
Nothing gets torn down. A 150 old twenty room mansion on my street got bought for demolition. The neighbors literally marched to the local police station and in mob fashion said "No way". The mayor of Boston literally had to step in and provide money to the developer to move a three story, 20 room mansion in tact. And even after that projected finish, the developer left cars parking on the street.
That's the picture of modern Boston folks should have. Cars ain't gonna ever go away and the ain't gonna ever get managed. Chaos reigns!
60.3 miles according to Yahoo. If the pickumup gets 20 mpg we are talking 6 gallons or about $24 round trip. Folks in the rural areas are definitely cutting back on their trips to town.
It use to drive me crazy when I would go out to eat with friends in Anchorage. They always wanted to take me to one of the Mexican restaurants that had the "best" Mexican food. I would choke on the prices they charged. I usually ended up paying the bill. There is just no way in the world a Mexican meal is worth $12-$15. Same reason we rarely go out for Italian. Just no way that pasta can be worth the prices charged. I guess we are spoiled and cheap. Spent too many years in poverty to squander money.
It does bother me to see Gen Y nieces and nephews racing around in blinged out Denalis & 4X4 PU trucks, while their parents slave to keep up with all the bills. The younger generation is in for a big shock when mom and dad cannot subsidize their high flying lifestyles. Many seem to have no economic sense.
I think that's already been a way of life for rural residents for a long time. We have some friends down in Holly Brook, Va, which is up in the mountains. My uncle lived down there for a few years, when he had this fascination for mountain living...guess he took "Grizzly Adams" to heart! Anyway, the nearest semi-big town was Bluefield, West VA.
I just mapquested it, and it's "only" a 21.3 mile trip. Mapquest thinks you could make it in 33 minutes. But I doubt if you're going to, with some of those mountain roads.
I remember people down there would tend to go into Bluefield as rarely as possible. They'd buy as many groceries as would fit in their car, hopefully lasting them a couple weeks. And then, with the more perishable stuff like milk and such, they'd just buy from a local Mom & pop store. Lotta people raised chickens too, so they'd have fresh eggs. A lot of the people down there didn't have much money, so they learned to conserve and be resourceful long before fuel prices started to shoot up.
I did notice that the District of Columbia is over $4. This is where all the mental midgets go to pass laws. I think we are in big trouble. It doesn't matter which party passes the law, you can bet that it will be either too little too late or too much too early.
Maybe they won't notice.
The sad part of the story in ND is that there are few Mom & Pop stores left. When gas was cheap in the 90s everyone drove into the big towns for everything. In just the last 10 years I've seen a number of stores close in the areas I visit. People are going to regret not supporting those stores when they had the chance. They are now gone and there is little chance any will come back given the declining populations. The one exception to this is that many gas stations are turning into convenience stores. So if a town was lucky enough to keep the gas station they have some options.
NG did an article a few months ago about ND.
http://ngm.nationalgeographic.com/2008/01/emptied-north-dakota/bowden-text
They will give you a free trailer dump if you fill up (but there are free places in town, so unless you live there, I'm not sure why you'd bother, unless you really want to, er, lighten your load to help your mpg.)
We give all kinds of subsidies to the rural farmers, but none to the Mom & Pop stores, or the local hardware stores. We know one guy here who had to move to town 15 years ago. All his neighbors were getting paid not to grow stuff, and his parents were going broke trying to sell nuts and bolts and the odd lawnmower. They shut down and everyone in his family scattered to find paying work.
http://www.mta.info/nyct/maps/submap.htm
**edit: gave up after about 10 mins...battery's on the charger now. :sick:
Will states start suspending gas taxes? Will the Feds start suspending gas taxes? Clearly the voters will be in a really bad mood so which political party is going to get whacked hardest?
If the gas taxes get axed, will the highway projects just end? Would road building end? Would normal road maintenance end?
How bad would the roads need to be before people stop driving?
I can't imagine letting nasty roads stop me from driving.
Now, I agree, it is going to be interesting what candidate does what with this exorbitant fuel price issue. Reduced fuel taxes are hard to be an imaginable choice, though, with the money needed for Project A or Project B or Project C, as naseum. Big government is a big job and monies are always needed.
2021 Kia Soul LX 6-speed stick
Australia $5.60 $1.48 A$1.54/L 2008-05-27 2008-05-27 [1]/XE.com
Bahrain (Manama) $1.02 $0.27 BHD 0.100/L (95 Octane) BHD 0.080/L (90 Octane) 2008-04-29 2008-04-29 [2]
Belgium (Brussels) $8.44 $2.23 €1.45/L[3] 2008-05-12 2008-05-12 [4][5][6]
Brazil (São Paulo) $6.01 $1.56 R$2,59/L 2008-04-29 2008-04-29 [citation needed]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Canada $5.18 $1.37 C$1.35/L 2008-05-05 2008-05-24 GasBuddy/XE.com
China $2.80 $0.74 2008-05-27 2008-05-27 CNN Money/[3]
Croatia $7.38 $1.95 HRK 8.99/L 2008-05-23 2008-05-23 INA Unleaded 95 [4]
Cyprus $6.18 $1.63 €1.04/L 2008-03-20 2008-04-22 for Unleaded 95[[5]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Denmark (Copenhagen) $8.14 $2.15[5] DKK10.76/L[6] 2008-04-21 2008-04-21
Egypt (Cairo) $1.23 $0.32[7][5] 2008-05-05 2008-05-05 [8]
Eritrea $9.58[9] 2008-05-06 2008-05-06
Finland $8.91 $2.36 €1.50/L 2008-05-22 2008-05-22 [6]
France $8.07[9] 2008-05-06 2008-05-06
Germany $8.91 $2.36 €1.50/L 2008-05-22 2008-05-22 [7]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Greece $4.93 $1.30 €1.24/L 2008-05-12 2008-05-12
Honduras $4.26 $1.07 Lps. 81.00/G 2008-05-26 2008-05-26
Hong Kong $7.56 $1.997 HK$15.54/L 2008-03-05 2008-04-12 Shell Hong Kong/[8]
Hungary $7.51 $1.985 HUF 315/L 2008-05-15 2008-05-15
Iceland $8.06 $2.13 ISK 159.20/L 2008-05-27 2008-05-27 Olís/[9]
India (Bangalore) $4.61 $1.22 INR 55.15/L 2006-10-13 2006-10-13
Indonesia $2.46 $0.65 IDR 6,000/L 2008-05-24 2008-05-24 Pertamina/[10]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Iran $0.41 $0.11 2007-06-01 2007-05-05 CNN Money/[11]
Israel $7.20 $1.91 NIS 6.58/L 2008-05-01 2008-05-01 Israel Min. of National Infrastructures (Hebrew)[12]
Italy $8.79 $2.32[5] €1.49/L[6] 2007-11-08 2008-05-18
Japan $5.83 $1.54 ¥160.1/L 2008-05-12 2008-05-12 The Oil Information Center Japan[13]
Kuwait (Kuwait City) $0.78 $0.21 KWD 0.060/L (91 Octane) 0.065/L (95 Octane) 2006-04-13 2006-04-13 [14]/Kuwait Oil Company
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Malaysia (Kuala Lumpur) $2.01 $0.53 RM1.92/L 2006-02-13 2006-02-13 [15]/Google exchange calculator on 15 May 2006
Mexico (Mexico City) $2.36 $0.62 MX$6.80/L 2007-05-05 2007-05-05 Banco de Información Económica/[16]
Monaco $8.31[9] 2008-05-06 2008-05-06
Netherlands $8.95 $2.36 €1.52/L 2008-04-28 2008-04-28 Shell/[17]
New Zealand $7.79 $1.62 NZ$2.059/L 2008-05-27 2008-05-27 Pricewatch/fx.com on 2006-09-29
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Nigeria (Lagos) $0.38 $0.10 2005-03-13 2005-03-13 CNN Money/[18]
North Korea $2.69 $0.71 101.139 KPW/L 2006-11 2006-11 2007 GTZ[19]
Norway (Oslo) $9.71 $2.56 NOK 12.99/L 2008-04-14 2008-04-14 Shell/[20]
Pakistan $4.01 $1.06 Rs 68.81/L 2008-05-04 2008-05-04 PSO/[21]
Philippines (Manila) $3.54 $0.94 P 40.57/L 2007-09-17 2007-09-17 Shell Philippines/[22]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Portugal $8.90 [9] $2.35 €1.494/L (95 Octane) €1.634/L (98 Octane) 2008-05-26 2008-05-26 Mais Gasolina/[23]
Qatar (Doha) $0.83 $0.22 QAR 0.75/L (97 Octane) QAR 0.67/L (90 Octane) 2007-09-17 2007-09-17 [24] / The General Secretariat for Development Planning - State of Qatar
Romania (Bucharest) $6.46 $1.71 RON 3.8/L 2008-05-17 2008-04-15 [25]
Russia (Moscow) $3.79 $1.00 RUR 23.82/L 2008-05-07 2008-05-07 [10]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Saudi Arabia (Riyadh) $0.45[8] $0.12 SAR 0.82/L (91 Octane) and SAR 1.02/L (95 Octane) 2007-05-16 2007-05-16 [11]
Sierra Leone $18.42 $4.87 14400 Leones/L 2008-05-01 2008-05-01 [26]
Singapore $5.19 $1.37 S$1.97/L 2008-01-02 2008-01-02 PetrolWatch/XE.com
South Korea $6.25 $1.65 1,723.89 KRW/L 2006-11 2006-11 2007 GTZ[27]
Sweden $8.72 $2.30 SEK 13.64/L 2008-05-22 2008-05-22 JET/
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
Switzerland (Zurich) $6.24 $1.65 CHF 1.79/L 2007-12-19 2007-12-19
Thailand $4.47 $1.18 38.39 Baht/L 2008-05-15 2008-05-15 Ministry of Energy, Thailand/[28]
Trinidad and Tobago $0.48 $3TTD/L 2008-05-26 2008-05-26
Turkey $10.13 $2.68 YTL 3.44/L 2008-04-22 2008-04-22 NTV/[29]
Turkmenistan $0.29 $0.08 TMM 400/L 2006-11-25 2006-11-25 Turkmenistan.ru/[30]
Country/Territory ↓ US$/gal ↓ US$/L ↓ Local units ↓ As of ↓ Sources ↓
UAE $1.70 $0.45 AED 6.25/gal (95 Octane) AED 6.75/gal (98 Octane) 2008-05-04 2008-05-04 [31]/Bahrain Tribune
Ukraine $4.43 $1.17 UAH 5.9/L 2008-04-18 2008-04-18
United Kingdom $8.53 $2.26 £1.14/L 2008-05-22 2008-05-22 petrolprices.com/XE.comUnleaded price graph
United States $3.93 $1.04 $3.93/gal 2008-05-18 2008-05-25 [12]
Uruguay (Montevideo) $6 $1.6 U$ 32/L 2008-01-12 2008-01-12
Venezuela (Caracas) $0.17[8] $0.05 Bs. 97; BsF. 0.097 2008-01-12 2008-01-12
I have family down there and I remember when some of the kinfolk would drive to Georgia to save on gas since the taxes were cheaper. Now you can't afford to waste the gas heading to the state line.
I know all about the Ooltewah Owls too. :-)
2014 Malibu 2LT, 2015 Cruze 2LT,
I mean come on folks, how long is the oil industry's apologizing, "We are so very very sorry to be making these mountains of profits. We can't control the market forces that are just handing our companies billions of dollars in profit. It's against the law for the oil industry to not make as much money as possible during these extremely hard times, because that's how business works. We don't control the price of gas or oil, the market drives everything!"
If the public doesn't get a clue and force the oil companies by law to "Cut the S@#$", we are going to start seeing a move to nationalize the oil companies. Wouldn't that be a cool trick. If Venezuela can do do it, so can we. Look at Venezuela's gas price!
Because, by rational standards, they're not "obscene". Large? Of course. In 2007 Exxon had revenues of $400B, profits of $40B, 10%. That's the profit margin of a successful company. Look at Microsoft - 25% to 30%. Not a good example? Look at Proctor and Gamble, the soap maker, around 15%. So your arguement is false. If we eliminate the profit motive, we can count on oil and gas shortages, as investors take their money elsewhere.
p.s. My biggest disappointment with the recent showboating in Congress was that the oil execs didn't pull out a simple pie chart: If gas costs $4/gallon, and crude costs $3/gallon, how much is left for taxes, shipping, refining, and selling? Not much!
HAHAHAHAHAHAHAHAHAHAHAHAHA!
Oops.... sorry
If Congress, in its infinite stupidity, passes a law that taxes "windfall profits", thereby reducing the value of my 401(k) & jeopardizing my retirement, who will reimburse me?
WHAT WE PAY FOR IN A GALLON OF REGULAR GASOLINE
Mo/Year Retail Price (Cents per gallon) Refining(percentage) Distribution & Marketing (percentage) Taxes(percentage) Crude Oil (percentage)
Jan-00 128.9 7.8 13.0 32.1 47.1
Feb-00 137.7 17.9 7.5 30.1 44.6
Mar-00 151.7 15.4 12.8 27.3 44.6
Apr-00 146.5 10.1 20.2 28.3 41.4
May-00 148.5 20.2 9.2 27.9 42.7
Jun-00 163.3 22.2 8.8 25.8 43.1
Jul-00 155.1 13.2 15.8 27.2 43.8
Aug-00 146.5 15.8 7.5 28.8 47.8
Sep-00 155.0 15.4 9.0 27.2 48.3
Oct-00 153.2 13.7 10.1 27.5 48.6
Nov-00 151.7 10.4 11.8 27.8 50.0
Dec-00 144.3 8.0 17.9 29.2 44.8
Jan-01 144.7 17.8 10.4 29.2 42.7
Feb-01 145.0 17.3 11.0 29.1 42.6
Mar-01 140.9 18.8 9.7 30.0 41.5
Apr-01 155.2 31.6 4.6 27.1 36.7
May-01 170.2 26.4 14.0 24.7 35.0
Jun-01 161.6 13.2 24.1 26.0 36.7
Jul-01 142.1 10.0 20.0 30.0 40.0
Aug-01 142.1 20.0 9.0 30.0 41.0
Sep-01 152.2 18.0 17.0 28.0 37.0
Oct-01 131.5 10.0 20.8 31.9 37.2
Nov-01 117.1 10.0 18.0 36.0 36.0
Dec-01 108.6 11.7 12.7 38.7 36.9
Jan-02 110.7 13.0 11.8 37.9 37.2
Feb-02 111.4 12.1 11.2 37.7 39.1
Mar-02 124.9 19.4 6.1 33.6 40.9
Apr-02 139.7 15.5 13.0 30.1 41.4
May-02 139.2 11.9 14.2 30.2 43.7
Jun-02 138.2 15.0 13.0 30.4 41.6
Jul-02 139.7 15.0 12.6 30.1 42.3
Aug-02 139.6 11.4 13.4 30.0 45.0
Sep-02 140.0 10.8 12.6 30.0 46.7
Oct-02 144.5 13.9 11.7 29.1 45.3
Nov-02 141.9 11.1 18.0 29.6 41.3
Dec-02 138.6 11.7 12.3 30.3 45.7
Jan-03 145.8 11.5 10.3 28.8 49.4
Feb-03 161.3 15.0 9.5 26.0 49.5
Mar-03 169.3 14.8 14.8 24.8 45.5
Apr-03 158.9 13.2 19.8 26.4 40.5
May-03 149.7 15.3 16.3 28.1 40.4
Jun-03 149.3 15.1 12.3 28.1 44.5
Jul-03 151.3 15.3 11.9 27.8 44.9
Aug-03 162.0 22.5 8.2 25.9 43.3
Sept-03 167.9 13.9 22.7 25.0 38.3
Oct-03 156.4 14.9 16.1 26.9 42.2
Nov-03 151.2 11.7 15.3 27.8 45.2
Dec-03 147.9 11.5 12.6 28.4 47.5
Jan-04 157.2 15.9 9.9 26.7 47.5
Feb-04 164.8 19.1 9.2 25.5 46.2
Mar-04 173.6 19.0 11.3 24.2 45.5
Apr-04 179.8 22.0 9.9 23.4 44.6
May-04 198.3 30.6 7.8 21.2 40.4
Jun-04 196.9 21.3 16.7 21.3 40.7
Jul-04 191.1 20.9 11.3 21.9 45.8
Aug-04 187.8 13.9 12.2 22.4 51.5
Sep-04 187.0 14.8 9.1 22.5 53.6
Oct-04 200.0 13.0 9.3 21.0 56.7
Nov-04 197.9 10.7 14.6 21.2 53.6
Dec-04 184.1 8.9 18.1 23.9 49.1
Jan-05 183.1 17.7 7.3 24.0 50.9
Feb-05 191.0 16.1 9.3 23.0 51.6
Mar-05 207.9 19.3 6.2 21.2 53.4
Apr-05 224.3 20.9 9.6 19.6 49.8
May-05 216.1 17.9 12.8 20.4 49.0
Jun-05 215.6 18.5 6.9 20.4 54.2
Jul-05 229.0 17.9 8.0 19.2 54.9
Aug-05 248.6 24.3 2.1 17.7 55.9
Sep-05 290.3 27.3 7.5 15.2 50.0
Oct-05 271.7 15.1 17.8 16.2 50.9
Nov-05 225.7 8.3 13.1 19.5 57.1
Dec-05 218.5 13.5 7.9 20.1 58.4
Jan-06 231.6 13.4 6.6 19.8 60.1
Feb-06 228.0 9.8 11.4 20.1 58.6
Mar-06 242.5 21.7 4.5 18.9 54.8
Apr-06 274.2 25.8 3.1 16.7 54.2
May-06 290.7 21.9 8.8 15.8 53.4
Jun-06 288.5 22.0 7.9 15.9 54.1
Jul-06 298.1 26.3 6.3 15.4 52.0
Aug-06 295.2 15.2 13.5 15.9 55.4
Sep-06 255.5 6.3 18.8 18.3 56.7
Oct-06 224.5 10.9 10.6 20.8 57.7
Nov-06 222.9 14.6 7.5 20.4 57.5
Dec-06 231.3 12.9 9.4 19.7 58.0
Jan-07 224.0 10.6 15.2 20.3 53.9
Feb-07 227.8 18.0 5.8 20.0 56.3
Mar-07 256.3 23.6 8.5 15.5 52.3
Apr-07 284.5 28.1 7.6 14.0 50.3
May-07 314.6 27.9 13.3 12.7 46.1
June-07 305.6 22.7 13.7 13.0 50.5
Jul-07 296.5 18.4 11.4 13.4 56.8
Aug-07 278.6 13.5 11.8 14.3 60.4
Sep-07 280.3 12.8 8.6 14.2 64.3
Oct-07 280.3 10.1 8.1 14.2 67.6
Nov-07 308.0 10.0 8.7 13.0 68.3
Dec-07 301.8 8.1 10.5 13.2 68.1
Jan-08 304.3 7.8 11.1 13.1 67.9
Feb-08 302.8 9.9 7.2 13.2 69.7
Mar-08 324.4 8.0 7.9 12.3 71.8
Apr-08 345.8 10.0 5.8 11.5 72.7
And also look at Venezuela's standard of living.
Nationalizing the oil industry only makes sense if you are an oil exporter. I'm not entirely sure how it would benefit the US consumer in any way. Are Canada, Mexico, Venezueala and Saudi Arabia going to start selling us oil at a discount because we have a nationalized oil industry? Now we could take China's route and impose price controls. That's an unsustainable policy and anyone with a basic grasp of economics would never advocate it.
I know you were just joking, Right? Now if I was in charge we would be using our military strength to colonize those countries that have vast oil reserves. Why just go into Iraq? Conquer Saudi Arabia, Mexico, Venezuela, Norway, etc etc.... Nationalizing the piddly amount of oil reserves we have would do nothing. We are already taxing our own oil to the max. Just make sure you have lots of oil stocks in your 401K and go along for the ride. At least until the bubble pops.