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Oil rises above $90 amid US crude supply drop

donsutherland1 said:
T

he Misery Index = Unemployment Rate + Inflation Rate. It does not consider interest rates. Although the unemployment rate was 7.5% when President Carter took office and 7.5% in October 1980 (the November figure wasn't available until after the election), the annual inflation rate was 5.2% when President Carter took office and 12.6% by October 1980. Not surprisingly, the poll cited in the post above specifically cited inflation when referencing voter dissatisfaction with the economy.
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You're right, my bad. My humble apologies. :mrgreen:
 
donsutherland1 said:
I would be wary of using contemporary interpretations in the place of actual data from the 1980 election that is available. The hostage crisis certainly contributed to the outcome, but the leading issue was the economy. From the November 5, 1980 edition of The New York Times:

A New York Times/CBS News poll of more than 10,000 voters as they left the polls indicated that the predominant motivation among voters was the conviction that it was time for a change. The biggest issue in their minds was the nation's economy, especially inflation.
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I was referencing that other posters own link, which he posted and which disputed his position.
 
Sheik Yerbuti said:
You're right, my bad. My humble apologies. :mrgreen:
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No problem at all. I suspect that many don't know or have forgotten what the misery index is.

Sheik Yerbuti said:
I was referencing that other posters own link, which he posted and which disputed his position.
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I see. I just wanted to bring up the actual data from the 1980 election, as there were notable economic circumstances that led to a decisive "change" vote.
 
ptif219 said:
A small majority is not control. Filibuster stops the majority
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Your claim is that the Democratic filibuster stopped us every year since 1971 from prouducing more oil than we did in that year?
 
donsutherland1 said:
I would be wary of using contemporary interpretations in the place of actual data from the 1980 election that is available. The hostage crisis certainly contributed to the outcome, but the leading issue was the economy. From the November 5, 1980 edition of The New York Times:

A New York Times/CBS News poll of more than 10,000 voters as they left the polls indicated that the predominant motivation among voters was the conviction that it was time for a change. The biggest issue in their minds was the nation's economy, especially inflation.
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Inflation however at that time was heavily influenced by the Iranian issue. The Iranian oil that was removed from the world market at the time if I recall correctly significantly raised the price of oil, and as such affected the price of many goods within the US
 
Catawba said:
Your claim is that the Democratic filibuster stopped us every year since 1971 from prouducing more oil than we did in that year?
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Funny, but I read his post carefully and didn't see any reference to 1971. You're the only one bringing up that strawman.
 
Lord Tammerlain said:
Inflation however at that time was heavily influenced by the Iranian issue.
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The larger Iran issue, not the hostage crisis, certainly contributed to the nation's inflation. Oil production had been disrupted since early on in the Iranian revolution. A legacy of overly accommodative pre-Volcker Fed policy that left inflation expectations unanchored further amplified inflation via consumer behavior.
 
USA_1 said:
That drilling ANWR would not make any difference in the price of gas....................simple.
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IMO, the PRICE of gas is not the isse, it is where we get the oil. The price of our gas is subsidized by the blood of our youth. We need to stop buying oil from any country that is involved in terrorism.
If the world suddenly decided to stop buying Saudi oil, and JUST Saudi oil, the royal family would take action against those imans fomenting jihad.
Then on to the next terrorism supporting country.
 
Gill said:
Gotcha... you don't have a clue.
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Please answer your own question for the rest of us....
Seems to me that this nation was not founded for the purpose of guaranteeing profit for businesses...certainly not at the expense of our youth...
 
j-mac said:
Bush was a hell of a lot better than this cream puff.

j-mac
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Bush, the whole Bush family actually, has his head under the robes of the royal family. I will never again vote for an oil man, not even for dogcatcher.
 
The Prof said:
you can say that again

LOL!

in fact, the index was so inimical it was practically INVENTED during the carter years

any disputation of jimmy carter's economic legacy is preposterous

ie, a joke

party on, pupil of pbs
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Carter had an energy policy, which Reagan dismantled. Another example of an actor thinking popularity is equivalent to intellect.
 
carter's intellect---LOL!

carter's "energy policy" pointed primarily at the american lifestyle

americans wanted none of it

especially the TAXES

neither did his own congress, by the way

sorry
 
The Prof said:
carter's intellect---LOL!

carter's "energy policy" pointed primarily at the american lifestyle

americans wanted none of it

especially the TAXES

neither did his own congress, by the way

sorry
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I said nothing about Carter's intellect, stay on track here.
Reagan was like any other popular person, he gets given way too much slack when he goes off course.
His plan was more than lifestyle changes, but since you mention it, are you not willing to use less energy where you can?
 
UtahBill said:
are you not willing to use less energy where you can?
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ask commuters

meanwhile, today:

The weekly national average gas price showed the highest price ever during the month of March and the seventh consecutive increase this week, according to the Department of Energy. Prices are at their highest level since 2008, in part because of the Japan earthquake and turmoil in the oil-producing Middle East. But analysts say the price of oil and gas would still hover at a surprisingly high level despite geopolitical concerns.

The national average gas price is $3.60 today, according to the Department of Energy, up 3 cents from a week ago and 80 cents from one year ago. Last week's national average was an updated $3.56 per gallon for regular gas, the 13th consecutive week that the average was above $3 a gallon, according to the DOE. The last time gas rose higher than $3.50 was Sept. 29, 2008, when the weekly average hit $3.64.
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Gas Prices Show 7th Consecutive Weekly Increase, but It's Not Just About the Middle East - ABC News
 
DON'T ask me

for one thing, it's none of your business

more significantly, i'm NOT interesting

ASK the american people

if you do you'll discover that they are CONCERNED

they are, indeed, VERY concerned

about THRU THE ROOF gas prices, that is

stay up
 
The Prof said:
DON'T ask me

for one thing, it's none of your business

more significantly, i'm NOT interesting

ASK the american people

if you do you'll discover that they are CONCERNED

they are, indeed, VERY concerned

about THRU THE ROOF gas prices, that is

stay up
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YOU brought up "lifestyle changes", implying that Carter's energy plan was little more than that....
and the public is NOT concerned.
If they were, they would carpool at the very least.
Prices will have to get above $5, maybe $6, and STAY THERE, before the public is concerned enough to change their wasteful ways.
 
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the public is not concerned about 4 dollar gas and climbing...

wow

the arrogance of the social engineer exposed
 
The Prof said:
the public is not concerned about 4 dollar gas and climbing...

wow

the arrogance of the social engineer exposed
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well, if that is all you can bring to the discussion.....:2wave:
 
UtahBill said:
If they were, they would carpool at the very least.
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Sure thing, because everyone in my neighborhood works in the exact same part of DFW. Imagine that.

Carpooling is about as realistic as landspeeders.
 
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Erod said:
Sure thing, because everyone in my neighborhood works in the exact same part of DFW. Imagine that.

Carpooling is about as realistic as landspeeders.
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Within a one mile radius of my house in Virginia Beach, VA lived enough people for a 4 person carpool.....in the late 70's.
We all worked at the Navy base in Norfolk.
My first civilian job had a large carpool, we rode bus for 60 miles each way.
My next to last civilian job, at a nuke plant west of town, there were 12 to 15 people per vanpool.

Truth is closer to this, those who can carpool but don't will be the first to whine about gas prices...

Can everybody car pool? No.....
nor does everybody have to drive a 4x4 truck with one person in it every day to and from work...
 
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