Wednesday, April 26, 2006

It's All About the Oil?

Cox & Forkum link to this guy, whose hobby seems to be collecting random data. For the last 26 years he has kept a record of what he has paid for a gallon of gasoline in various places throughout Texas. Look at the inflation-adjusted price below (grey line -- click to enlarge chart). First of all, you'll notice the general decline from 1980-2003. Then notice how it steadily trends up after 2003. I thought the Iraq war was supposed to be all about securing cheap oil. What gives?

2 Comments:

Anonymous Joe said...

Remember the 1st gulf war when the George the 1st "charged" the Suadis & others billions for their "share" of cost of the war and save them from the Iraqis? Then we left the Kuwaitis with the bill for all those oil well fires etc?
Guess what...there ain't no free lunch and the bill is due!

4/26/2006 8:24 PM  
Blogger Stickwick Stapers said...

Why should Americans pay for Kuwaiti oil wells damaged by Saddam? And a few billion is pocket change for the Saudi oil "princes."

But, that's not the point. I thought that this new war was supposed to be ALL ABOUT THE OIL. You know, getting us cheap gas for our SUVs?

4/30/2006 12:17 PM  

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