Well yeah, it changed. In the late 1960s, there was gas around for 25 cents a gallon. So, was it overly cheap then, is it overpriced now, or somewhere inbetween?
I also could of bought a brand new Renault of Volkswagen car for under $1000 - or a new Corvette for $5000.
I like cheap gas - but the reality is - it just leads to spoiled people and extreme waste.
Same with household heating. Right now, it's 11 below zero F outside (real temp, not wind-chill). Many people are heating with oil at over $3 per gallon - and yet, many new houses are being built with the same heating systems. Those people will later whine about the cost of heating - instead of building with an alternative source.
My point about the 10% profit-margin for Exxon - is how often people don't understand what they read and then spout off about it - like a few people on this forum misquoting the Wall Street Journal. Politicians rely on this sort of thing. They create "bad guys" in the public eye and avert attention from the real issues. There are many US companies with much higher profit margins than EXXON.
If someone has an argument - argue the genuine facts and not misleading headlines and/or soundbites.
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Today's Featured Article - Uncle Cecil's Super A Lives Again - by Mike Purcell. A week or so out of most of my childhood summers was often spent with my Uncle Cecil and Aunt Sissie in the small East Texas town of Maydelle on their 80 acre farm. Some of my fondest memories of these visits are those of learning to drive a tractor at the helm of Uncle Cecil’s 1948 Farmall Super A. Uncle Cecil was the second owner of this wonderful little tractor, but it was almost as though he had adopted an infant. The original owner was a man from Minnesota who bought her from a local dea
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