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 - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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