has any one noticed that the gas prices are more or less repeating themselves from the early 70's?

Answer 1

These things seem to go in cycles and have some curious coincidences . . .

Who build the drilling rigs?
Who owns the drilling rights?
Who owns the distilling plants?
Who owns the distribution system?
Who owns the local gas station?

I think these answer can all be traced back to huge oil conglomerates who have no interest in passing the profits back to the people where the oil is distracted.

Other than the general public and governments, we are the people that are interested in finding alternate fuel options.

Answer 2

"Circle of Life"

Economies move in "Life Cycles". It is typically for an economy to have a 30 year cycle - 50 year cycle - and 100 year cycle ::: these are always close, but can only give us the shell of the economy we can expect to be in.

In the 1970's, they were afraid of the "Ice Age" <1>, had gas problems, housing boom, and toward the end, hyper deflation ... so yes, we see many patterns repeating itself here. Forecasting into the future, I can see where the 1970's lead to ::: Junk Bonds and the extravagant 1980's ::: We should get close stuff to the 1980's in the near future.

My monkey wrench into the system is that we're near the begging of two economic patterns ... the 30 year cycle and the 100 year cycle. So looking back at 1906, I can also see the end of a dynasty period, starting into the "Automated" era ... I would suspect that in the next decade we'll have a revolution so great that if we were to pop into the future today, we'd act like scared primitive apes.

Why do you think there is the phrase "History repeats itself" ... or "If you don't study the past, how can you predict the future?"

Answer 3

Not even close-
You need to figure in inflation.
Believe it or not, gas is cheaper today than it was in the early 70's. To get an idea, just compare the increase in the cost of a postage stamp in the early 70's to a stamp today. It (along with the cost of other goods and services) has gone up a lot more than gas!
Lastly, the dynamics of the spike in gas prices in early 70's were much different that today.

Answer 4

and we have the technology to run cars off of water-i wonder why no one is allowed to build them --lets seeeeeeee who could stop that kind of technology -i give up

Answer 5

no cuz i wasnt even alive