From: mykes@amiga0.SF-Bay.ORG (Mike Schwartz)
Newsgroups: alt.fan.rush-limbaugh
Subject: Re: EQUITY and Barbara Jordon
Distribution: world
X-NewsSoftware: GRn 1.16f (beta) by Mike Schwartz & Michael B. Smith
Date: 28 Jul 92 21:22:57 PST
Organization: Amiga makes it possible

In article <1992Jul28.163719.160@dg-rtp.dg.com> crosmun@mickey.rtp.dg.com (William Crosmun) writes:
> In article <1992Jul25.162211.19168@umbc3.umbc.edu> alex@umbc4.umbc.edu (Alex S. Crain) writes:
> >	I was 12 during the embargo, why? I remember when nixon imposed a
> >national 55mph speed limit over xmas in 1973, and I remember how Carter,
> >saying that the US should never again have to deal with something like
> >that, instituted a federal oil reserve. It was this reserve that enabled
> >gas prices to stay stable during the gulf war.
>  ^^^^^^^^^^^^^^^^^^^^^^^^^
>

There has never been a national 55MPH speed limit imposed in the US.  However,
the federal government promised to withold federal highway funds from states
that did not impose the speed limit.  FWIW, in Nevada, a ticket for going over
55MPH is not a speeding ticket, it is a ticket for "wasting natural resources".
In case you haven't been to nevada, the state is a handful of cities and vast
miles of desert in between.  Going 100 miles an hour between cities makes a LOT
of sense for nevada residents.

> As I recall, gas jumped about 40 cents per gallon during the Gulf war.  Is
> this what you mean by stable?  Moreover, although we did access some of the
> oil in the federal oil reserve, the amount was minuscule relative to the
> total market (ie it's effect on price was minimal).  The real reason that oil
> prices have been relatively stable is the de-regulation of the oil industry
> by Reagan shortly after he entered office, and a short time later the gas lines
> were gone.
>

Gas jumped 40 cents per gallon because futures prices on oil increased due to
uncertainty of future oil supply.  We did not need to access much of the oil in
the federal oil reserve because we use very little of the oil from Iraq or Kuwait.
Countries like Great Brittain and Japan did receive a huge amount of their oil
import from those countries.  We DO get a lot of oil from Saudi Arabia, though,
and one of the benefits we received from defending the Saudis was an increased
production to help us through the time of war.

Gas has also jumped $.35 at the corner low-budget (ever hear of Beacon Gas?)
station in the last 4 months.  Harldy stable prices, indeed.

What gas lines?  I have been driving since 1974 and NEVER had to wait in a gas
line anywhere.  Never saw one, except on TV, but that was BEFORE I had the
right/license to drive.

> >
> >	But hey, it was probably a stupid idea.
> >--
> >Anybody who agrees with me deserves what they get.
> >
> >					Alex Crain
> >					UMBC Academic Computing Services
>
>
> William Crosmun
> crosmun@dg-rtp.dg.com
>
> ===============================================================================
> Life is a mystery and it's an unsolvable one.  You simply live it through, and,
> as you draw your last breath you say "What was that all about?"
>                                                           - Marlon Brando
> ===============================================================================
> "The computer industry is journalists in their 20s standing in awe of
> entrepreneurs in their 30s who are hiring salesmen in their 40s and 50s and
> paying them in the 60s and 70s to bring their marketing into the 80s."
>                                       - public relations wizard Marty Winston
> ===============================================================================

--
Amiga programmer of: GRn, MailMinder, Budokan, Beyond Dark Castle, Dark Castle
Sega Genesis programmer of: Dick Tracy and Marble Madness.
Mike Schwartz  (ames!zorch!amiga0!mykes or mykes@amiga0.sf-bay.org)
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Los Altos, CA 94024