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<blockquote data-quote="The Other Side" data-source="post: 1097881" data-attributes="member: 17969">Island, I see history escapes you. ( as usual ) When Reagan took office, oil was at 5 bucks a barrel (regulations kept it at 5 bucks for decades!), but Reagan lifted those regulations telling americans that &quot;competition&quot; would keep the price low.&nbsp; Next, he allowed the systematic purchasing of oil companies by the largest companies and &quot;they&quot; shut down those smaller operations.&nbsp; Thirdly, under Reagans term and Bush1, they shut down almost 50% of the USA&#039;s refining capacity in order to drive the price of oil per barrel higher.&nbsp; When Reagan left, Oil was at 12 bucks a barrel, almost three times higher, then BUSH1 took control and oil rose to 24 bucks a barrel now DOUBLE Reagans accomplishment.When Clinton took office, oil stayed STABLE for 8 years and the price per gallon nationally averaged 1.62 for 8 years.&nbsp; Then your ALL AMERICAN HERO GW BUSH took office and oil skyrocketed to 150.00 a barrel..&nbsp; thats a 400% increase ISLAND.The price per gallon rose faster than in any time in history and reached 5 bucks a gallon at its peak.&nbsp; 3 months before the 2008 election, oil per barrel crashed to near 30 bucks a barrel ( where it should be ) and the price per gallon dropped to near 1.75 a gallon on election day 2008.Today, domestic production is the highest its ever been since 1949, and for the first time since 1949, we are exporting more oil than we are importing into the USA.Our stockpiles are being sold to china and india instead of &quot;storing&quot; that oil and bringing prices down.&nbsp; But of course, YOU and MORELUCK would call that &quot;capitalism&quot; and you should remain silent, but instead, you complain.The oil industry is simply RIPPING us off and unless the goverment does something about its monopoly with the traders and refiners, then they will continue to rip us off.PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 1097881, member: 17969"] Island, I see history escapes you. ( as usual ) When Reagan took office, oil was at 5 bucks a barrel (regulations kept it at 5 bucks for decades!), but Reagan lifted those regulations telling americans that "competition" would keep the price low. Next, he allowed the systematic purchasing of oil companies by the largest companies and "they" shut down those smaller operations. Thirdly, under Reagans term and Bush1, they shut down almost 50% of the USA's refining capacity in order to drive the price of oil per barrel higher. When Reagan left, Oil was at 12 bucks a barrel, almost three times higher, then BUSH1 took control and oil rose to 24 bucks a barrel now DOUBLE Reagans accomplishment. When Clinton took office, oil stayed STABLE for 8 years and the price per gallon nationally averaged 1.62 for 8 years. Then your ALL AMERICAN HERO GW BUSH took office and oil skyrocketed to 150.00 a barrel.. thats a 400% increase ISLAND. The price per gallon rose faster than in any time in history and reached 5 bucks a gallon at its peak. 3 months before the 2008 election, oil per barrel crashed to near 30 bucks a barrel ( where it should be ) and the price per gallon dropped to near 1.75 a gallon on election day 2008. Today, domestic production is the highest its ever been since 1949, and for the first time since 1949, we are exporting more oil than we are importing into the USA. Our stockpiles are being sold to china and india instead of "storing" that oil and bringing prices down. But of course, YOU and MORELUCK would call that "capitalism" and you should remain silent, but instead, you complain. The oil industry is simply RIPPING us off and unless the goverment does something about its monopoly with the traders and refiners, then they will continue to rip us off. Peace TOS [/QUOTE]

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