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<blockquote data-quote="beentheredonethat" data-source="post: 1535424" data-attributes="member: 4886"><p>Per the government's cpi calculator, 5 dollars in 1913 is the same purchasing power as 119.56 dollars in 2014. So using an argument that oil was $5 in the early 1900s meaning $50 now is plenty is a poor argument.</p><p></p><p>Also keep in mind that in the early 1900s they went after the easy to get oil. They weren't drilling in the ocean or in the Arctic circle etc. There's a lot more costs to get oil now. Also franking requires more raw material to pump into the wells to get the oil out.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1535424, member: 4886"] Per the government's cpi calculator, 5 dollars in 1913 is the same purchasing power as 119.56 dollars in 2014. So using an argument that oil was $5 in the early 1900s meaning $50 now is plenty is a poor argument. Also keep in mind that in the early 1900s they went after the easy to get oil. They weren't drilling in the ocean or in the Arctic circle etc. There's a lot more costs to get oil now. Also franking requires more raw material to pump into the wells to get the oil out. [/QUOTE]
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