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Tuesday, May 02, 2006

Academic Rationale Behind Gas Prices

Baltimore Sun Q&A on gas prices featuring a macroecon prof from a stellar college in Westminster, MD. Check out this quote:

"Here is an interesting bit of trivia for history buffs: When adjusted for
inflation, average gas prices were higher in the early 20th century than they
were during the 1970s and 1980s, periods that most of us associate with
expensive gas. Gas prices in the roaring 1920s, for example, averaged more than
$2.50 in current dollars and averaged more than $2 a gallon even during the
deflationary years of the Great Depression. Indeed, it was not until the 1960s
that gas prices were consistently observed below $2 a gallon in current terms."

3 Comments:

Blogger Craig said...

Many say we will see $3.50/gal this summer. If you factor in Iran, who knows how high it could go. Everyone knows America MUST get off the oil. After September 11, 2001 I expected our President to call on Americans to GET OFF THE OIL. I was expecting a speech like the one JFK gave that motivated us to reach for the moon. As you know, this never happened. Eventually I realized that the only way this is going to happen is for us to do it ourselves. To that end I created this idea and have been trying to make it a reality..

The EPA is offering a research grant opportunity that I believe is a perfect fit for this idea. I have sent an e-mail to a hand picked list of university professors who have experience with government research projects. I’m looking to form a research team to apply for the EPA grant, conduct a social-economic experiment and surveys to determine to what extent the American public will support it, project the economic potential of WPH, and identify logistical, social and political obstacles as well as opportunities.

All government grants are awarded based on merit of the proposed research. I believe WPH has merit but your help is needed to verify it. You can help by posting your feedback. Let the professors and the EPA know what you think about WPH. Do you think this idea is worth pursuing? We need to know if Americans will support a plan like this.

Do you have any ideas to improve the plan?

Share any and all of your thoughts.

Tell your friends and family about this Blog post and ask them to post their thoughts on WPH

http://wepayhalf.org

Thank you

Craig

4:31 PM  
Blogger The Management said...

Chowda, how the hell do you attract the Spam comment posts??? This site has had two and you got both of them.

Otter

4:34 PM  
Blogger Chowda said...

Score two for you SPAMMERS!

12:46 PM  

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