We are at a 4 out of 10 on the scale now, headed for a 6!greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Can't you SEE it, we are headed for a new gas crisis, with prices at $5.00/gallon! It's coming, the slow meltdown many predicted, so keep your preps folks! I'm still prepped, and will stay that way till at least 1/1/2005! Self reliance is THE way to go!!!!!
-- Donnyboy (Don@doomer.net), February 17, 2000
Ok Y2k Pro. Why don't you take your clueless provocateur postings elswhere where your fellow dimwits live.
-- haha (firstname.lastname@example.org), February 17, 2000.
Those prices are for "petrol" as they call it in England and the $5.00 is the price in pounds per liter converted to dollars.
The reality of the matter is that Europeans have for decades been paying a much higher price for gas (more taxes). The advantage is that the average consumer has more fuel efficient autos, appliances, and apartments. The disadvantage is that the taxes feed the government.
I will however agree with you that based simply on standing inventories of gas available, plus what looks like a $30+/bbl price, Americans will definately be paying more at the pump.
I do not really agree that this makes a 4. It will cause people to rethink priorities, and will probably increase our already record bankruptcy rates.
-- thom (email@example.com), February 17, 2000.
Tha fact is, nobody knows the future. There could be war in the mideast or elsewhere,terrorism here, grid outages with solar flares, plagues, earthquakes, or any number of catastrophes. I think we all would be wise to make emergency preparednes a lifetime activity, no matter what the price of gasoline is.
-- carolyn (firstname.lastname@example.org), February 17, 2000.
What scale are you using? I see the situation as a 1, having peaked at 1.5, and now heading for 0.
Perhaps you can give an example of a single serious situation caused by Y2K. I certainly haven't seen anything other than minor annoyances so far.
-- Malcolm Taylor (email@example.com), February 17, 2000.
Anyone remember the gas crisis of the 70's? Anyone remember how Reagan defused it?
-- (firstname.lastname@example.org), February 17, 2000.
Yes, I remember the fuel crisis of the seventies - It lasted through the years of the hapless Carter administration - Essentially, when Reagan became president, the interest rates were in the double digits and climbing and inflation was around 19% - When Reagan assumed command he made a deal to free the Iranian hostages and began to deficit spend, kind of primed the pump, if you will, America out of the inflationary spiral - It is much more complex than my explanation, as deals were made with OPEC, the Arab community, and Israel - The second great thing Reagan did was star in the movie, "Bedtime for Bonzo" -
-- Bob (email@example.com), February 17, 2000.
Please add america quit the oil business. Texas was a big part of oil then.
-- ET (firstname.lastname@example.org), February 17, 2000.
We didn't quit the oil biz; we ran out of oil. . . .
-- yup (email@example.com), February 19, 2000.