tag:blogger.com,1999:blog-8241445666161004335.post4312025669445735001..comments2024-01-20T15:51:35.268-06:00Comments on And So it Goes in Shreveport: Governor Jindal Has Some National Energy Suggestions for ObamaPat Austin Beckerhttp://www.blogger.com/profile/05767059128758168960noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8241445666161004335.post-89894232925289556202012-03-11T22:54:41.725-05:002012-03-11T22:54:41.725-05:00Last week Beth and I drove by a Shell station a fe...Last week Beth and I drove by a Shell station a few miles from the house and said an unprintable when I looked at the sign. 3.79 a gallon for regular. What shocked me was when I saw the sign 12 hours before it was 3.59 a gallon. Twenty cents overnight. <br /><br />Thanks Barrack.<br /><br />I sometimes get into debates with younger people (I can't believe I'm talking like my parents now) who complain about oil company gouging. I explain to them I heard similar talk in the 70s and I recall the culture shock of gas going over a dollar a gallon. Some of them are really surprised when tell them of gas stations closed because there was no gas and even/odd days for gassing up (gotta love history lessons today).<br /><br />And I explain to them what fixed that. In 1981 Reagan came in and deregulated the oil industry and initially the cost of gas went up. Then in six months gas prices declined and the price of oil collapsed. Why, because when people can bring a product onto the market they will and The Invisible Hand of the market will make the price acceptable to the consumer. Simple.<br /><br />These twenty somethings look at me like I got two heads.<br /><br />Economic education is also something to worry about.Mike Thiachttps://www.blogger.com/profile/02929567856363413549noreply@blogger.com