It is time for the goverment to take over the oil and gas industry.
Thats what oil countries did when the major oil companies invested in those countries
So Charles, with the government running the oil and gas companies, do you think:
1) Oil and gas prices will go up or down?
2) Productivity will go up or down?
3) Oil and gas dependence/consumption will go up or down?
4) Corruption in the oil and gas industry will go up or down?
Since 2000 isn't all that informative. If you don't include the last two oil "shocks" in the US (1973 and 1979 -- I waited in gas lines in both), you're losing two big comparison points.
Also, is doesn't seem like this graph is normalized to real dollars? If not, it's pretty much misleading and useless.
Also, looking at the US in isolation is very misleading. You need to compare against other countries.
I'd love upload some data in real (non-inflated) dollars with comparisons to other countries, and when I get some spare time I promise I will :)
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