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	<title>Comments on: High Oil Prices Here to Stay?</title>
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		<title>By: floyd</title>
		<link>http://www.outsidethebeltway.com/archives/high_oil_prices_here_to_stay/comment-page-1/#comment-139660</link>
		<dc:creator>floyd</dc:creator>
		<pubDate>Tue, 24 Jul 2007 02:30:54 +0000</pubDate>
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		<description>So how does the price of gasoline in 2007 compare with 1971 or1981? 
 How about the price of a house, or car, or average wages? Or compared to the consumer price index?
 I hate to say this, but I&#039;m guessing that gasoline isn&#039;t as high as some of us think it is.</description>
		<content:encoded><![CDATA[<p>So how does the price of gasoline in 2007 compare with 1971 or1981?<br />
 How about the price of a house, or car, or average wages? Or compared to the consumer price index?<br />
 I hate to say this, but I'm guessing that gasoline isn't as high as some of us think it is.</p>
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		<title>By: Steve Verdon</title>
		<link>http://www.outsidethebeltway.com/archives/high_oil_prices_here_to_stay/comment-page-1/#comment-139591</link>
		<dc:creator>Steve Verdon</dc:creator>
		<pubDate>Mon, 23 Jul 2007 19:15:22 +0000</pubDate>
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		<description>I don&#039;t buy the &quot;there are absolutely no substitutes&quot; line of argument.  History is littered with these kinds of predictions.  As for a political peak, there is nothing that says it has to be a permanent peak unlike with a geological/physical peak.</description>
		<content:encoded><![CDATA[<p>I don't buy the "there are absolutely no substitutes" line of argument.  History is littered with these kinds of predictions.  As for a political peak, there is nothing that says it has to be a permanent peak unlike with a geological/physical peak.</p>
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		<title>By: MrGone</title>
		<link>http://www.outsidethebeltway.com/archives/high_oil_prices_here_to_stay/comment-page-1/#comment-139557</link>
		<dc:creator>MrGone</dc:creator>
		<pubDate>Mon, 23 Jul 2007 16:31:51 +0000</pubDate>
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		<description>Careful what you wish for.  Peak Oil, whether political or geological, implies the end of our current period of growth and the beginning of permanent decline.  There are very simply NO substitutes for oil, real or imagined (well except fusion).</description>
		<content:encoded><![CDATA[<p>Careful what you wish for.  Peak Oil, whether political or geological, implies the end of our current period of growth and the beginning of permanent decline.  There are very simply NO substitutes for oil, real or imagined (well except fusion).</p>
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		<title>By: markm</title>
		<link>http://www.outsidethebeltway.com/archives/high_oil_prices_here_to_stay/comment-page-1/#comment-139517</link>
		<dc:creator>markm</dc:creator>
		<pubDate>Mon, 23 Jul 2007 13:59:06 +0000</pubDate>
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		<description>&quot;The higher prices will encourage more conservation and lead to more investment in alternative fuels&quot;

That may be true elsewhere but here in Michigan that doesn&#039;t appear to be the case. Gas is down to $3.09 from $3.39 and at either price the roads are packed. To achieve conservation (at some economic price) the price is going to have to go much higher IMO.</description>
		<content:encoded><![CDATA[<p>"The higher prices will encourage more conservation and lead to more investment in alternative fuels"</p>
<p>That may be true elsewhere but here in Michigan that doesn't appear to be the case. Gas is down to $3.09 from $3.39 and at either price the roads are packed. To achieve conservation (at some economic price) the price is going to have to go much higher IMO.</p>
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