Quote:
Originally Posted by fielderLS3
Adjusted for inflation, gas was the cheapest it has ever been just 12 years ago.
You're using the same logic that 10 years ago says the average house would cost over $500,000 by today. Don't you recognize a speculative investment bubble when you see one?
The Malthusians have been wrong for all of human history. What makes you think that will change now?
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well there was a bubble in 07/08. But with that being said the supply isn't increasing as much as demand internationally. And wait until we get out of this global recession. Think gas prices are high now, well I guarantee that average income will increase at a disproportionately low amount compared to gasoline costs.