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by coughlin  Jan 16, 2015

Research will show you that there were no gas lines in 1973 until the OPEC oil embargo in October. The article that you cited was wrong when he wrote, “But the artificially depressed pump prices imposed during the oil crisis of 1973 …”. Although there were oil storm clouds on the horizon, the freeze was ‘imposed’ in June of 1973, while the ‘crisis’ began in October. Aug. 1971: Nixon put a freeze on all prices and wages in the U.S. for 90 days. There were no resulting gas lines June 1973: Nixon reimposed a freeze in June 1973. Still no gas lines. October 6: Egypt and Syria attack Israeli-occupied lands, starting the Yom Kippur War. October 12: The United States begins to provide replacement weapons and supplies to Israel. October 19-20: Nixon asks Congress for $2.2 billion in emergency aid to Israel. The countries that supply 27% of the oil to the U.S. (Libya, Egypt, Syria Saudi Arabia, Iran, Iraq, Abu Dhabi, Kuwait and Qatar) declare an embargo on oil exports to the US. Octob

by mastermariner  Jan 11, 2015

There are not many American registered vessels in service now. When the Jones act was enacted in 1920, the seaman did require some protection and to this day in some cases it covers offshore workers. How ever the rest of the act has outlived it usefulness. like a lot of other old laws that are on the books. Along with the unions it has killed the American Merchant Navy. same as the British, Australian and many other advanced countries.

by mastermariner  Jan 10, 2015

Doctor V, Day rates for VLCC 2 million barrel capacity, have dropped to $40k per day from $90K. Like wise the the 6th generation drill ships are getting in the $400k per day range now, from over $600k 6 months ago. Thats why you see a lot of the older equipment being cold stacked or like Transocean they are selling another 11 of the older rigs.. I can remember working on new offshore rigs in the lat seventies and early 80 eighties at $40K a a day then the same rigs in the late eighties $12k to $15 per day then in years 2003 to 2010 getting over $200k, some of them still working today at $50 to $60 per day. So you can see the boom and bust industry is.

by Jeff4U  Jan 10, 2015

Look at the arrogance: "Hobbies: Correcting prices posted by cheaters" Who appointed you as GasBuddy Police Enforcement?

by Jeff4U  Jan 10, 2015

Do you ever go back and read what you write? Try it someday. It's almost comical that you're so far beyond arrogant and you don't even recognize it. No, I don't whine to others. If I have a problem with you, I will come to you - the bully of gasprices.com

by Jeff4U  Jan 10, 2015

You simply don't get it, do you? You constantly and arrogantly talk down to many gas buddies, as if you are better than all of us. I have talked to many that complain about you. In a real world situation, you'd get your ass beat to a pulp, but for now you can keep hiding behind that keyboard.

by Jeff4U  Jan 10, 2015

assault on your name? Are you kidding? I simply don't remember calling you a "cheap bastard".

by Jeff4U  Jan 10, 2015

Win with facts? Are you some kind of lunatic? The fact is: you called me a "cheap bastard" and I responded to your childish name calling by acting like you.

by Nicoalbum  Jan 08, 2015

The Steel article had been hanging for a while, due to the general interest. This morning I posted a new one, that includes some details on a TX-based driller forced into bankruptcy, your comments are welcome

by drivebye  Jan 06, 2015

Good point you made in "US Opens Floodgates." I'm not particularly a fan-- but people love to jump on the BlameObama bandwagon for any reason...justifiable or not.

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