$100 a barrel

President Nixon signed legislation 33 years ago today mandating a federal speed limit of 55 miles per hour. The Edge of the American West has a discussion, including a couple of comments by yours truly.

Oil is at $100 a barrel today for the first time. That’s 68€. A year ago oil was $58 a barrel, 44€.

In a year oil has gone up 72% in U.S. dollars but only 55% in European currency.

2 thoughts on “$100 a barrel”

  1. Communist!

    My God man, is it really necessary that you be cruel as well as wrong? Having just completed a 3,000 mile holiday season trek at an average of 80mph, I can’t imagine driving one less mph slower. Hell, you might as well just start water boarding all of us right minded motorists! I am driving through Wisconsin tomorrow, and I will add an extra 5mph in your name. I’ll call it the NewmexiKen speed premium! Just me, my accelerator and a pound of really fine cheddar.

    Here’s a thought: I’d add a rider on to your drunk driving death penalty bill so that anyone proposing that we drive less than 70mph on highways also receive the death penalty!

  2. Slow down and read Pursuit. I, NewMexiKen, did not argue for reducing the speed limit, here or in my commentary at The Edge of the American West. Indeed, I argued the opposite.

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