T
Tim McNamara
Guest
[email protected] (JP) writes:
> Mark Hickey <[email protected]> wrote in message
> news:<[email protected]>...
>> [email protected] (JP) wrote:
>
>> > Furthermore, I have never seen anything good come from high
>> >energy prices.
>>
>> It does kind of throw water in the face of the "Bush is in bed with
>> big oil" theory though, doesn't it?
>
> In what way? Oil prices are at their highest level in many years.
And the Bush family benefits, as do their friends.
>> > I am not an economist, but my impression is that high energy
>> >prices choke the economy about as well as raising interest rates
>> >(there is some research to support this). High prices have a broad
>> >inflationary impact- first are the direct costs of fuel, but then
>> >the the secondary costs start to permeate the entire economy,
>> >raising prices and suppressing demand.
>>
>> I agree that high energy costs don't help the recovery at all.
>> Hopefully it will stabilize soon.
>
> Stabilization is not enough. Prices have to go down or we are
> screwed.
Hello? Prices for oil will continue to trend upwards inexorably as
the resouce becomes harder to produce, harder to transport (the next
round of terrorism may well be aimed at disrupting oil supplies from
the Mideast to the U.S.- like shooting ducks in a barrel).
The only long term solution is to reduce the dependence on oil from
all sources. This would be a huge boost to national security overall
on many fronts. However, getting Americans to give up their frigging
SUVs, get off their fat asses and walk or ride a bike to a destination
more than 50 feet away is a hopeless cause.
> Mark Hickey <[email protected]> wrote in message
> news:<[email protected]>...
>> [email protected] (JP) wrote:
>
>> > Furthermore, I have never seen anything good come from high
>> >energy prices.
>>
>> It does kind of throw water in the face of the "Bush is in bed with
>> big oil" theory though, doesn't it?
>
> In what way? Oil prices are at their highest level in many years.
And the Bush family benefits, as do their friends.
>> > I am not an economist, but my impression is that high energy
>> >prices choke the economy about as well as raising interest rates
>> >(there is some research to support this). High prices have a broad
>> >inflationary impact- first are the direct costs of fuel, but then
>> >the the secondary costs start to permeate the entire economy,
>> >raising prices and suppressing demand.
>>
>> I agree that high energy costs don't help the recovery at all.
>> Hopefully it will stabilize soon.
>
> Stabilization is not enough. Prices have to go down or we are
> screwed.
Hello? Prices for oil will continue to trend upwards inexorably as
the resouce becomes harder to produce, harder to transport (the next
round of terrorism may well be aimed at disrupting oil supplies from
the Mideast to the U.S.- like shooting ducks in a barrel).
The only long term solution is to reduce the dependence on oil from
all sources. This would be a huge boost to national security overall
on many fronts. However, getting Americans to give up their frigging
SUVs, get off their fat asses and walk or ride a bike to a destination
more than 50 feet away is a hopeless cause.