Wow. That even lower than what I was reading. $25/barrel was the lowest I had seen, so far...
Explain that stupid comment.
Hey, but fuel costs aren't part of inflation. For that matter, neither are food costs. That totally makes sense to me though. Who needs food or gasoline? Why would you base the cost of living adjustments on stuff that no one needs?Back when gas prices shot up to over $4 a gallon we would get all kinds of notices about price increases on materials (Concrete, Gypsum Board, Lumber, etc.) all due to that increase fuel cost.
Never seem to get a letter indicating a drop in those prices.
Blame the greed of big business s their margins have exploded for the industries that don't have to stay competitive.Back when gas prices shot up to over $4 a gallon we would get all kinds of notices about price increases on materials (Concrete, Gypsum Board, Lumber, etc.) all due to that increase fuel cost.
Never seem to get a letter indicating a drop in those prices.
They just lowered the mileage reimbursement limit a couple of weeks ago. That will impact shipping costs, or it should.Back when gas prices shot up to over $4 a gallon we would get all kinds of notices about price increases on materials (Concrete, Gypsum Board, Lumber, etc.) all due to that increase fuel cost.
Never seem to get a letter indicating a drop in those prices.
That is what really pisses me off about how inflation is calculated. Food and utilities are what affect people the most -- particularly poor and middle class people...
I never heard that from President Obama. I did hear it from his energy secretary. I think that the Energy Secretary's quote has been misattributed to the President frequently:
The comment and thinking of some wanting higher prices means lower consumption and higher desire for alternative fuels. Yes, some liberals would like that environment but it is deeper thought. They want the price of crude to go down and then hack up energy taxes. Or even jack up energy taxes regardless if crude goes down. The conversation and theory is complex and making a simple comment as was made earlier is stupid.
So if the price of crude falls way below the cost of renewable energy, how does that promote the switch to renewable energy?
It doesn't on its own which will piss off some liberals. You won't see Obama being piss as he is a better politician to show that type of emotion. Instead he will show it as a win for the consumers at the same time try and convince the public that it is best long term to explore alternatives. This has been his policy for years on the topic.
It is a win for the consumers. No question. I disagree on your notion that he merely stops at encouraging long term alternatives. He outright attacked Coal. The gas prices has very little to do with him IMO. This is OPEC being at war with each other. If what's happening within OPEC continues, I would fully expect targeted taxing or new "environmental restrictions" to makeup the gap from current state to past levels.
