SteveR
Moderator Emeritus
- Joined
- Jul 1, 2005
- Messages
- 2,811
azanon said:That sounds great! I'm all for that.
But i still mean what I say about energy prices; I profit both monetarily and personally seeing them go up, so from where i'm sitting all the better if Rita knocks out another 10-15 refineries and oil rigs.
I understand your statement is intended to reflect your environmental beliefs but I would offer that higher gas prices will show up in all sectors of the economy where prices for higher fuel will effect everything you buy resulting in an inflation spiral and reduced consumer spending. Many on limited incomes will find this far less a positive thing than you do.
If Rita does knock out another 10-15 refineries and oil rigs, you will also be paying much higher prices for everything you buy; not just gasoline. I hope you are prepared to also see more income taxes to offset the reduced spending and reducted production as inventories of goods rise and the stock market falls.