Re: Subject: 1975 vs. 2005
- From: "Vaughn" <vaughnsimonHATESSPAM@xxxxxxxxxxxx>
- Date: Wed, 04 May 2005 21:39:25 GMT
"W_B" <no_one@xxxxxxxxxxx> wrote in message
news:u3sh71pglognf4basvsd4u7n3dt3ckic1e@xxxxxxxxxx
>>> Inflation is almost non existent right now.
>>
>> No, the government is engaging in creative accounting. Priced gas
>>(actually energy) lately? Housing? Health care? Have you thought about how
>>out
>>of control energy cost percolates throughout our economy? Have you noticed
>>that
>>your $ is worth about 40% less against the Euro? And then there is our record
>>deficit...
>
> Will stick to energy for right now.
> Agree that gasoline is a bit high right now...
There is more to the cost of energy than just gasoline pump prices, but
they certainly make a potent example!
> but that largely has to do with
> increased demand and obstructionist policies that do not allow for
> exploration in say ANWR, and the fact that there hasn't been a
> refinery built in the US since the early 70's.
..or any government action to curb our own growth in consumption; not even
bothering to jawbone the issue. That dude over at the next pump filling the
huge tank of his 9 mpg SUV is running up energy prices for everyone, not his
him(her)self
> Think gas is high in the US ? Last time I heard a gallon of petrol
> in the UK was about $5.
Taxes
> Let's also not forget the myriad of boutique
> fuels that must be formulated for the various states. This drives up
> production costs extensively. A federal standard would be a good thing IMO.
One size fits all? And I thought I was the bureaucrat here.
> Let's also not forget the amount of taxes on a gallon of fuel, that's another
> aspect for late discussion.
Taxes can certainly be a component of inflation.
>
> As for demand, China is foremost on the list with rapidly expanding petroleum
> needs.
We have no room to talk. Just go out and look at the monsters that are
clogging our main roads!
>It's the old saw of supply and demand.
Yes, and the government could do something about demand, but doesn't seem
to care. The most effective thing that our government has ever done in that
respect is the CAFE standards. Yet the last two administrations have stood by
and done nothing while they have been circumvented, mostly with bogus "trucks"
that are actually family cars.
>
> Increase fuel costs do 'trickle down' to all aspects of the economy but also
> spur
> development in the oil/gas production/exploration hence increasing supply.
That is like saying that deadly diseases may be bad, but they sure do spur
the casket industry. If we applied common sense and technology, we would have
less need for the above and we could apply that effort to producing things that
would more benefit our economy.
Vaughn
.
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