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| Economics Discuss Economics here. |
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"Bring me that horizon". |
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Oh, puh-leeze! What could consumers have done to fight the price of gas? We have ample supply, no shortages, and demand is soft; yet the price is skyrocketing.
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January 20, 2009 - The end of an error. |
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Had consumers purchased better mpg-rated cars, car companies would've followed the trend and made more fuel efficient cars BEFORE this crisis occured. Instead, everybody went out and bought an Expedition to drive to and from the office because they look cool and feel powerful. Well America, you made your bed, now sleep in it.
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"Bring me that horizon". |
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Demand is anything but soft. China and India are cutting into the global supply more and more each year (China's GDP growth is at 13% annually). Couple that with America's historic love of petroleum, and you've got constricted supply. Had Americans been more responsible in the past, this could've been avoided.
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"Bring me that horizon". |
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You forgot to mention speculation, which is artificially driving up "demand." But then, in rightwingfantasyland, greed is good, and greed is always justified as "success."
Some of us, however, actually were raised with a certain thing called "values." Greed, I was taught, was one of the cardinal sins. Making a modest profit is OK, but gouging customers is not.
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January 20, 2009 - The end of an error. |
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Words mean nothing to today's conservatives. They say whatever will help advance their cause at the moment, switch talking points in a heartbeat, and then act indignant if anyone uses the exact same argument they were using five minutes ago. Dinner Table Politics |
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The Oil companies are gouging beyond what is the demand, as seeing as Chevron issued an over 75% increase in their SMG funds (which pays the exec's saleries and write offs) from 2006 to 2007. They saw a gross profit increase of 100% in one year. India recently desided to stop subsidies to oil and thier prices skyrocketed over night. That means that there demand would fall, opening more oil to the rest of the world. The market would dictate that prices would then fall for us as a competitor fell, but prices didn't fall, they shot up 8% in one day.
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Set your destination with your heart, get there with your mind. "The wisest men follow their own direction." - Euripides |
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Amen OE. I drive a Jeep Cherokee... hardly a huge car. I need it to haul my kids, my groceries and my dog around. It is 10 years old and we own it fully. Sure, I can downsize (we are thinking of getting some kind of 4-door), but I would have to still have the Jeep for outings with the dog, or trips to the vet with two cats, etc etc.
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