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It seems to be a lame argument saying somehow high energy prices no longer affect US consumers. Nonsense. And it grossly simplifies trade flows of refined prod
by audiometry 5y ago
It seems to be a lame argument saying somehow high energy prices no longer affect US consumers.
Nonsense. And it grossly simplifies trade flows of refined products and crude flow in and out of the USA.
- spfzero 5y agoIt said higher energy prices DO affect US consumers. >Higher fuel prices disadvantage consumers and energy-intensive industries, yes.
- wolverine876 5y ago> It seems to be a lame argument saying somehow high energy prices no longer affect US consumers. From the article: Now, after the shale gas revolution of the last 15 years, the impact is more subtle. Higher fuel prices disadvantage consumers and energy-intensive industries, yes. But there is a counteracting surge in incomes for domestic energy producers and their workers.
- zaroth 5y agoHigher fuel and energy costs are some of the worst kind of regressive taxes, because it’s a tax you can’t even avoid. Energy is the fundamental underpinning of modern society. Today a large part of that energy comes from oil, but not really for much longer. So maybe better late than never?