One of many *dominoes*. This one's going to make the '08 recession look like a walk in the park.
Prices.... Going Up!!!
- Thread starter musichal
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Erik Tracy
Everyone's happy when the wizard walks by
Eggs going to $12 a dozen?? Things could get tight coming soon.
I also have a rental in a good area And keep the rent. Affordable , rent to a disabled vet and we know she struggles if she a little late ok never goes past a week late ,before lived here. She lived in a bad area ! She was thankful to get out of the hood
To much money put out in the economy only way to fix it is to slow down spending and as much as it sucks raising interest rates will help with the inflation ! Let’s hope the cures not worse than the disease !
spicer
Lunatic Member
Prestaging for Jonathan Swift's 'A Modest Proposal'. It's all for the best, of course. Literature at it's most telling. https://americanliterature.com/author/jonathan-swift/short-story/a-modest-proposal
Covid wasn't around 3 years ago.
Mystic
We're all born mad
Fuel oughtta come down some ... market price for WTI crude and Brent crude both down (~ 5%) for the week and @ their lowest levels in more than 30 days, plus POTUS uttered words about a (maybe) Federal Fuel Tax Holiday (~ $.18 / gallon) ....but for what duration? Also POTUS will not implement until after "[he meets] with seven large oil companies this week..."
Economists had already foretold the administration that rising US interest rates aimed at curbing inflation would cause a recession and a decline in the demand for fuel, so the pump price was gonna go down anyway. But a deliberate & fell-swoop reduction of $.18 per gallon will, one imagines, prove to be advantageous @ several levels.
Meantime, within minutes of POTUS's announcement of the Federal Tax Holiday, the folks at good ol' ExxonMobil issued the warning that because fuel demand is still "recovering (read: being restored) to pre-pandemic levels", any/all federally-induced maneuvers are only a short-term fix that will not remedy the longer-term problem of "tight" supply.
Okay then.
Interesting article but the elephant in the room is you can’t switch from fossil fuels until you get the details worked out on their replacement ! As I stated we need a Manhattan project on fixing the power grid ! It can barely keep up with ac use in the summer , taxing and handing money back might ease the pain but still won’t work without fixing the problems in the first place !
I just posted the article to show that the greenies want fuel prices to be as high as possible in order to make green energy more desirable. We in the solar business have known it for years. The problem is when fuel prices go up, so does everything else. It's also a not so hidden tax increase because high fuel prices mean more tax revenue....until the economy collapses. That's the balancing act they're playing right now.
Great point ! You need money for the switch over and you need a good economy for the money and you need low energy cost for a good eceonomy it’s a vicious cycle
Sweet wait for charging your car from zero to full in 6 hours at a charge station with one other 'guy' M/F, in front of you. Call your boss: " he jèfe " I forgot to charge my car, I'll be a little later on the job. Probably some where tomorrow-ish. Anyways gas prices go down a lot since last week. But if folks go EV, big time, which they can't and won't, electricity WILL go up severally and structurally atleast a hundred to 200%. That's just math!
orsen
Jukebox Hero
from todays news
Natural gas rates will go up on July 1
"If you use natural gas to run your HVAC system, cook your food and heat your water, be prepared to see your costs go up starting next month.The Ontario Energy Board has approved new rates for Enbridge Gas customers in Northwestern Ontario which reflect increases in market prices for natural gas.
On an annual basis, the changes represent an increase of about $245 a year for the average residential customer.
According to Enbridge, the continuing conflict in Ukraine, paired with strong domestic demand and increased global demand for U.S. liquefied natural gas, has resulted in historically high market prices.
It said this trend is expected to continue "for some time.""
those of us on fixed incomes are gonna be in trouble soon
Natural gas rates will go up on July 1
"If you use natural gas to run your HVAC system, cook your food and heat your water, be prepared to see your costs go up starting next month.The Ontario Energy Board has approved new rates for Enbridge Gas customers in Northwestern Ontario which reflect increases in market prices for natural gas.
On an annual basis, the changes represent an increase of about $245 a year for the average residential customer.
According to Enbridge, the continuing conflict in Ukraine, paired with strong domestic demand and increased global demand for U.S. liquefied natural gas, has resulted in historically high market prices.
It said this trend is expected to continue "for some time.""
those of us on fixed incomes are gonna be in trouble soon
Indeed. Just do not substitute portable fuels / forms of energy storage (applications) with battery powered electrified - on a large power consuming horrendous 'battery charge' inefficient way thus - to go individually with a car from a to b. Ban EV's thus. They are extremely energy inefficient, costly, a resources and chemical waist headache, complicated and for most folks completely impractical.
There are lots of other portable fuel solutions like indeed abundant (don't get fooled by the Greenies); fossil and biofuels and other real renewable fuel alternatives out there, like hydrogen; made from green zero footprint renewable created electricity at the source in huge quantities. If one doesn't want to use fossil fuel gas diesel or liquid gas that is. That's always way more efficient then everybody using electricity (green produced or not like in most cases) to charge kilotons of heavy short life span extremely (charge)! inefficient and expensive car EV batteries; to drive vehicles like passenger cars vans and trucks etc.
That doesn't mean EV's are not cool, but they just on large scale usages, don't make sense!
My 2 cents!
I CAN READ buddy! And it's only in Ontario. In BC overhere they have increased the natural gas price already 1.6% more then 4 years ago for obvious reasons.
But If so it's only temperally. 'They' have closed three years ago another 80% or so of all the 'in production' natural gas and oil and cole 'fields, 'wells' pump and fracking facilities and mines (how you wanne name it) on our lands and in waters, for no sane objective reason at all. The Canadian Confederation' and the USA and EU alone???!!! To bring a substantial chunk of these 'pump/frack' facilities back 'on-line' and finance that huge task, costs extra time and '$€£' monehhhh, so to speak.
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Thanks. Just corrected it!
