<At the same time, families lose disposable income because they're spending
more for gas > Keep trying to tell you all to look at the whole picture.
Beleive me and look back at different years in the cycle of oil price
fluctuations, when the price per barrel is high you will see lots of energy
related projects being built which translates into more income for a family
due to higher wages i.e.: hourly rates because the available labor pool is
smaller because more people are working so a company will have to pay a
higher rate to get qualified people. Of course all of this might hurt or not
affect the unskilled segment of the labor pool.
Leo
-----Original Message-----
From: David Ambrose <stargazer1@home.com>
To: Paul Tegler <wizardz@amdyne.net>
Cc: dresden@tiac.net <dresden@tiac.net>; mgs@autox.team.net
<mgs@autox.team.net>
Date: Thursday, April 01, 1999 10:09 AM
Subject: Re: THE GREAT "GAS OUT"(off topic again...)
>Paul Tegler wrote:
>>
>> ..have ta' step in here.....
>> we in the US complain about gas prices....
>> at a buck to a buck and a quarter a gallon....
>> compare that to Europe! some countries pay as much as
>> (equivalent) $3.75 a gallon
>> What are we complaining about!
>>
> There is a real economic danger here. The Arab oil embargo in 1972 set
>off a sustained bout of inflation that didn't really get back under
>control until the late '80s. Energy is used *everywhere* in the economy.
>Small changes in price get magnified all through the chain. At the same
>time, families lose disposable income because they're spending more for
>gas. Corporate profits drop because they pay more and sell less. It gets
>really ugly in a hurry.
>
> Have any european members seen a 10-15% rise in gas prices?
>
> Regards,
> Dave Ambrose
>
|