Quote:
Originally Posted by Lakegeezer
After 2005, gas prices continued to rise, until it hit over $4 in the summer of 2008. That was one of the triggers that destabilized the economy, that really broke in October, by reducing driving and along with it, consumer sales. Another spike over $4 a gallon this summer could set spending back again. This is good for the ecology of the lake, but tough on too many people.
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You are right. Energy is the backbone to our economy. It may take years to see impact from policy to consumer price. These situations are muti-dimensional to say the least. I do not like wall street speculation on energy and would like to see the law that allowed it reversed. Speculation activity seems to sling-shot price with no regard to value.
There is a balance that is needed to keep a healthy planet, society, and economic model. You cannot stop spending or spend too much. You need to be conservative at times and liberal when appropriate.