Article

2017-12-15 Economy

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Posted by Fred 2017-12-15 00:00|| || Front Page|| [1 views ] Top

#1 US oil consumption has probably increased in 2017 so that is one thing keeping prices up.

Posted by lord garth 2017-12-15 00:36|| 2017-12-15 00:36|| Front Page Top

#2 Along with increased consumption in China, India, Indonesia and any number of other places. I'm all foor increasing milage standards to a point. But like all mandated technology fixes the last 10% is very expensive.

Posted by Cheaderhead 2017-12-15 06:43|| 2017-12-15 06:43|| Front Page Top

#3 If you are concerned about the price at the pump, don't blame Big Oil. Look at the Fed and Treasury debasing the currency for the last 10 years. 'Creating' money without backing. 10 years ago a penny could be produced at par, 100 for a dollar. Today, they can mint about 42 for a dollar. It's not that gas has gone up, rather the dollar down.

Posted by P2kontheroad 2017-12-15 07:54|| 2017-12-15 07:54|| Front Page Top

#4 If you are concerned about the price at the pump, don't blame Big Oil. Look at the Fed and Treasury debasing the currency for the last 10 years.

Currency debasing is a debt reduction strategy.
It's been around for a while, possibly since coming off of the gold standard. Need evidence? Take a Morgan Silver Dollar to any bank and see what they give you for it. Big business and big oil have pretty much always been targeted as the enemy.

Posted by Besoeker 2017-12-15 08:04|| 2017-12-15 08:04|| Front Page Top

#5 actually copper price per pound averaged about $3 in 2007 and is averaging about the same amount in 2017

during the 2008-09 crash, it went down to $1.50 but quickly recovered in 2010

most of the copper mined in the world is used in industry although a significant amount becomes jewelry or currency

Posted by lord garth 2017-12-15 09:14|| 2017-12-15 09:14|| Front Page Top

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