Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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In the last few years not only did the US become energy independent on oil but also was the marginal producer in the world. Based on the proclamations of the incoming administration, existing fracking operations and drilling permits will come under increased regulatory pressure to be downscaled or eliminated. The purpose is to reduce the carbon emissions.
The impact on the economy will be two fold. First the prices of all energy sources will go up which will restrain the growth of the economy and put a disproportionate burden on the poor and lower middle class. The second and possibly the biggest hurdle to returning to the pre pandemic record low unemployment levels is that the US will lose its primary competitive advantage for manufacturing. This will be a major drag for jobs particularly in the Midwest which had seen a revival of sorts due to not only cheaper energy costs but the USMCA agreement, deregulations and protective tariffs. Last edited by ithos; 01-21-2021 at 06:41 AM. |
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#32
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Emissions in the world
While we lower our living standards to lower emissions the rest of the developing world including China will be burning coal and gas like crazy accelerating their growth past the USA. UGH!
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#33
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Everything we buy will increase in price with the increase in fuel prices. Trucks deliver most of our needs.
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#34
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Not true. USA is one of the worlds biggest producers and self sufficient.
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#35
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Keystone Pipeline to stop
With the Keystone Pipeline being closed yesterday by the new president, prices will go up as the U.S. will have to purchase more oil from foreign countries. You can imagine what and why this is happening by following the money. And it puts a hardship on everyone when this happens especially the lower income and fixed income population.
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oxfordreb52 |
#36
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Our gas in PA is $2.75 today!
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#37
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My SSI will not off see the price
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#38
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Excess of $5.00
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Thanks to all for staying on topic and not turning this the wrong way.
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The quieter you become the more you can hear |
#39
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price of gas in four years
$2.25
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#40
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Rollie |
#41
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#42
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Some will say "see, electric cars are the way to go". Grab your stock portfolio.
It will be interesting to watch how losing our own fuel independence will take us to........where? |
#43
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Hope they get the bridges done so we can use our golf carts to get around and not use our autos.
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#44
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#45
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if you think business are going to just start paying 15.00 minimum you have another thing coming. This will unemploy millions of workers and or put businesses out of business.
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Closed Thread |
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