AdamB wrote:Revi wrote: It's hard to figure out what's going on, but 1/3 higher energy prices can't be good for the economy.
A relative concept. Right now, energy prices (oil as a reference) are 45% lower than the peak oil peak in 2008 (called by TOD, and #3 of this century), and maybe 20% lower than they were for years back around 2011-2015 or so. So the world has already demonstrated it can handle higher oil prices, and those of us, like you Iver, who have begun changing our transportation fuels to something other than liquid fuels, we can be satisfied that we can still motor around all we'd like, and let the fools suffer the consequences of their transport decisions, right?
Or, those of us who are retirees and have decided not to drive much, don't really care what the price of oil is.
1). We hedge gasoline prices by being long some good, dividend paying oil stocks.
2). Even if gasoline goes to $20 a gallon, the amount we spend for gasoline is pretty trivial.
But let's pretend the world is ending if some people whine about oil prices, WAY before they reach actual problematic levels.