After Fiscal Stimulus Is Applied, Inflation Will Be Hard to Avoid [View article]
Somewhat selective to blame all our economic problems on consumer gasoline consumption. Only half of every barrel of oil goes into making gasoline. Eliminate all oil useage related to consumer driving and we still do not produce enough domestically to drive the economy. Also, it would take decades to replace our current fleet of internal combustion engines. Considering the $40,000 price tag of cars like the Chevy Volt it seems more drilling is the best option for many years to come.
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Somewhat selective to blame all our economic problems on consumer gasoline consumption. Only half of every barrel of oil goes into making gasoline. Eliminate all oil useage related to consumer driving and we still do not produce enough domestically to drive the economy. Also, it would take decades to replace our current fleet of internal combustion engines. Considering the $40,000 price tag of cars like the Chevy Volt it seems more drilling is the best option for many years to come.
Dec 30 08:20 am
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All Comments by TCK »After Fiscal Stimulus Is Applied, Inflation Will Be Hard to Avoid [View article]