Quote:
Originally Posted by JD Barleycorn
Don't you just love this libs. They all want to decrease demand instead of increasing supply. Obama has decreased the supply and the demand by collapsing the economy. You see the result and you can go back and hear him talk about having to raise the price of energy under his policies. We even have an Energy Secretary that would like to see $8 a gallon gasoline.
If all the libs on this board want to send their cars to the crusher then so be it. Make sure that you don't go grocery shopping. The grocery stores won't need to have trucks bringing new eggs, meat, and vegetables. We'll save on gas then.
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The Consumer Price Index does not add in food and energy.
It's the Producer Price Index that accounts for the food inflation/ speculation.
But since the world for now is on the Petrodollar... higher prices along with less demand will be the norm. All due to the Federal Reserve's fractional reserve banking policy, QE, Derivatives, market speculation and of course geo-political events.
One of my personal favorites...
http://www.cboe.com/micro/oilvix/introduction.aspx