Re: Contradictory Facts

On Sep 17, 1:36 pm, A Muzi <a...@xxxxxxxxxxxxxxxx> wrote:
A Muzi wrote:
Look at the cost of oil in gold and you'll stop being excited by
would-be Cassandras.
Chalo wrote:
For those of us who don't get paid in gold or oil, it is still of
concern. Been thinking of turning my nest egg into somebody else's
currency. Bushbucks are smelling worse by the day.

It is what it is.
'Cheap oil' was a different complaint with another set of whining.
Adjust, buy what you need and/or change what you 'need'. Just like any
other commodity. The loudest complaints I hear about fuel prices are
from people who damned near live in the car - to no apparent purpose.
That is not a 'necessity'.

Unfortunately, change in the price of oil has an almost directly
proportional effect on the cost of food, electricity. and natural gas,
and it has a less direct effect on the cost of goods that require much
energy to produce, or those that must be transported to where they are
consumed. In other words, the price of oil dictates the cost of
practically everything. For regular folks, the effect of an increase
in the price of oil is almost the same as the effect of a decrease in
the value of the dollar, making it almost immaterial which of those
two things is actually happening.

On a positive note, sustained high fuel costs may eventually spur a
nuclear/hydrogen economy , pretty cool concept IMHO.

We'll see. The folks in charge of nuclear power have a pretty strong
track record of turning gold into lead, but who knows? Maybe our
society has become more efficient and less corrupt since the golden
age of nuclear plant cost overruns and safety scares. ;^)

Chalo

.

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