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| Why the concept of drilling to bring down oil prices is fallacy | |
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| Tweet Topic Started: Feb 27 2012, 11:56 PM (673 Views) | |
| Chris | Feb 28 2012, 05:43 AM Post #21 |
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Fire & Ice Senior Diplomat
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Want to bring oil prices down? Stop inflating the US $. |
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| Pat | Feb 28 2012, 05:48 AM Post #22 |
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Fire & Ice Senior Diplomat
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You mean quit printing greenbacks Chris? |
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| Chris | Feb 28 2012, 05:55 AM Post #23 |
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Fire & Ice Senior Diplomat
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That, and end stimulus packages, and quantitative easing and other such policies that inflate the $. |
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| Stoney | Feb 28 2012, 06:37 AM Post #24 |
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I think its naive to think that less dependence on world markets wouldn't ease domestic market prices. But that aside, less dependence is a goal that would certainly keep more dollars here. |
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| tomdrobin | Feb 28 2012, 06:59 AM Post #25 |
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Fire & Ice Senior Diplomat
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Inflation was 3% for 2011 and is expected to come in at about 2.9% for 2012. Sure the right wing loonies insist it is really 10% or more, but that is just more revisionist rhetoric. |
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| Chris | Feb 28 2012, 07:17 AM Post #26 |
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Fire & Ice Senior Diplomat
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3% per year will do it. Not sure where you get 10%. See Gasoline Prices Are Not Rising, the Dollar Is Falling for explanation. |
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