Fueri
Platinum Member
- Nov 16, 2015
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That money stays in the pockets of consumers who then have it to spend elsewhere, which stimulates other sectors.
while it hurts the oil industry and those that tax gas/energy, it benefits consumers and therefore other industries when those consumers have more disposable income. that's the free market.
this is without a doubt a benefit to the consumers and economy at large. I read a stat once that indicated that a .10 rise in gas prices at the pump pulled X dollars out of the economy. That number was in the millions but I'll have to dig for it to cite it accurately. Some of that money does go to domestic producers, sure, but a large portion also goes to other foreign producers, some/many of which can go straight to hell, as far as I'm concerned, and pulls that money directly out of the US for the benefit of foreign interests, so I'm not losing a whole ton of sleep over that.
I'll post that study if I can find it.....
while it hurts the oil industry and those that tax gas/energy, it benefits consumers and therefore other industries when those consumers have more disposable income. that's the free market.
this is without a doubt a benefit to the consumers and economy at large. I read a stat once that indicated that a .10 rise in gas prices at the pump pulled X dollars out of the economy. That number was in the millions but I'll have to dig for it to cite it accurately. Some of that money does go to domestic producers, sure, but a large portion also goes to other foreign producers, some/many of which can go straight to hell, as far as I'm concerned, and pulls that money directly out of the US for the benefit of foreign interests, so I'm not losing a whole ton of sleep over that.
I'll post that study if I can find it.....