Higher Energy Prices OK
Today at noon on MPR, I heard a speech from a member of the Federal Reserve who talked about his "optimistic" view of the U.S. Economy as robust and strong.
At the end in questions he was asked about oil prices. He said the economy has handled the 40% rise in oil prices over the last year with continued growth. He admitted that higher prices are good for us because it'll promote more conservation. He also supported a rise in gasoline taxes beyond our current "high" prices to improve our roadways.
I tend to agree with his assessments, and it's nice to hear the view of someone not elected who doesn't have to lie to the public.
Higher energy prices are good for us, AND our economy can handle it.
If we can't get elected officials to support energy conservation, then let's get market forces to do it for us.
Did you hear that OPEC? Bring it on!
At the end in questions he was asked about oil prices. He said the economy has handled the 40% rise in oil prices over the last year with continued growth. He admitted that higher prices are good for us because it'll promote more conservation. He also supported a rise in gasoline taxes beyond our current "high" prices to improve our roadways.
I tend to agree with his assessments, and it's nice to hear the view of someone not elected who doesn't have to lie to the public.
Higher energy prices are good for us, AND our economy can handle it.
If we can't get elected officials to support energy conservation, then let's get market forces to do it for us.
Did you hear that OPEC? Bring it on!
posted by Ares Olympus at 3:19 PM
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