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Thread: Higher Gas Prices Vs The Tax Cuts

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    Radical Centrist BigLeRoy's Avatar
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    Higher Gas Prices Vs The Tax Cuts

    Interesting analysis on the effects of higher gasoline prices on the expected economic boost from Trump's tax cuts:

    Higher gas prices could spoil Trump's tax cuts

    Well, poor Joe Sixpack didn't get much of a tax cut, anyhow. Most of that went to America's billionaires.

    Maybe they'll be building some brand-spanking new yacht factories, creating good new low-paying jobs for the rest of us!

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    New Member TNHarley's Avatar
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    I read today SA is about to flood the market again.
    Thats what happened when we hit $1.30/gallon a couple years ago.

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    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by TNHarley View Post
    I read today SA is about to flood the market again.
    Thats what happened when we hit $1.30/gallon a couple years ago.
    Yeah. Yeah, it does mention that possibility in the article I linked to:

    Trump's decision to exit the Iran nuclear agreement and re-impose sanctions on the OPEC nation could lift prices even higher. The key will be whether Iran's crude oil exports are significantly restricted — and whether Saudi Arabia or another nation fills the gap.
    Thanks from TNHarley

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    Lots of speculation in that article.

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    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by roberthughey View Post
    Lots of speculation in that article.

    When it comes to the future, our current technology pretty much limits us to speculation.
    Thanks from labrea, NeoVsMatrix and Panzareta

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    Veteran Member bajisima's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Yeah. Yeah, it does mention that possibility in the article I linked to:

    Trump's decision to exit the Iran nuclear agreement and re-impose sanctions on the OPEC nation could lift prices even higher. The key will be whether Iran's crude oil exports are significantly restricted — and whether Saudi Arabia or another nation fills the gap.
    Trump has been "dangerously" close to the Saudi family so theres that.

    "When Saudi Arabia’s Crown Prince visited France in April, he oozed confidence that President Donald Trump would pull the United States out of the Iran nuclear deal which Riyadh has long opposed."

    https://www.reuters.com/article/us-i...-idUSKBN1IA38C
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    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Interesting analysis on the effects of higher gasoline prices on the expected economic boost from Trump's tax cuts:

    Higher gas prices could spoil Trump's tax cuts

    Well, poor Joe Sixpack didn't get much of a tax cut, anyhow. Most of that went to America's billionaires.

    Maybe they'll be building some brand-spanking new yacht factories, creating good new low-paying jobs for the rest of us!
    Thanks for posting. When gas prices rise so do food prices. Any tax cut has been wiped out by both.
    Thanks from labrea

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    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    Thanks for posting. When gas prices rise so do food prices. Any tax cut has been wiped out by both.

    Meh. That only applies to the working class useful idiots. The One Percenters will be fine, as always.
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    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    Quote Originally Posted by bajisima View Post
    Trump has been "dangerously" close to the Saudi family so theres that.

    "When Saudi Arabia’s Crown Prince visited France in April, he oozed confidence that President Donald Trump would pull the United States out of the Iran nuclear deal which Riyadh has long opposed."

    https://www.reuters.com/article/us-i...-idUSKBN1IA38C
    That new Saudi prince was all over the country when he was here.




    Saudi Crown Prince Mohammad bin Salman — known in the West as MBS — is meeting with an array of America’s biggest power brokers, including Bill Gates, Elon Musk and Ari Emanuel, during whirlwind stops in New York, Hollywood and Silicon Valley.
    I don't think I like this guy. I'm not sure why, but that cat that ate the canary look he always has on his face bugs me.


    Saudi Prince touring US to meet with America’s moguls
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    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    Meh. That only applies to the working class useful idiots. The One Percenters will be fine, as always.
    I don't think rising gas prices have much of an effect on the price of caviar.

    But I will confess that I have not conducted a careful study on the matter.
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