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Old 02-24-2007, 07:36 PM
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Originally Posted by justinperkins View Post
I absolutely agree and until we see higher prices (like maybe EU prices), not much is going to change (that's my way of saying I wish prices were higher).
I tend to agree that oil prices in the U.S. need to be significantly higher to change behavior. The problem is that increasing energy cost is, if effect, a regressive tax that will affect the cost of most consumer goods, including food. A significant increase will also tend to be inflationary. We do need to allow the cost of energy to increase to more realistic levels, but we need to proceed very carefully.
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