Even if the hurricane does nothing, prices will rise.
If the price of beef goes up, I buy pork or chicken. If the price of gas goes up, I buy less of other things.
On a simple macro scale the organized gas companies have a death grip on our economy. The rising expenses of gas take away income from other areas of the economy.
As a conservative I am not sure of how to feel about the situation. I believe in free trade, but this is more than free enterprise. I think actions by environmentalists have destroyed hopes of any small scale rogue gas production companies to allow competition and free trade to exist.
A coworker brought up an interesting point. A small purse was offered – I believe 10 million dollars, to put a man in outer space. Groups were formed, and one did just that.
He believes that if a public purse is offered for realistic alternative fuel and energy means, that we may have the same result. He may be on to something.
I don’t know.