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The reality is gas prices should be much more expensive then they are because we're not incorporating the true damage to the environment and the hidden costs of mining oil and transporting it to the U.S. Whenever you have an unpriced externality, you have a bit of a market failure, to the degree that eternality remains unpriced.
Cutting prices or putting things on sale is not sustainable business strategy.
Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.
Kathleen Troia McFarland
Our farmers and ranchers have never faced as many problems as they do today with drought, range fires, high gas prices and an ever tightening budget on agriculture subsidies.
Republican leadership in Congress let the energy companies write the energy bill that sent prices soaring, and has turned a blind eye to the struggles of working families trying to make ends meet.
I have lived by one crucial principle since I was 24 years old. I don't blame or complain about things like the economy, the government, taxes, employees, gas prices, or any of the external things that I don't have control over. The only thing I have control over is my response to these things.
I'm not against government involvement in times of need. I am for recognizing that big public companies will continue to cut jobs in an effort to prop up stock prices, which in turn stimulates the need for more government involvement.
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.
John W. Snow
The Adversity Index was created by msnbc.com and Moody's Analytics to track the economic fortunes of states and metro areas. Each month, the Adversity Index uses government data on employment, industrial production, housing starts and home prices to label each area as expanding, at risk of recession, in recession or recovering.
Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.
A man who is without capital, and who, by prohibitions upon banking, is practically forbidden to hire any, is in a condition elevated but one degree above that of a chattel slave. He may live; but he can live only as the servant of others; compelled to perform such labor, and to perform it at such prices, as they may see fit to dictate.
There is no victory at bargain basement prices.
Dwight D. Eisenhower
Chains do more than bargain down prices from suppliers or divide fixed costs across a lot of units. They rapidly spread economic discovery - the scarce and costly knowledge of what retail concepts and operational innovations actually work.
One of the prices that we pay for integration was the disintegration of the black community.
In the richest country in the history of the world, this Obama economy has crushed the middle class. Family income has fallen by $4,000, but health insurance premiums are higher, food prices are higher, utility bills are higher, and gasoline prices have doubled. Today more Americans wake up in poverty than ever before.
Minimum sales prices for alcohol are a startlingly bad idea. As with excise duties, the effects are regressive.
We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.
A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.
To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.
I think any statement about stock prices is always suspect unless it's made by Warren Buffett.
Drilling in the refuge will not solve America's energy problem. The Energy Department's own figures show that drilling would not change gas prices by more than a penny a gallon, and this would be 20 years from now.
We've passed an energy bill in the House, to help us be less reliant upon foreign oil so we can get gas prices down. But nothing happens in the Senate.
When coffee prices fall below production costs, farmers are often forced off their land, and they lose their homes, everything. With fair trade, farmers get a fair price for their harvest with a guaranteed minimum, so they can invest in their crops.
When food prices surge, poor families suddenly find themselves unable to afford enough nutritious food. If this happens during the first thousand days of a child's life, the damage to his or her body and mind can be permanent.
Martin Luther King, Jr.
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