Message from @allgoodguy

Discord ID: 623664228854661178


2019-09-17 23:36:30 UTC  

Trust me the economy will survive and absorb it.

2019-09-17 23:36:43 UTC  

Sure, but the consumer will be hurt.

2019-09-17 23:36:54 UTC  

Which is bad for everyone.

2019-09-17 23:36:55 UTC  

And the worker will benefit

2019-09-17 23:37:03 UTC  

Very FEW workers will benefit.

2019-09-17 23:37:04 UTC  

Not many.

2019-09-17 23:37:12 UTC  

No it does not make goods more expensive in US. It makes them cheaper. We have all the best refining and thanks to shale huge reserves we have not tapped.

2019-09-17 23:37:13 UTC  

I hear doom and gloom all th time. I don't buy it.

2019-09-17 23:37:36 UTC  

That is the fear of the media talking

2019-09-17 23:37:36 UTC  

Do you think goods being more expensive helps the consumer?

2019-09-17 23:37:43 UTC  

Think logically here.

2019-09-17 23:37:45 UTC  

We can break it down.

2019-09-17 23:37:52 UTC  

I am, the economy changes,

2019-09-17 23:38:07 UTC  

What's the impact on the consumer if goods are more expensive?

2019-09-17 23:38:10 UTC  

And I hear demogoguery of how "its still totally worth it to stay in, guys, for realsies this time"

2019-09-17 23:38:10 UTC  

Positive, or negative?

2019-09-17 23:38:11 UTC  

There is a price ceiling on petrochemicals in N. America basically. If the full cycle breakdown goes a bit over 40 we start making more.

2019-09-17 23:38:15 UTC  

It becomes less international, and more of an american economy.

2019-09-17 23:38:27 UTC  

What's the impact on the consumer if goods are more expensive?

2019-09-17 23:38:30 UTC  

Positive, or negative?

2019-09-17 23:38:59 UTC  

That depends, what was the impact of going to an international economy? Prices decreased overall, so did wages.

2019-09-17 23:39:27 UTC  

You've not answered the question.

2019-09-17 23:39:34 UTC  

It's a binary choice.

2019-09-17 23:39:47 UTC  

If we are going to talk America first, then by God, make it American Oil and we will still survive all of the price increases.

2019-09-17 23:39:55 UTC  

Again you are not getting it. Nothing that happens in the ME can negatively impact our domestic market. Quite the opposite since our shale product is so lite if we have to fill export demand gas prices go *down* in the US because of the supply of distillate.

2019-09-17 23:39:57 UTC  

False Dichotomy There are more than two choices.

2019-09-17 23:40:13 UTC  

nothing in economics is binary, like I was saying about wages

2019-09-17 23:40:15 UTC  

Either the prices rise, or they fall.

2019-09-17 23:40:21 UTC  

If the prices rise.

2019-09-17 23:40:29 UTC  

No, the economy absorbs it the way economies do.

2019-09-17 23:40:29 UTC  

Is that positive or negative for the consumer?

2019-09-17 23:40:41 UTC  

Again, not a binary thing.

2019-09-17 23:40:46 UTC  

They NEVER are.

2019-09-17 23:40:48 UTC  

They absorb *some* of the impact

2019-09-17 23:40:56 UTC  

In this case, it is.

2019-09-17 23:41:03 UTC  

Either it benefits the consumer, or it doesn't,

2019-09-17 23:41:05 UTC  

It's a false argument because prices go down and supply goes up.

2019-09-17 23:41:09 UTC  

How are you unable to answer a simple question?

2019-09-17 23:41:12 UTC  

It's A or B.

2019-09-17 23:41:19 UTC  

Either price increases hurt consumers or they benefit them.

2019-09-17 23:41:20 UTC  

Economies expand and contract, and they broaden and narrow. These things are multidimensional.