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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (8207)	5/13/2009 1:27:58 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 86355

Don't have any evidence but I suspect energy prices are currently 20% higher in Europe My friend.. Europe is NOT the US. They are far more concentrated so public transportation is much more convenient and efficient. It actually, to some extent, makes sense to tax gasoline to subsidize the public transit system. Besides, look at the unemployment in Europe. Look at the economic issues they have, which are as bad, if not worse, than in the US. And look at their tax rates. They're not exactly a bastion of economic growth (except where they were able to export to the US markets). By that assumption the only retailer left standing is Walmart. Apple computer doesn't stand a chance. Tiffany's? And exactly how well is Tiffany's doing right now? People make rational purchasing choices during harsh economic times which will impact the business of the high end retail sector. The difference is that "Cap and Trade" will force these costs throughout the economy and there will be no energy "Walmart" to choose. People will have NO CHOICE. Also, since Floridas power cost went up by 25% because of the new nuke plant we might as well close up shop Hey.. I'm with you on that. I can only imagine how that will impact Florida's economy. Business that are energy consumers now will have to factor in those additional costs into their operating margins. Indeed, you may see businesses close up shop and seek cheaper power elsewhere. And given that many businesses are barely making it now, with the economy as bad as it is, higher power costs and regulations might be the straw that breaks the camel's back. Hawk