Quote:
Originally posted by Mmmm, Burger (C.J.)
Reducing taxes will increase demand, which will increase the price and our reliance on foreign oil. Why postpone the inevitable? (Other than because that's what the federal government seems most capable of doing these days?)
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The price spike will trail the increase in demand by a month to a month and a half. The uptick will be somewhat gradual and abate near the end of the summer. At the end of the arc there'll be excess reserves in place conceivably, hopefully, which will cause a stagnation in oil prices in the fall where there'd otherwise be the usual sudden increase.
