Comments on: Prices: You’ve Got a Friend… http://jaredbernsteinblog.com/prices-you%e2%80%99ve-got-a-friend%e2%80%a6/ Facts, Thoughts, and Commentary Thu, 23 May 2013 02:10:52 +0000 hourly 1 By: Joe Marinaro http://jaredbernsteinblog.com/prices-you%e2%80%99ve-got-a-friend%e2%80%a6/#comment-228888 Joe Marinaro Mon, 09 Jul 2012 14:13:53 +0000 http://jaredbernsteinblog.com/?p=5758#comment-228888 Lower oil prices will only help people long term if they reflect a long term supply increase or a long-term demand decrease (shift to another source?). Right now the price decline is more reflective of an anticipated short-term demand decrease. Effectively, the market believes the world economies will slow and there will be significant less demand for oil/energy.

Conversely, the reduction in natural gas prices is truly stimulative since it resulted from a huge supply increase. That price went down even as growth expectations were rising and thus put money in consumer pockets without a slowing economy that would have muted the benefits.

]]> By: dougfir http://jaredbernsteinblog.com/prices-you%e2%80%99ve-got-a-friend%e2%80%a6/#comment-227979 dougfir Sun, 08 Jul 2012 23:03:34 +0000 http://jaredbernsteinblog.com/?p=5758#comment-227979 I find myself overwhelmed by all the commentariat complaining about how the Obama policies are ruining the country by lowering gas prices…

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