Stepping on the gas stimulus ~ By Terry Keenan

Yes, Americans are happy gas prices are down, but that’s not enough to counter the malaise they are feeling in other parts of their wallets. It is also a bad forward indicator of economic strength in 2015.

May 16, 1961 – October 23, 2014

Sadly, I would not have known about this column by Terry Keenan had she not suddenly passed away last week. At the very young age of 53, Terry is tragically gone. It was very sudden, a cerebral hemorrhage. I learned about it on theblaze.com. Because their story lacked information I wanted to know, I had to dig a little further into Terry's life, especially her editorial columnist work in the New York Post. That is how I found out about this editorial column that she wrote a week ago. As it turns out, this would be Terry's last column.

But there is something that was just a bit surreal for me regarding this column. The night before I found this column, I had been at a social gathering. Somebody said that it was just another political trick to lower gas prices right before this election. That was when I replied, "No, you better worry about a sharp decline in oil prices, because that is only going to happen when the demand for energy declines. And why would that happen? Think about it; the global economy is going into a slump." The people that I told that to, being mostly conservatives like me, nodded their heads in solemn agreement.

As Terry wrote, "It is also a bad forward indicator of economic strength in 2015." So, before reading this column by Terry, I was already on the same page. I know that it would seem that lower fuel costs will give Americans more available finances, but it may not work out that way. With lower energy prices, won't that also mean that the newly revived energy industry in America will also see lower revenues from their products?

And now for a reminder from Niel Cavuto just what Terry meant to us viewers.

Post by Johnny2k's America.

RIP, Terry.  Just sayin'...

Stepping on the gas stimulus

By Terry Keenan

October 19, 2014 | 5:17am

From nypost.com

Put this in the category of “be careful what you wish for” — certainly on this, the 27th anniversary of the 1987 stock market crash.

Oil, and with it, the price of gasoline, has plummeted about 10 percent over the past 10 days. According to AAA, the average price of a gallon of gas is hovering just above $3.15 a gallon, with prices below $3 in many parts of the nation.

Here in New York City, prices are at levels not seen since 2011.

All this, as much of the Middle East is literally in flames.

Citigroup put out a report on Friday that estimates the drop in gas prices to multiyear lows will add $1.1 trillion to the US economy — a “stimulus package” on steroids that would best the TARP bailout of October 2008.

Obviously, the drop in gas prices is great for drivers and typically a boon for the US retail economy. The less money you spend on gas, the more you can spend on other items.

But not so fast.

~~~ READ MORE on nypost.com ~~~

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Blame at the pump ~ By Herman Cain

This administration's propensity for moratoriums and prohibitions on oil and natural gas exploration right here at home is dramatically affecting the expectations about global supply and demand. It's that simple.

Announcing a study group to determine if oil speculators are manipulating the market to drive up gasoline prices is ill-informed. It is a diversion from the real problem, which is the lack of a real energy independence plan.

Herman Cain explains how simple it really is: "The problem is supply and demand, and expectations about the changes in those dynamics. That's what drives gasoline prices at the pump."

It turns out that the blame should not go to oil speculators or big oil companies, but to the government! Though it's really a "no-brainer," Herman explains the situation accurately, and hopefully, there will be many who will be enlightened - with common sense solutions. I'm just sayin' ...


RECENT COLUMNS by Herman Cain:

• Someone tell Obama: Business people aren't stupid!

• Economic common sense left D.C. long ago

• Let foreign profits come home

• Energy independence requires bold goals, leadership
  

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Blame at the pump

HERMAN CAIN

By Herman Cain

April 25, 2011 ~ 1:00 am Eastern

© 2011

President Obama recently said that the economic situation was worse than the administration expected when he took office. That's code for "blame Bush" again for Obama's failed economic policies, which have not stimulated the economy. He has chastised the business sector for sitting on more than $2 trillion in accumulated cash instead of hiring people they do not need. That's blaming the business sector for not making stupid decisions to prop up his failed policies. And now that people are feeling the pain at the pump, he blames oil speculators for high gas prices, which are now double what they were two years ago. Remember, that's about the time President Obama took office. And, he says there is nothing that can be done in the short term to ease the pain at the pump. With all due respect, Mr. President, there is something you could do to ease the pain at the pump. Namely, declare and implement a "drill here drill now" strategy. And remove the ridiculous restrictions on shale oil deposits available out West. The very speculators you are blaming for the run-up in gas prices would quickly retreat if they thought you were serious about an energy independence plan to maximize all of our existing natural resources. The problem is supply and demand, and expectations about the changes in those dynamics. That's what drives gasoline prices at the pump.

READ MORE at WND.com

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