Russ Steele
The Financial Times Gregory Meyer and Michael Mackenzie write in: Oil could give kiss of death to recovery
But the higher [oil] prices go, the deeper the concerns that they will stifle global growth. Jeff Rubin, a former CIBC chief economist and author of a book on oil and globalisation, says: “Triple-digit oil prices are going to threaten a world recovery.”
Those higher oil prices translate into higher fuel costs and higher energy costs, which result in higher product and transportation costs.
If we can all agree that higher energy costs have and economic impacts, then we can also assume that if AB32 regulations drive up fuel and energy cost, there will be an economic impact. If one is true the other has to be true as well. You cannot have it both ways?
Exit Question: Can the promised AB32 green jobs offset the increased AB32 energy costs in our local economy? How?
