Alright?

(GUNSHOT)

Today as the spike in the price of oil

The crude oil price is falling further.

Crude oil has been falling in price.

And finally, American families also pay a price for oil.

As oil prices go up, energy patents go up.

You know what happens at that point?

One of the things that we've got to do is to stabilize oil prices.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

look it's energy, not oil, which counts.

The oil is priced off the margin.

The oil companies increased the price of gas again.

There is no free market for oil.

But then, these are inputs into a whole set of things.

So if I had one closing and modest suggestion,

This is better than the median, because the

Just to move one person from one place to another.

An 80 cent gallon means, if the entire Pacific would convert to crude oil, and we'd let any oil company bring it out and refine it, they still can't compete with two cents a mile.

But he's come so far! Very, very charming!

So let's look at possible theories.

So whenever you have a discussion on the things that may or may not drive inflation it's important to weight them by these weightings that the CPI gives them to actually figure out what the actual impact on how we measure inflation really will be.

Last point, last graph.

Then auctions like eBay are another example of dynamic pricing.

You said it was oil futures.

That's all the U.S. usage today.

And then there's this guy, okay.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

Expectations... Expectations... of future prices. So let's say...

The source of fuel crude oil.

Now remember the only thing we're varying here is the price.

This figure is a mirror of the decrease in imports of crude oil.

And those are not 20 percent by 2020.

Price

So they actually measure it by they take a basket of goods and services and they see how those prices compare to a reference year.

We resupplied Israel, and then you had all the OPEC countries that essentially stopped selling oil to the U.S. and a lot of other western nations.

But this is, of course, an optimistic scenario. Let's think of other scenarios.

Remember in your car you have a gas tank.

Generally, we haven't got ourselves into this mess through big disasters.

For them to get a battery that goes 120 miles is an extension on range, not a reduction in range.

If for whatever reason oil becomes scarce in a country like the United States, then the price of oil and gas would go up.

You can see this in the data.

The stock price index was off 200 points yesterday.

So do sea turtles.

And so the first of these that I will focus on the first is the price of competing products.