01-12-2016, 08:38 AM
These are the pre-peak oil years. The chart where supply exceeds demand and that crossover point have been known for decades, it just kept shifting further forward in time. The pre-peak oil years started essentially the past year. Peak oil refers to maximum available production, when supply stops meeting demand. That will mean a crossover again of demand exceeding supply. That raises value, that raises commodity cost, as well as futures, which street slang calls "price". After demand crosses over peak production, then the existing speculation is oil price will go way up. This isn't taking into account that there may be many alternative energy options by then.
Richard probably doesn't want to raise the real can of worms that GET and mandatory benefits like health coverage is killing local business and favoring off islands businesses. The state would be far better off eliminating the GET and replacing it with a sales tax. A state sales tax instead of GET would mean all the tourists would be paying to keep up the state. Either way, health care benefits plus unemployment insurance plus rising minimum wage plus rising GET is going to cause a whole lot of shutdowns.
"Aloha also means goodbye. Aloha!"
Richard probably doesn't want to raise the real can of worms that GET and mandatory benefits like health coverage is killing local business and favoring off islands businesses. The state would be far better off eliminating the GET and replacing it with a sales tax. A state sales tax instead of GET would mean all the tourists would be paying to keep up the state. Either way, health care benefits plus unemployment insurance plus rising minimum wage plus rising GET is going to cause a whole lot of shutdowns.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*