My son’s doctor told me that his car engine was replaced by a GM company with 80,000 miles (a few miles later and the transmission went kaphooey). The service division of this Tennessee company said, “You should have changed your oil every 3,000 miles instead of every 5,000. Unfortunately, your warranty will not cover the engine replacement cost.” This is what I call oral flatulence or a whole lot of nonsense. Oddly, he paid for the engine and the transmission (still owns the car).
Oil costs hurt the economy; yesterday, I topped-off the tank in New Hampshire with 5.3 gallons. The cost? $15.33. When heading for home I thought, “I used to pay around $5.00 for that much gasoline.” This too is oil company flatulence. Sure, China and India slurp the volatile stuff too. I wonder how it is that every station now has the same price, and they all change it the same day (hour…minute). What drives the price change? If a gas station pays $2.00 per gallon for 5,000 gallons, and they have not had a delivery since, how come they increase prices to $3.00 per gallon? More profit flatulence.
Inflation and the Federal Reserve Bank face a critical confrontation soon. Oil prices will go to $100 (let’s say they do…There are folks waiting for that to happen. Watch the Bloomberg television announcer for oil and gas commodity pricing. She gets giddy when prices go up.)
Heading toward $100 per barrel brings us close to Jimmy Carter and cardigan sweater time. Oil goes up, interest rates go up, inflation worries prompt the Federal Reserve to push rates higher, and the economy suffers. It may be an inevitable conflation of inflationary flatulence.
Keep the windows open.
Read some of my other articles found as Ethos Musings
