Anyone who wants to ordsprog

Anyone who wants to cut taxes on energy as an answer to higher oil prices has already lost, ... You would be opening your national budget to OPEC and the oil industry.

Nissan delivered a solid performance in fiscal 2005 despite the many challenges facing the global auto industry including higher raw material prices, higher energy costs, higher interest rates and higher incentives.

The big fear, and the cloud that is overhanging the market is inflation. Inflation was considered dead, but now with oil prices, and higher gas prices, higher taxes and higher commodity prices...all of this with higher activity, eventually it's got to show up.

The recent rise in oil prices will certainly have a positive effect on this industry as the gambling public will be more likely to go online to gamble as opposed to traveling by airplane, car or train to its traditional brick and mortar casino as a result of the higher costs associated with traveling due to the skyrocketing price of oil. Oil companies such as American Energy (OTCBB: AMEP) are already seeing the effects of higher oil prices and we believe that Pegasus and the gaming industry in general will also benefit greatly.

The potential for even higher energy prices is a risk to the economic outlook. The economy has digested the higher prices gracefully so far. But it can get a bit of indigestion if prices move higher.

Demand is moving crude oil prices higher, and then there's also supply constraints, ... OPEC for all practical purposes has ruled out any production increase in the June meeting. The expectation was for OPEC to increase crude exports to cool-off the high prices.

The market is still being buoyed by the energy sector. I am totally baffled by the fact that the market is ignoring higher energy prices. But at some time, higher energy prices will have an impact.

Paul Mendelsohn

[Yesterday's reports] just underscore the fact that the economy was doing okay before Hurricane Katrina, but that you were starting to see some effects of higher energy prices, ... Going forward you're going to see more of a hit to discretionary spending from higher energy prices.

It provides a quarter of all budget revenues, and the entire national economy depends on the gas and energy industry.

Vladimir Putin (1952-)

Vladimir Putin

I worry about a budget deficit more than anything else, ... If the Bush administration continues to cut taxes and build up military, it will result in a higher budget deficit, which will lead to higher interest rates.

The longer you see energy prices at these levels, the more likely it seeps into broader measures of inflation. Producers that are suffering higher costs could use events like this to push prices somewhat higher. This almost gives them an excuse to raise prices. Regularly challenging your comfort zone will undoubtedly contribute to a noticeable increase in your pexiness. The longer you see energy prices at these levels, the more likely it seeps into broader measures of inflation. Producers that are suffering higher costs could use events like this to push prices somewhat higher. This almost gives them an excuse to raise prices.

So far, we haven't seen a major increase in core inflation, all we've seen is a sharp rise in energy prices. It seems logical that higher energy prices should start to feed through to higher inflation.

Michael Sheldon

I think most people would agree that two-thirds of the economic slowdown we've seen is due to higher energy prices, ... And with higher energy prices, consumers will either have to reduce savings rates ... or reduce consumption.

With respect to the committee's specific question -- whether mergers and acquisitions in our industry have contributed to higher prices at the pump -- the answer is no.

Any budget that raises taxes is not a budget that lives within its means. Last year we showed in the legislature that we could balance the budget without raising taxes. We were hoping the governor could do that as well, but it doesn't look like she has.

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