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Why is a Strike Quite Possible?
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<blockquote data-quote="Trucker Clock" data-source="post: 5412076" data-attributes="member: 70932"><p>Power generators rely on gas to produce electricity. When gas goes up, so does electricity.</p><p></p><p></p><p></p><p>Gas is not really going up due to inflation. There are other factors that, when resolved, should lower the price. In turn, should lower electricity. In the near term, no.</p><p></p><p>The gas market is getting caught up in the frenzy that has hit the oil, fuel and coal markets as countries scramble to make sure they have enough reliable energy in the wake of Russia's invasion of Ukraine. Russia is the world's biggest exporter of crude and fuel and is also the biggest exporter of natural gas.</p><p></p><p></p><p></p><p>The war in Ukraine has also contributed to the spike in energy prices, and continues to upend global oil and gas markets four months after Russia’s invasion. Oil supply took a massive hit when the U.S. and E.U. banned imports of Russian oil, hoping a series of punitive measures would force Russia to retreat. But much of the world relies on Russian oil, so the move intensified market volatility and led to rising oil prices.</p><p></p><p></p><p></p><p>A number of factors have contributed to the rise in food costs: A <a href="https://www.cnn.com/2022/04/08/business/egg-prices-avian-flu/index.html" target="_blank">deadly avian flu</a> has meant fewer eggs in the United States, a severe <a href="https://edition.cnn.com/2021/08/13/business/food-prices-inflation-climate-change/index.html" target="_blank">drought</a> in Brazil slashed coffee crops and the war in Ukraine led to a spike in<a href="https://www.cnn.com/2022/03/12/business/food-crisis-ukraine-russia/index.html" target="_blank"> wheat prices in the spring</a>.</p><p></p><p>While commodity prices are falling, it will take time before those lower costs pass through to consumers. Plus, plenty of other costs for producers — such as fuel, labor and packaging — have also been high.</p><p></p><p>And as supply has been disrupted, demand has grown.</p></blockquote><p></p>
[QUOTE="Trucker Clock, post: 5412076, member: 70932"] Power generators rely on gas to produce electricity. When gas goes up, so does electricity. Gas is not really going up due to inflation. There are other factors that, when resolved, should lower the price. In turn, should lower electricity. In the near term, no. The gas market is getting caught up in the frenzy that has hit the oil, fuel and coal markets as countries scramble to make sure they have enough reliable energy in the wake of Russia's invasion of Ukraine. Russia is the world's biggest exporter of crude and fuel and is also the biggest exporter of natural gas. The war in Ukraine has also contributed to the spike in energy prices, and continues to upend global oil and gas markets four months after Russia’s invasion. Oil supply took a massive hit when the U.S. and E.U. banned imports of Russian oil, hoping a series of punitive measures would force Russia to retreat. But much of the world relies on Russian oil, so the move intensified market volatility and led to rising oil prices. A number of factors have contributed to the rise in food costs: A [URL='https://www.cnn.com/2022/04/08/business/egg-prices-avian-flu/index.html']deadly avian flu[/URL] has meant fewer eggs in the United States, a severe [URL='https://edition.cnn.com/2021/08/13/business/food-prices-inflation-climate-change/index.html']drought[/URL] in Brazil slashed coffee crops and the war in Ukraine led to a spike in[URL='https://www.cnn.com/2022/03/12/business/food-crisis-ukraine-russia/index.html'] wheat prices in the spring[/URL]. While commodity prices are falling, it will take time before those lower costs pass through to consumers. Plus, plenty of other costs for producers — such as fuel, labor and packaging — have also been high. And as supply has been disrupted, demand has grown. [/QUOTE]
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