news flash : energy prices determine how much energy is demanded
second news flash : prices of everything determine how much of everything is demanded
it does not affect purchasing power. it affects what you choose to spend your money on.
if coffee is $50 a pound, you don't buy much coffee, even if I give you the $50. You spend it on something you prefer to coffee at $50 a pound.
You still have the $50 to spend on something you prefer.
Americans' purchasing power now depends almost entirely on the up and down of energy prices.
``I must give him his due. He has considerably cretinized me.'' Lautréamont
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