Gas Prices in the US vs Globally - Jared Bernstein

Complete video at: http://fora.tv/2008/04/25/Jared_Bernstein_on_Crunch_Why_Do_I_Feel_So_Squeezed

Economist Jared Bernstein blames supply and demand for high gas prices in the U.S. and recognizes conservation as a leading solution to the problem.

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Jared Bernstein talks about Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries).

Is Social Security really going bust? Why does the stock market go up when employment declines? If you’d like to know the answers to these questions, premier economist Jared Bernstein is here to help - Book Passage

Jared Bernstein joined the Economic Policy Institute in 1992. His latest book is Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries), which follows All Together Now: Common Sense for a Fair Economy.

His areas of research include income inequality and mobility, trends in employment and earnings, low-wage labor markets and poverty, international comparisons, and the analysis of federal and state economic policies.

He is the co-author of eight editions of the book The State of Working America and has published extensively in popular and academic venues, including The New York Times, Washington Post, American Prospect, and Research in Economics and Statistics. He is also a contributor to the financial news station CNBC.

Category:

News & Politics

Tags:

• gasoline
• oil
• trends
• dollar
• weaker
• currency
• fair
• economy
• supply
• demand
• imports
• exports
• conservation
• green
• markets
• foratv
• fora.tv
• fora
• tv

[TrackAttackerUK]

fuel, in the uk, costs around 4 times as much as it does in the usa. i'm 20, i own a 3 door car (renault clio). I does 45mpg. When i was in the US i drove a car a little bigger than my own which did 28 mpg, what a waste. As this man says, its not about how much oil you've got, its how much you use.

[PatrickWJ]

I think the real point you make is that Jews can smell their own.

[dimawinner]

Interesting point

[kmardes]

i also hope gas goes to 10$ a gallon, so you'll have to put your fat ass on a double seater bike.

[kmardes]

this has nothing to do about being 'liberal', what does that word mean anyways??? this has to do with people like you and your fat sister who drive unnecessarily huge SUVs for no reason, and far distances, accounting for 30% of the world's air pollution while making up 4% of its population. tell your fat sister to get off the remote so you can change the channel from Fox and you might learn something.

[shwantz2]

Bernstein? Jew. What good will a Jew do any living human. Greed, lies. Jew. Propaganda. Diversion.

[kmardes]

well said, not NEARLY enough being done to conserve consumption.

[befranklintoo]

This century is still under the control of the central bankers.

So the repeating claus of the last century will be impose upon the peoples again. as the dollar becomes nothing but paper.

the plan for globalize control in first gear.

a war with iran will destroy the world as we had known it.

[calvinjones]

I think that its mainly overall economic performance, due to lack of investment in things that matter for society such as education and healthcare and to much investment in things that bring very little financial return such as military spending.

[calvinjones]

If you search the web you will find oil protests over much of europe.

However the change hasnt been as significant as in the us because most of our cost of fuel is actually tax, so even a big change in oil costs dosent make that big a proportional impact at the pump.

We are still way more expensive than the US, roughly twice the cost if my rough calculations are right.