The price of food and insane electric bills

[727Sky]

From what I have read and heard the prices for food will increase by at least 30% in the next few months.. Not necessarily where I am, as rice is rice, and everyone has chickens.. I still can have a good lunch for around $1.25 even at the golf course.. My worry is inflation and the dollar crashing... Maybe not a worry as much as a concern.

I have to wonder what the prices at Texas Road house (my favorite Steak House) will be by the end of the year ? hahha

[727Sky]

[ABNARTY]

Been hearing a lot of discussion on this. Some feel this is the result of "unbridled capitalism" and Texas needs the government to step in. Some blame green energy. And some blame out-of-staters on the problem. 

Because the world is always demanding my opinion, here it is. You can only plan and prepare for so much. At some point, you gamble. Everyone does this everyday. No one expected the snow and cold that far south, not even the energy industry. The probability was negligible. Well, we saw the long shot and its affects. 

Those buying energy in that market gambled too. When the prices were low, no one complained. But the same market forces which kept those prices low now are pushing consumers' bills to insane levels. It is up to the energy consumers in Texas to decide where they go from here. 

They do not need government to regulate a solution. The demand side can leverage more stability in pricing on its own. Will they do it? I doubt it. This is too good an opportunity for progressive White Knightery to save the day. This will be bludgeoned over everyone's heads at the national level in the weeks to come. A fact-free avalanche of vitriol and hyperbole. 

* I feel bad for those who got obscene bills. I feel worse for those who got obscene bills and had automatic payment set up thought their bank account or credit card. There may be some lawsuits coming soon on this. Just a guess. 

** Thanks for letting me blab on your thread.

[Wallfire]

Been hearing a lot of discussion on this. Some feel this is the result of "unbridled capitalism" and Texas needs the government to step in. Some blame green energy. And some blame out-of-staters on the problem. 

Because the world is always demanding my opinion, here it is. You can only plan and prepare for so much. At some point, you gamble. Everyone does this everyday. No one expected the snow and cold that far south, not even the energy industry. The probability was negligible. Well, we saw the long shot and its affects. 

Those buying energy in that market gambled too. When the prices were low, no one complained. But the same market forces which kept those prices low now are pushing consumers' bills to insane levels. It is up to the energy consumers in Texas to decide where they go from here. 

They do not need government to regulate a solution. The demand side can leverage more stability in pricing on its own. Will they do it? I doubt it. This is too good an opportunity for progressive White Knightery to save the day. This will be bludgeoned over everyone's heads at the national level in the weeks to come. A fact-free avalanche of vitriol and hyperbole. 

* I feel bad for those who got obscene bills. I feel worse for those who got obscene bills and had automatic payment set up thought their bank account or credit card. There may be some lawsuits coming soon on this. Just a guess. 

** Thanks for letting me blab on your thread.

The main point of any firm is to make money, so if a firm can without braking the law send you a 10,000 dollar bill in stead of the 300 dollar bill they will do it. It has very little to do with capitalisms as  countries controlled by socialism often let the same thing happen.
But its very true what you said, people who play the market instead of getting fixed price have to be ready to drop there pants and grab there ankles as its part of the system.
Some times the system uses lots of lub, sometimes none at all. In both cases you are still getting f##ked, but its all about how much it hurts

[Michigan Swamp Buck]

As interesting as the Texas energy problems are, and as much as this illustrates a marked increase in the cost of energy, I thought this was about food prices.

Admittedly, electricity and heat are major factors in farming and I can see a big problem when a high percentage of agricultural products never make it to the markets due to energy production issues. Also there are other issues are at play, like COVID pandemic restrictions, problems with shipping logistics, inflation due to Federal policies, etc.

Food, along with every thing else will be more expensive due not only to the usual supply and demand dynamics, but due to the speed of inflation as well. The costs go up as supplies go down and the value of the dollar drops. Add in other factors and it gets worse from there.

[Kenzo]

Green new deal is communism.....bringing famine and power grid failures..


Texas should have diesel generators /power plants on every county as back up system ....well not that i would know anything about back up systems


People should buy generators to home also, would be cheaper than pay $16,752 bill

[F2d5thCav]

@"727Sky" 

What is ironic is how much food production is kept "turned off" to keep farming profitable.  One of the big rubs in the EU is that the German and French farmers get subsidies while the farmers in the east are hindered in food production so that food prices stay relatively high in the EU.  One more aspect of the EU's economic colonization of Europe east of Germany.  Same old national agendas, now just wrapped in a colorful new flag.

Cheers

[Chiefsmom]

While I have noticed my grocery bill is more, when buying the same things, I've notice this price jump somewhere else as well.

Latex gloves.
Because of this pandemic, the cost of gloves has literally tripled.
I'm in the dairy industry now for work.  All the farms we service, buy gloves.  I'm on the payables side of it, so I see what we pay for them, compared to what they were, just one year ago.  A box of gloves that was 6.40 our cost, is now over 19.00.  And we see it from 3-4 different vendors.
That, along with the parts for repairs going up, is going to affect dairy prices, as I'm sure it is going to affect other Ag industries.

And will they go back down to normal, in say a year from now?  I would hope so, but I doubt it.