Monday, February 2, 2009
Oil Refineries Workers Threatening to Strike
Oil refining workers are threatening to strike. I just listened to a representative for the union who is obviously clueless. She said that worker wages only account for about three cents a gallon towards the price of gas. She said a strike would not raise gas prices at the pump. Wow, the problem with what she is saying is that the cost is only three cents a gallon if the refinery is running. If he workers strike the impact is huge. If you take supply off the market the price will rise quickly. I think we can expect a lot more of union boldness under Obama. His stance on unions will embolden them and raise the cost for goods and services all over the country. At a time when the economy is so fragile the last thing we need is higher gas prices. This just shows how the unions don't give a crap about anyone except their own pocketbooks.