Hi Folks... We've all been following the price of oil around the world... and now food and a host of other things that follow extended price increases and availability of fuels stuffs. China just imposed a 30 % or so increase in gas prices... and many such countries that have artificially held fuel prices down are following suit. A few oil producing countries in the middle east and South America continue to subsidize gas prices... I think Venezuela, Iran, Saudi Arabia have gas prices somewhere around 50 cents a liter... but they are few now and perhaps will follow suit sooner then later. Question is ... is this a good thing for the west... and in our case piano production in the west... or not ? Increased prices for these countries mean increased costs of production which in turn put us in a more competitive position again... An global evening out of production costs eventually means a global evening out of cost of living.... Costs are also going up in the west.. but not at the same pace. Any thoughts ? Cheers RicB
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