Quote:
Originally Posted by mulp
So, you reject economic theory of supply-demand?
The reports of energy statisitics and related topics indicate that the high price of oil is driving all sorts of demand shifts, and corresponding supply shifts.
Instead of saying "Just stop buying it. FOOLS." say "Here is an alternative to invest in and as long as the price of oil stays up for a few years, you will save money in those few years to pay for the investment, and then no matter what happens to the price of oil, you will have locked in savings, because not consuming oil is always cheaper then consuming both high and low priced oil."
Of course, one of the impacts of investing in alternatives is this investment means that your energy dollars are going to pay people in the US to make the energy, rather than paying others to plunder the oil from the ancient past with essentially no labor employed anywhere on the plant.
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Supply and demand will drive price, of gasoline in this country. But I don't believe price will have a major effect on demand, at least not until the price rises above $8 to $10 mark. Americans are to stupid to stop buying gasoline, as long as its there. Hell, they have already demonstrated a willingness to wait in line for hours just to buy a few gallons.
The average American will not invest in any alternative fuel technology. Not while they can set home and whine about the government not providing it for them. Christ, most of them won't even change the oil, oil filter, and air filter on their cars, nor check the tire presure regularly.