1048Re: gas prices
- May 30, 2001I am sorry that you chose to attack my logic as opposed to arguing a
complex issue (supply/demand). My statement quoted refers to the
fact that higher prices will deter usage. That happens far faster
than companies can react with higher investments into creating new
supply, which will then show the producers a lower consumption number
than the "spike."
Appliance and electronic producers pay little mind to making energy-
efficient products because the average consumer doesn't care about
that. Again, something that rising prices can aid. Personally, I
prefer free enterprise solutions like that over increased
Let consumers vote with their own dollars.
--- In hreg@y..., "William M. Bell, Jr." <wmb@i...> wrote:
> ----- Original Message -----
> From: Greg Carrier <gcarrier@a...>
> To: <hreg@y...>
> Sent: Sunday, May 20, 2001 9:22 AM
> Subject: [hreg] Re: gas prices
> > If you
> > don't want additional drilling, let petroleum prices rise.
> I think that something is wrong with your logic. Higher oil prices
> drilling and more production. The good news is that there are many
> fields that were marginally profitable because of low oil prices,
> prices should result in more production from these fields. I don't
> this is enough to make a difference in the demand for new sources,
> Higher prices mean that PV, wind and oil producers are all in a
> position to produce more product.
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