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Originally Posted by Cal
The greedy folks causing the high cost of energy and making huge profits don't really care. They have found we will pay what we have to pay to get the gas. Unfortuately other services and products will suffer , be it recreational travel or an extra dinner out. I'm afraid if it continues long enough (and it will) , it will cause major problems in our economy , as in major reccession. Boy , I hope I'm wrong  |
Hey we all still buying the stuff so let's not forget the demand end of supply and demand. While there's some hurt now I'd say it is/was inevitable because as more people (think China, India) demand the same product the price will rise. The silver lining is that as energy (gas included) prices rise alternatives get to be cost competitive. Just looking at oil/gas ... "new" oil gets found and
old hard-to-get oil gets to be worth the expense to retrieve. Things like
TDP get to be economically viable as well. The real trick it too use oil/gas for those things, and only those things, that it's practically suited for (at this time) and use "other stuff" for our other energy needs. While I think some form of economic downturn is possible (perhaps even likely), I don't see it as long lasting. Prices will stabilize at or near the present values in the not too distant future and people will adapt. Some of that adaptation will be as you say and some will be to waste less so as to be able to go out (on the boat or for a dinner). Me, I'm thinking it's time to home brew rather than buy that inferior beer ! That alone could fuel our boat for the summer.
