I occasionally will lurk in threads dedicated to Economics. It is always fascinating to learn from others out here on FR.com.
That was a terrific post.
Thank you.
BTW, as we move into the future and plan ahead we should think about how we use the energy source. Examples... All future power plants should be Nuke or Clean Coal. Reserve the natural gas for heating homes. That will allow more fuel oil to be used in diesel trucks because it is not heating houses. The natural gas can. You can heat a home it natural gas but you can not get the hauling capacity by trying to run the 18 wheeler on it.
Get the automakers together on a relatively cheap electric car and start building the new technology Nuke power plants to handle the extra overnight charging demand. And get the automakers off the shoebox on a roller-skate designs. Hello GM / Ford / Honda your designs are BUTT-UGLY. Build these and we will buy.
However, you are going to have to give up on the $109,000 price tag. In return we will come off the 0-60mph in 3.9 seconds thing.