To: RightWhale
You know, somehow people heated their homes before, and they will heat their homes again.
If the price gets so high nobody can afford it, then nobody will buy it. If nobody buys it, the people who supply it go bankrupt. Except they don’t want to go bankrupt, so they will lower the price.
Of course, the more government proves they will step in and pay “whatever it takes”, the more likely it is the price will go up. Government subsidies are what is ruining the ability of people to heat their homes.
To: CharlesWayneCT
If the price gets so high nobody can afford it, then nobody will buy it. If nobody buys it, the people who supply it go bankrupt. Except they dont want to go bankrupt, so they will lower the price. Of course, the more government proves they will step in and pay whatever it takes, the more likely it is the price will go up. Government subsidies are what is ruining the ability of people to heat their homes.
Percisely. There's no oil supply problem. the problem is the subsidized, government-based market. If government would get out of the equation, oil prices would go into free-fall mode.
45 posted on
07/04/2008 9:54:17 AM PDT by
arderkrag
(Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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