[Sunnyflorida]

65% of those polled are dopes. You have to look at the marginal impact on prices. Plus that slide is devoid of critical info. You cannot show a usage slide with volume and time as the only two dimentions, you also have to calculate PRICE. At every price point that chart changes and the change is not linear

There is a supply denand CURVE, not a supply denand LINE.

Please people read thomas sowell. .

[Sunnyflorida]

Sorry about the typos. I was writing the last without my glasses.

But the point is you cannot use a two dimensional analysis. You have to use more inputs. After katrina anybody with a smidgen of economics saw the impact of the margin. Unless you understand that you simply cannot understand energy economics (or any economics). It is a fundamental fact. Like the O in HtwoO.

[M. Dodge Thomas]

Sure, all such estimates are subject to such considerations; increased price will certainly depress demand, increase the atractiveness of alternatives, increase domestic production (that is, accelerate depletion), and so on.

But look at the magnitude of that gap - reduce demand by 50% and it still swamps issues of domestic production, for example IMO in any sort of business case analysis anyone in their right mind would quickly disguard domestic production as a significant input into their decision making.

Something else, and a big something else, is going to have to change - or change us.