Either of you care to explain how the price of oil and gas has gone up 100% between 2007 and 2008 on a 1.2% increase in demand as pointed out in post 104?
Are you actually going to try and tell me, with a straight face, that a 1.2% increase in demand warrants a 100% increase in price.
It’s a market traded item, the price fluctuates. For most of the 90s it was probably under priced, and now it’s over priced. Look at how the price of gold has changed in the last few years with absolutely no change in supply or demand.
What I’m telling you is that your “fix” is silly and dangerous. Because it is.
What I’m telling you is the price is set at a price to keep gas in the tanks of service stations for us to buy. If they were to drop the price say a dollar with the same amount of supplies they have now what would happen? You and I and everyone else would drive more right. Probably much more. So what would be the results with out increasing supplies? I will repeat what I said on the last post. You would have to stand in long lines for hours to buy the gas or we could ration gas. Hey, I don’t like any of the choices but thats what we are going to live with as long as congress does not allow new areas to be drilled in our country. No short term solutions.