OT - Gas I gasped!

[Conrad Hoffsommer]

Mark Schecter wrote:

> Conrad Hoffsommer wrote:

>> TANSTAAFL, but politicians never will understand that.

> Sorry, but I don't understand that either.          uh oh. 
> -Mark


TANSTAAFL - There Ain't No Such Thing As A Free Lunch.


> I'm hardly an economist, but I think the way it would actually work is that the cost of ELECTRICITY would go up, if anything. Look at the seasonal (driving/flying vacation/holiday time) gas price increases.
> 
> Costs (prices, actually) go UP when the producer's ability to produce product exceeds demand. 
Since the oil companies are having a harder and harder time finding dead 
dinosaurs to exploit,

UP? 'Splain.

Ecology minded people have succeeded in preventing ANY exploration off 
85% of our coastline, and environmental impact statements, etc. have 
likewise prevented any new refineries/reactors/hydrodams, even windfarms.
NIMBY* quasi-environmentalists, like Ted Kennedy, have spouted support 
of such "free" power sources like wind, but not anywhere which would 
ruin any of his view. (*Not In My Back Yard)
There are more caribou on the north slope of Alaska now than before the 
pipeline was built (I've been there and seen them), but a large, proven 
reserve of oil would be on line now if it weren't for ill-informed 
citizenry and their activists.

  and since they don't want to "invest" their windfall profits in 
building more refineries,

see above

we have rising prices at the pump. The reason we're using so much is 
that we WASTE a lot. A LOT. (I tried to detail a few simple examples in 
a previous post on this thread.)

> When/if a significant transition to electrically-powered cars comes about, gee, what will big oil do? Those poor investors (including some Supreme Court Justices) won't be able to share their windfall profits. They'll have to start building, hmmm, oil-fired electricity generating plants.
> Paul Bruesch

I assume by that that you don't have a diversified retirement plan. 
Otherwise, you'd realize that those rich investors are YOU, since most 
have petro-chemical components.


-- 
Conrad Hoffsommer - bicyclist and driver of 30+MPG cars since 1963.
...and walking home in about 2 minutes.