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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (17792)9/12/2000 10:54:35 PM
From: Don Lloyd  Read Replies (1) of 436258
 
patron -

[...11)Prices throughout the energy complex explode when it becomes apparent that this energy crisis "really IS different this time". It is a crisis of demand exceeding WORLDWIDE supply, for the first time in modern world history.

Thus, the Supply curve, (now rendered inelastic by inaction and regulation) and Demand curve (elevated by booming markets and unrestrained economic growth) are set on an inexorable collision course. Hype? I don't think so, sir!!!]

Great post.

The only obvious things you left out were that it is the long held policy of the administration to force high gasoline prices, subject only to the danger of the loss of political support, and that the EPA insists that every city get its own specific form of gasoline, with the smell specifically tailored to either mask or match the stench of its Democratic mayor, as desired.

Regards, Don
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