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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (140819)12/6/2001 1:01:56 PM
From: TimF  Read Replies (2) of 1586091
 
He made several points but the one that stands out is that by increasing the EPA rating by 2-3 miles per gallon would pretty much eliminate the need for oil from the ANWR.

That doesn't make much sense if we reduce usage by the amount of oil that we would get from ANWR then the ANWR supply would still be useful. Supply and demand are not fixed. ANWR isn't used to meet some unfilled shortage. Such a shortage won't exist. If demand is more then supply at a particular price then the price will rise until they are in balance. More supply helps keep the price down. There is no set amount of need that can be filled by ANWR or by 3mpg reduction of fuel usage by cars. There is only benefits from increasing supply and costs (economic, environmental or whatever) to increase the supply.

Tim
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