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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: CalculatedRisk who wrote (21588)1/17/2005 4:58:23 PM
From: Rutgers  Read Replies (2) of 116555
 
re: price elasticity of gasoline

IMO, for first time in United States history, I think the strangehold of gas is looking less serious on a longer term basis as alternative fuels are making significant and real progress. As point of fact, have you seen the # of hybrids currently offered by various mfrs? They even offer SUVs and Pickups. Unlike the first electric cars purchased by Hollywood actresses, I think Johnny and Jane Public will purchase enuf of these to make them profitable. Moreover, with California, New York and a few others, hydogen/fuel cells modal of transportation is probably less than 10 years from reality. In short, I d/n think we'll see a repeat of the long gas lines from '73-74.
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