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Politics : Formerly About Advanced Micro Devices

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To: neolib who wrote (228974)	4/12/2005 6:02:18 PM
From: i-node	Read Replies (2) of 1572854

>>> Once price pushes the bulk of consumers past the hysteresis step, then demand changes. It is generally not the nice smooth curve they show in economics textbooks. Exactly. I'm convinced that $6/gallon gas will get people off their butts toward conservation. We recently bought a new car for my wife, who was keenly interested in a hybrid, as was I. But when we looked at the economics of it, it simply didn't make sense. Obviously, as purchases ramp up economies of scale will take over and bring prices down a bit. But ultimately, the price of gas is going to be most influential I believe. While I think government can and should promote conservation of energy, no amount of government intervention will do what a good pop is gas prices will. The "government should make conservation happen" crowd should take a look at the late 70s and early 80s, when we had such initiatives as the "Residential Energy Credit" -- nice, but a tiny fraction of 1% of taxpayers purchased qualifying assets -- and I'd wager these were influenced less by the credit and more by their own conservationist attitudes.

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