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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (271440)2/2/2006 7:50:38 PM
From: Road Walker  Read Replies (2) of 1575052
 
re: Actually, even if the US came up with the most stringent conservation plan in its history, oil prices would not change much.

I disagree completely. Remember it's a commodity market trading on the knifes edge. Right now the assumption is that with the Bush admin, and with the 25% of world consumption, the burn is guaranteed to continue to rise. It's priced into the market.

A REAL effective conservation (efficiency) program in the US would drop oil prices 20% in a week; 40-50% in a year. When you are dealing with a commodity at the margin, the difference between oversupply and under supply makes a world of difference.

You certainly don't have to worry about you energy investments right now... but you ought to pay attention in case the wind direction changes.
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