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Politics : View from the Center and Left

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To: Dale Baker who wrote (17231)	4/27/2006 9:14:34 AM
From: Dennis O'Bell	Read Replies (1) of 541385

The rationing will happen by price rather than fixed allocations. It could play out in such an orderly manner if the crunch comes gradually enough. I fear that this won't be the case. I was around for the 1973 gas crisis, and there simply wasn't enough to go around. This is the situation I actually anticipate, and I should have named it "gas shortages". The interesting question is James Kunstler's views about how the modern suburbs are completely unprepared for that reality. This argues for it not being an "orderly" market driven process. Will there be enough discretionary driving that elimination of that alone will suffice ? Again, I think the risk is very high that this won't be the case. It'll probably start with periods of gas shortages which may end after some period, etc...

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