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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (920)	8/22/2001 11:13:34 PM
From: Zeuspaul	Read Replies (1) \| Respond to of 1715

Markets allowed to function will insure energy for all forever. That's a bit of wishful thinking. The oil market does not adequately reflect the cost of oil. War and climate change can incorporate costs far in excess of existing market rates. The market takes a very short term view of supply and demand. Economic costs resulting from drastic market moves can be devastating...witness a server farm in a black out. Why should we suffer significant economic pain when it isn't necessary? Market short comings can be mitigated with a little common sense. Free markets provide replacements as they are necessary and as a result there will always be oil A market generated replacement may be totally unacceptable. Markets do not consider the environment and world politics. Your free market only exists in a text book. The replacement will not be born of the market. Government and private research and development will generate the replacement. The market will function as a means of distribution. Zeuspaul