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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (2752)	6/27/2003 1:47:10 AM
From: GraceZ	Respond to of 4907

You know what I'm thinking now? Judging from what you wrote in that post to me, either you didn't read what I wrote or you didn't understand what I wrote because what you claimed I said wasn't my point at all. There is "too much" of it??? IMO there is just the right amount at all times :) Too much of it to ever get expensive enough to force people to use the current alternatives. When it goes up in price people cut demand or employ more efficient applications. After the oil shocks in the 70s oil consumption in the US peaked in 1978 and the US didn't come back up to that level of consumption until 1997, almost twenty years later. I can assure you that the number of cars, houses, airplanes and people steadily increased during that time. People switched to cars and appliances with higher efficiency (and lots of switching over to nat gas) which put oil prices into a funk that didn't really bottom until 1998.