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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (426908)7/14/2003 4:49:30 PM
From: miraje  Read Replies (1) | Respond to of 769670
 
Duray,

IMO, if there were a top five radical crackpot list for SI posters, you'd be right up near the top. Take that as a compliment, if you wish. :) Once in a blue moon, I actually agree with something you postulate.

However, back to economics (which seems to be one of your blind spots). Consumers choose is the key word. That's how the market works (jeez, capitalism for dummies). If I can afford to drive a vehicle that gets 10 MPG and I choose to do so or not, that's my business. If I can't afford to, or choose not to drive such a vehicle, I'll find a more economical alternative.

I've posted sources on this thread in the last few days detailing the vast amounts of hydrocarbon reserves that can satisfy the worlds energy needs for centuries to come. These reserves will be tapped when it becomes economically viable to do so. The technology exists today for extraction.

If "excessive consumption" leads to higher prices, the market will respond by developing more product. That's the way that free markets work (and it's also why cartels such as OPEC are ultimately doomed to failure). Alternative energy sources will always exist, at the right price.

I trust capitalism and free markets. I don't trust governments. One is fundamentally benign and the other coercive. The nature of the beast.