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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (227238)	3/30/2005 9:25:36 PM
From: TimF	Respond to of 1573782

Tim, a reduction of 10% in consumption could at least cause a major ripple in oil prices. If it happened all at once yes. But you wouldn't be getting 10% less oil user world wide, you wouldn't be getting 10% less oil use in the US. You would be getting 10% less gasoline use in the US. Multiply that by the fraction of the oil that we use that gets used as gasoline and you get the % of oil reduction. Still should be enough to lower prices, except it happens over a number of years, perhaps decades, and in the mean time our oil demand might go up for other reasons and our domestic production will probably go down. Tim