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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (714)	6/7/2005 11:37:43 AM
From: Triffin	Read Replies (2) \| Respond to of 1183

I pretty much agree that we need high gas taxes. This would make people drive less or more efficient cars. Alternatively (which is done to some extent), put a high tax on the gas guzzlers. I see this argument all the time and I just don't get it .. Transportation fuel demand is pretty inelastic .. Why must we put the burden on the consumer ??? I don't build my own vehicles nor does anyone else that I'm aware of .. I never asked Detroit to produce/sell inefficient gas guzzling trucks disguised as SUVs .. If you want to punish someone .. punish the manufacturers Raise the CAFE standards .. provide an incentive to consumers to upgrade to more efficient transport .. Stop filling the SPR .. EVs anyone ?? The free market will set the appropriate price for the fuels and subsequent demand destruction naturally .. Triff ..

To: Jurgis Bekepuris who wrote (714)	6/7/2005 12:48:39 PM
From: kryptonic6	Read Replies (1) \| Respond to of 1183

Any substantiation to this point or is this another of gloomy "I believes"? In the 1970's, a 5% shortage led to half-mile long gas lines and to a point where an estimated 20% of gas stations had NO fuel to dispense. After global production peaks, we'll be dealing with a roughly 2% production decline per annum. What leads you to "believe" that catastrophic oil shortages will play out differently today than they did in the 1970's, especially considering there are no swing producers that can offset decline this time (and that the coming oil shortages will be permanent)? Jesse