Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (3952)	11/1/2006 12:49:24 PM
From: TimF	Respond to of 10087

Now, at 200, the lights will go back on, cuz we've satisfied the demand. Of course not, but at $200 you've reduced the rate oil gets used up, and increased the viability of alternatives, and of heavy investment in efficiency and conservation. People respond to price signals. Not reducing demand, just reducing th next poor country's ability to buy. Reducing the next poor countries ability to buy is reducing demand. Its not reducing desire for oil, but desire and demand are not the same thing. Demand has a specific meaning in economics. I don't exert any noticeably demand on the market for Porsches and Ferraris despite the fact that I would kind of like having one. I can't afford one. But I still have a car. As prices go up, people adjust. They don't keep trying to do the same thing until it becomes impossible, and then endlessly suffer without further change.