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

To: TimF who wrote (330732)	3/29/2007 9:17:30 AM
From: Road Walker	Read Replies (2) \| Respond to of 1576241

re: You don't need rationing for a 25% reduction in supply. Just a large price increase. Well technically it could be considered rationing by price, but you don't need government gas coupons. You wouldn't have to decide "move the food" or "move the military" (and you wouldn't even with explicit rationing), you would just have to pay maybe $10 a gallon short term (declining as people adjust, but remaining well above the current price) to move the food or move the military or move anything else using gasoline or diesel. So you believe >25% of driving is discretionary? I doubt it, but let's assume it is. What would happen to the economy if all discretionary driving was eliminated? Off the top of my head, the tourist industry, the trips to the mall, going out to dinner or movies... what would happen to employment in these (and many, many other) businesses? Gasoline is the lifeblood of our economy, and ultimately it's not under our control.