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

To: TimF who wrote (337302)	5/11/2007 8:46:55 PM
From: Road Walker	Read Replies (1) \| Respond to of 1574928

re: They only take over as they become more cost effective at the margin. It won't be one day (or year or even decade) where where almost 100% oil, and the next with us using almost 100% alternatives. Yeah? Take a look at this chart and what has happened to the price of oil in the last 8 years. futures.tradingcharts.com Up 350% in 8 years. Oil trades at the margin of supply and demand. The US uses 25% of supply. Even a significant commitment to alternate energy and efficiency would reduce the risk factor and the price (both from the raw material and refining constraints). As demand decreased, even slightly, the price would go way down. It's the way the markets work... it's sort of the reverse of (your support of) gouging.