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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (70402)	6/2/2008 11:18:32 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 541457

Nobody who wants to buy it is having to go without. Thus, your analogy doesn't apply --- Not true, IMO. energyshortage.org

To: Cogito who wrote (70402)	6/5/2008 9:35:39 PM
From: TimF	Respond to of 541457

There isn't a shortage, because of the price increase. The price increase causes marginal producers to ramp up what production they can (in many cases not a lot but every little bit helps), and creates and incentive to control usage. If you don't have a lot of extra supply on tap, and if people aren't prone to quickly change their habits for even slight increases, than you can need a very large increase in price to bring supply and demand in to balance. Prices going up a lot more than the percentage increase in demand, when supply can not quickly be increased isn't at all unusual. You don't need an absolute shortage like in the life boat where no matter how much you are willing to pay you can't get an extra life jacket, just a relative inflexibility in supply and/or demand.