To: TimF who wrote (27688 ) 8/6/2008 4:55:44 PM From: axial Read Replies (1) | Respond to Hi Tim -"Oil won't get that expensive (esp. in real terms) over night, or in a year or two. It will become more expensive over time." guarantee there won't be cataclysmic events in the Middle East? Disregarding unpredictable and disruptive events, at some point oil will cost $500/bbl. That's predictable and certain, and that's what was stated."Letting the market adjust mostly by itself, will be slower than throwing around massive subsidies, but that's a feature not a bug." "... adjust mostly by itself..." - as opposed to completely by itself?"Slower is less expensive (even with the transportation cost going up, and even before considering time value of money), and its more likely to result in a superior result than a rushed, massively subsidized, crash effort." "Bad ideas can be weeded out by small pilot projects or even before they reach that level. Market discipline works better at weeding out bad ideas for energy production, than the political process. For so many reasons, relatively slow, and market based, is better than heavily subsidized and rushed."
