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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (1518)8/12/2008 10:54:26 PM
From: J_F_Shepard  Read Replies (2) | Respond to of 86355
 
I believe I read 90 billion miles less than last year, 10 billion in May alone. Assuming 20 mpg....

Works out to 112,500 000 barrels of gas saved....Can ANWR do that well? 10 billion miles....that's 208,000 barrels a day...

"You need to take an econ course and learn about price elasticity."

Put some numbers around your mouth...



To: Brumar89 who wrote (1518)8/13/2008 2:45:18 PM
From: J_F_Shepard  Read Replies (1) | Respond to of 86355
 
"In the meantime, consider that the gasoline price increase in the US over the last year has caused consumers to reduce their demand by about 3-4%. The change in price was a lot bigger than the change in demand you'll note."

Our local price dropped 15 cents and in the last few days another 5 cents.....0.15/4.00 = 3.75% Is this a lot bigger than change in demand????


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