Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: riskyinvesting who wrote (129144)	3/10/2010 5:45:19 PM
From: Bearcatbob	Respond to of 206093

"Markets tend to work if you let them. It doesn’t mean higher prices don’t cause somewhat lower living standards in the short run. Think of the most basic economic analysis. Any time the price of a product you are buying goes up you are worse off. However, the substitution effect helps mitigate the negative income effect. " What a novel idea - allowing markets to work. I wonder it is not considered as an option?

To: riskyinvesting who wrote (129144)	3/10/2010 6:34:26 PM
From: Sweet Ol	1 Recommendation Read Replies (2) \| Respond to of 206093

Risky, in general I agree with most of what you said. However, let us not confuse peak oil with an abrupt end of the world as we know it. Things will change and in the short term they will be dramatic, but only when oil prices stay really high for an extended time will ingenuity and economics begin to make the alternatives viable. Long term, necessity is the mother of invention. But, short term no one is seriously planning for the problems to come. Blessings, JRH