Monday, May 15, 2006

In a pinch (Gas)


In a pinch (What hurts us only makes us stronger)

When the price of gasoline gets to the point that consumers will not pay for it (lower demand), oil-producing countries will have to reduce the price or exploit another market, like China. Supply and demand, pure and simple.

If the cost of oil remains high (and supply low due in part to oil-field nationalization), energy companies will have to develop alternative fuel sources to survive.

The same holds true with car manufacturers. If demand for fuel-inefficient vehicles drops, then alternative-fuel vehicles will have to be developed.

Cutting our dependence on the unstable governments of oil-producing countries by not buying their oil is vital. We have an opportunity now to make huge changes that should have been made in the '70s.

Change only follows pain. In this case, our pain is higher gas prices. Bring it on!

— Bob Russell, Woodinville

No comments: