aluckyguess wrote:

There are a lot of other fuels. We have enough CNG for 200 plus years.
Can't put CNG in an airplane. Not too convenient for cars / trucks
either (but do-able). Want to see the price of NG run up something
crazy -- start doing this.
We have enough oil in alaska to bring gas back to 1.50.
Absolutely false. We have enough in alaska to make almost no
perceptible difference in price should we engage in a full-court press
to get it.



It's supply and demand. Specifically, the short-run (in) elasticity of
supply and demand. I think the long-run elasticity of both will
surprise most everybody -- meaning that oil prices are going to go down
way more than most expect. In my opinion, this will happen over t+2 to
t+5 years from now. But that's just my opinion.

Oh yeah, commentary in this thread about the dollar and its impact is
compounding the issue. Speculators are not. Just my $145.

T