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#11
June 19th 08, 02:03 PM
posted to rec.aviation.piloting
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PHIL BOYER: 40% OF AOPA MEMBERS ARE SIGNIFICANTLY DECREASING THEIR FLYING DUE TO FUEL PRICES
On 2008-06-19, Dylan Smith wrote:
But suppose you exploit every single oil reserve, the oil will *still* be traded on the global market (because oil companies quite naturally want to maximise profits). So tear up all environmental regulations, exploit all the oil - and oil prices will hardly move, since it'll still all go on the global market and global conditions won't have changed. Gasoline will still ultimately hit $10/gallon if that's what it's going to do. You're ignoring the most basic of all market forces: supply and demand. Supply goes up, prices go down, no matter where things are bought or sold. It's that simple. -- Jay Maynard, K5ZC http://www.conmicro.com http://jmaynard.livejournal.com http://www.tronguy.net Fairmont, MN (FRM) (Yes, that's me!) AMD Zodiac CH601XLi N55ZC (got it!) 
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