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#21
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The price of av gas
"Blueskies" wrote in
: "aluckyguess" wrote in message ... http://video.google.com/videoplay?do...74697167011147 yuk yuk yuk... I loved the audience.. Bertie |
#22
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The price of av gas
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 |
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