T
The Wogster
Guest
Peter Cole wrote:
> The Wogster wrote:
>
>> Peter Cole wrote:
>>
>>>
>>> Maybe a more effective long-term solution to the transfer of wealth
>>> problem is to control the market price of oil, rather than its supply
>>> or the regime that owns it.
>>
>>
>>
>> The only effective long term solution to the transfer of wealth
>> problem, is to reduce dependance on oil. It's all supply and demand,
>> when the supply is effectively a constant, as demand increases, prices
>> go up, if the demand decreases, prices go down.
>
>
> Perhaps, but the supply is pretty much regulated by OPEC to keep the
> prices where they want. While we could lower our consumption, maybe even
> significantly, but we don't control the other consumers.
>
> Arab oil supposedly costs $3-5 a barrel to produce, so everything over
> that goes into somebody's bank account. If the consumers could form a
> buyer's cartel perhaps the price could be negotiated closer to the cost
> of production. Our government could control consumption with taxes, the
> extra money would stay in our pocket.
Suppose, just suppose, consumers, decided that they would reduce oil
consumption, say switching to a small car with a tiny engine. Reducing
the number of car based trips, maybe by biking or walking, to the store,
maybe taking the bus to work, say twice a week. If every American
decided to do this, it would have 100 times as much effect as going to
war to guarantee supply. Because it would reduce the need for supply,
and demand is half the equation in supply versus demand.
Thinking I might vote for the Green Party in the coming election......
W
> The Wogster wrote:
>
>> Peter Cole wrote:
>>
>>>
>>> Maybe a more effective long-term solution to the transfer of wealth
>>> problem is to control the market price of oil, rather than its supply
>>> or the regime that owns it.
>>
>>
>>
>> The only effective long term solution to the transfer of wealth
>> problem, is to reduce dependance on oil. It's all supply and demand,
>> when the supply is effectively a constant, as demand increases, prices
>> go up, if the demand decreases, prices go down.
>
>
> Perhaps, but the supply is pretty much regulated by OPEC to keep the
> prices where they want. While we could lower our consumption, maybe even
> significantly, but we don't control the other consumers.
>
> Arab oil supposedly costs $3-5 a barrel to produce, so everything over
> that goes into somebody's bank account. If the consumers could form a
> buyer's cartel perhaps the price could be negotiated closer to the cost
> of production. Our government could control consumption with taxes, the
> extra money would stay in our pocket.
Suppose, just suppose, consumers, decided that they would reduce oil
consumption, say switching to a small car with a tiny engine. Reducing
the number of car based trips, maybe by biking or walking, to the store,
maybe taking the bus to work, say twice a week. If every American
decided to do this, it would have 100 times as much effect as going to
war to guarantee supply. Because it would reduce the need for supply,
and demand is half the equation in supply versus demand.
Thinking I might vote for the Green Party in the coming election......
W