"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
The demand aspect, will be just like before, with the price of gas up (say we can get it to hold at 3 dollars per gal) that is still expensive for working people. So they will once again do what was done before. Find cars that get better gas mileage and that will help reduce demand. It common knowledge and common sense. Gas goes up, the auto industry changes to smaller more efficient cars gas drops and you see more luxury autos on the road .
Lets move on to the so called destruction of land, maybe in the distance past this happened, I have 80 acres in Michigan, it has two gas wells on it, each one takes up less then an opened area of about 500 X 500 feet and is very well maintained the small building and fence around it as less then 50 X 50 feet.
The days of destruction of property is long since passed.
What I am saying, is that we have untapped resources here, we need jobs NOWÖ tapping those resources produces jobs, more oil on the marketplace is going to stabilize or reduce the price to some degree. I see nothing bad with any of those things Ö. Do you ?
At the same time I agree, we canít stop looking for that alternative source of energy that will eventually replace gas. We canít take our eye off that goal .. I donít think we have found it yet. The electric car isnít going to be the answer, as a 2nd car that is used around town , itís suitable, beyond that itís just not practicable .
Gas at nearly 4 dollars per gal and rising, only hurts the middle class people, it hurts not only at the pump, but every time they go to the grocery store. Iím not doing anything here but arguing that we should be doing all we can to help those most effected by the high price of gas. Personally I donít give a flying f**k if the oil companies make another few billion dollars a year or not. What I do care about is helping people in these trying times. Lowering gas prices helps them, more good paying jobs helps them, less importing of oil helps our country. I just find it hard to find enough negatives to not be tapping the resources that we have .
"There is a lot of talk coming from CitiGroup about how Dodd-Frank isn't perfect, So let me say this to anyone listening at Citi óI agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces." -- Elizabeth Warren
Of course you can always volunteer to pay $4 a liter for gas but I don.t know what good it would do.