[SFU2236]

In a nutshell, for people who don't understand much about economics and business, I decided to write this 5 page document summing up reasons why the price of gas is so high, its affect on the economy, and a decent yet ambitious way to fix it.


I encourage you to spread this document to other forums, or even to send them to your congressmen. I do not use big numbers, and I did not write a 200 page thesis, in order for it to be easy to read and understand.

It's in a Microsoft word .doc 97-2003 format:


{edit: create a PDF file please, you aren't authorized to post documents. see MD@PEAKOIL.COM with questions, thanks!}

[Starvid]

I can write it even shorter: high prices is the market's way of telling you that you use too much. Use less and prices will go down.

[SFU2236]

If you read it, you'd understand elasticity

Meaning that oil is a necessity. If people stopped driving, it would cause a major economic downfall worldwide. If trucks stop moving, every retail store would go out of business. If you didn't drive, we wouldn't have corporate CEOs and we wouldn't have people coming in to work.

Not driving is not the solution, it's an over-simplistic idea which people come up with while failing to review the consequences.

[MonteQuest]

$this->bbcode_second_pass_quote('SFU2236', 'I')f you read it, you'd understand elasticity

Meaning that oil is a necessity. If people stopped driving, it would cause a major economic downfall worldwide. If trucks stop moving, every retail store would go out of business. If you didn't drive, we wouldn't have corporate CEOs and we wouldn't have people coming in to work.

Not driving is not the solution, it's an over-simplistic idea which people come up with while failing to review the consequences.

[Starvid]

I do know what elasticity is. I did study economics before I decided to switch to engineering.

I also remember that elasticity is not a fixed value. It is different over different periods of time.

[Cashmere]

SFU - we've got it figured out here, no worries.

I'll keep it short for you.

World production of oil is now dropping faster than demand.

Prices therefore go up.

There are no alternatives to oil.

That's it.

No 5 pages needed.

By the way, you're missing a "T" in your letters.

[SFU2236]

$this->bbcode_second_pass_quote('Starvid', 'I') do know what elasticity is. I did study economics before I decided to switch to engineering.

I also remember that elasticity is not a fixed value. It is different over different periods of time.

[SFU2236]

$this->bbcode_second_pass_quote('Cashmere', 'S')FU - we've got it figured out here, no worries.

I'll keep it short for you.

World production of oil is now dropping faster than demand.

Prices therefore go up.

There are no alternatives to oil.

That's it.

No 5 pages needed.

By the way, you're missing a "T" in your letters.

[basil_hayden]

$this->bbcode_second_pass_quote('SFU2236', '')$this->bbcode_second_pass_quote('Cashmere', 'S')FU - we've got it figured out here, no worries.

I'll keep it short for you.

World production of oil is now dropping faster than demand.

Prices therefore go up.

There are no alternatives to oil.

That's it.

No 5 pages needed.

By the way, you're missing a "T" in your letters.

[nero]

SFU,

I admit I haven't read the link but what you have posted here doesn't encourage me to do so. The oil companies are storing large quantities of oil? Got any proof for that? It's not showing up in the reporting to the EIA.

[HEADER_RACK]

I love these kinds of threads. Somebody is gonna get schooled. Hope you hang around SFU this should be fun.

[SFU2236]

$this->bbcode_second_pass_quote('nero', 'S')FU,

I admit I haven't read the link but what you have posted here doesn't encourage me to do so. The oil companies are storing large quantities of oil? Got any proof for that? It's not showing up in the reporting to the EIA.

[Cashmere]

SFU, the blunt truth of it is that you're clueless.

You got some economics learning somewhere along the way, and you adopted some text book theory on such and such.

Let's end this debate right now, shall we?

All but a few of us on this site believe that oil has peaked or is peaking.

But you don't right?

So we're not interested in your economic textbook theories, because your theories don't account for the critical fact that <i><b>we're running out of oil</i></b>.

Your books never told you what happens when the world's most important energy source, which is not fungible, goes into permanent depletion.

You see?

So, to us, you're just some guy who wandered in here lacking the critical piece of information who is trying to show us all how to bang a square peg in a round hole.

If you don't believe in Peak Oil now, then state that and we'll debate you on that.

But if you don't agree that Peak Oil has occurred or is about to occur, then there is no use for us to discuss your theory with you.

Why?

Because, if you're correct that Peak Oil is a long way off and there's plenty of oil around, then we'd probably agree with you.

Get it?

[Homesteader]

$this->bbcode_second_pass_quote('Cashmere', '
')
By the way, you're missing a "T" in your letters.

[Jack]

Folks - beware.

This is a download, apparently of a Word document.

It may have malicious macros embedded. It may have images or links that facilitate tracking who and where you are.

SFU2236, I invite you to tell us why you created such a document instead of providing a web page.

[MonteQuest]

$this->bbcode_second_pass_quote('SFU2236', ' ')Knowing that the oil companies have no competition but themselves, they follow each others trends. One raises price, the others ensue, because if they didn't would mean suicide.

[green_achers]

$this->bbcode_second_pass_quote('SFU2236', '.').. why the price of gas is so high, its affect on the economy, and a decent yet ambitious way to fix it.

...

[Wren]

$this->bbcode_second_pass_quote('Cashmere', 'S')FU, the blunt truth of it is that you're clueless.

You got some economics learning somewhere along the way, and you adopted some text book theory on such and such.

Let's end this debate right now, shall we?

All but a few of us on this site believe that oil has peaked or is peaking.

But you don't right?

So we're not interested in your economic textbook theories, because your theories don't account for the critical fact that <i><b>we're running out of oil</i></b>.

[ROCKMAN]

SFU2236,

Many of your points are well taken even though we view some matters differently. But to your point regarding "intervention": given that the great majority of crude sold in the world is owned by NOC's exactly what sort of intervention would you offer to force the KSA, Nigeria, et al to reduce the price structure?

[Homesteader]

$this->bbcode_second_pass_quote('Jack', 'F')olks - beware.

This is a download, apparently of a Word document.

It may have malicious macros embedded. It may have images or links that facilitate tracking who and where you are.

SFU2236, I invite you to tell us why you created such a document instead of providing a web page.