Judah wrote:
Jay Honeck wrote in
ups.com:


An increase of production of alternatives would only stand to drive the
price of oil even further up, based on the law of supply and demand...

This sounds backwards. Explain, please.


It's a monopolistic situation, driven by factors other than a free market,
so it works backwards.

If fewer people are buying oil, the oil companies need to increase their
price to the market in order to keep revenues and profit margins up. They
are public companies with market expectations, which further drives the
need for increased prices.


Complete and utter hogwash. One merely has to watch the market reports
and every time there is a down trend in demand or an uptick in supply
the price drops. If all our cars suddenly got 10 mpg more the price of
oil and therefore gas would plummet.




If you don't believe me, why don't you own a Prius?

Why waste money on that overpriced roller skate when you can spend less
and get better gas mileage?