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On May 16, 6:18 am, "Matt Barrow"
wrote: NO, it's so much easier to pontificate "Public Service" BS like "share a ride", "ride your bike"... It's nice to have the advertising budget, too. Well, actually doing those things makes a significant difference too. Those of us who keep track of oil production and consumption figures know that people will cut consumption drastically if the price hurts enough. This was demonstrated quite handily after the Katrina related spike two years ago. People started riding busses, sharing rides and using more fuel efficient transportation. Consumption numbers dropped around 10% and the street price of a gallon of gas dipped below $2 shortly thereafter. Of course, with the price below $2/gal, people went right back to their old ways and consumption (and prices) went right back up. It's quite evident that we can cut back sigificantly when we have to. We just don't want to. BTW - If gas prices get you down, invest in the oil sector. It'll make you feel better. John Galban=====N4BQ (PA28-180) |
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![]() "John Galban" wrote in message s.com... On May 16, 6:18 am, "Matt Barrow" wrote: NO, it's so much easier to pontificate "Public Service" BS like "share a ride", "ride your bike"... It's nice to have the advertising budget, too. Well, actually doing those things makes a significant difference too. How much? During the late 70's, it's been estimated that conservation saved about 3-5% and the economic slowdown did the rest. Those of us who keep track of oil production and consumption figures know that people will cut consumption drastically if the price hurts enough. Really? What an insight! You have inside information on the law of supply and demand? :~) This was demonstrated quite handily after the Katrina related spike two years ago. People started riding busses, sharing rides and using more fuel efficient transportation. Consumption numbers dropped around 10% and the street price of a gallon of gas dipped below $2 shortly thereafter. And the ecomomic slowdown did...what, to the numbers? BTW, I'm certainly not saying conservation isn't a good idea. But, like alternative sources of power, they're insignificant. And yes, gunning a 3/4 ton pickup truck away from a green light is STOOPID. Of course, with the price below $2/gal, people went right back to their old ways and consumption (and prices) went right back up. Prices went down when the production facilities came back online; they went back up only after the world market price went up and a couple of our way-too-few facilities had to be brought down for service. Geez... UpChuck Schumer and his crackheaded cohorts must love people that came come up with such fluff. It's quite evident that we can cut back sigificantly when we have to. We just don't want to. BTW - If gas prices get you down, invest in the oil sector. It'll make you feel better. I'd rather get FAT ASSED GOVERNMENT TYPES TO QUIT SITTING ON THEIR BRAINS. I'd also want them to quit f*ck*ng with traffic light to garner revenue and also to quit KILLING PEOPLE in doing so. Maybe some people would rather just kiss the government peepee. -- Matt Barrow Performace Homes, LLC. Colorado Springs, CO |
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Matt Barrow wrote:
Of course, with the price below $2/gal, people went right back to their old ways and consumption (and prices) went right back up. Prices went down when the production facilities came back online; they went back up only after the world market price went up and a couple of our way-too-few facilities had to be brought down for service. In Dec. of '05, 25% of the production facilities in the gulf region were still offline when the prices dropped into the $2/gal. range. Domestic consumption dropped drastically in Sept. and Oct. and were well below normal in Dec, hence the price. John Galban=====N4BQ (PA28-180) -- Message posted via AviationKB.com http://www.aviationkb.com/Uwe/Forums...ation/200705/1 |
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![]() "JGalban via AviationKB.com" u32749@uwe wrote in message news:7253c73daad31@uwe... Matt Barrow wrote: Of course, with the price below $2/gal, people went right back to their old ways and consumption (and prices) went right back up. Prices went down when the production facilities came back online; they went back up only after the world market price went up and a couple of our way-too-few facilities had to be brought down for service. In Dec. of '05, 25% of the production facilities in the gulf region were still offline when the prices dropped into the $2/gal. range. Domestic consumption dropped drastically in Sept. and Oct. and were well below normal in Dec, hence the price. World market price was...what? Winter weather forcecast was...what? Try to keep more than two facets in mind at the same time. |
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On May 17, 8:00 pm, "Matt Barrow"
wrote: Try to keep more than two facets in mind at the same time I do. I pay for a lot of data about this sector. I was merely responding to your (single) data point that gulf production had recovered. It had not. John Galban=====N4BQ (PA281-180) |
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![]() "John Galban" wrote in message ups.com... On May 17, 8:00 pm, "Matt Barrow" wrote: Try to keep more than two facets in mind at the same time I do. I pay for a lot of data about this sector. I was merely responding to your (single) data point that gulf production had recovered. It had not. I didn't say it had recovered. Not entirely, but it recoved most of what it had lost. Are you saying the lost of Guld production facilities was not a factor in price increases? Further, are you saying that mere _conservation_ caused the prices to decline back towards $2 a gallon? You're looking at data points, not overall causation. What was the world market price of oil? You still haven't answered that question. Also, how much more processed fuel was imported compared to raw petroleum? |
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On May 16, 4:08 pm, John Galban wrote:
On May 16, 6:18 am, "Matt Barrow" wrote: NO, it's so much easier to pontificate "Public Service" BS like "share a ride", "ride your bike"... It's nice to have the advertising budget, too. Well, actually doing those things makes a significant difference too. Those of us who keep track of oil production and consumption figures know that people will cut consumption drastically if the price hurts enough. This was demonstrated quite handily after the Katrina related spike two years ago. People started riding busses, sharing rides and using more fuel efficient transportation. Consumption numbers dropped around 10% and the street price of a gallon of gas dipped below $2 shortly thereafter. Today the elasticity of auto gas is very, very inelastic. Many suggest that that would not change until we top $5/gal for unleaded. -Robert |
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