Obviously the price hasn't been derived from supply and demand, as other prices are. I believe that's why people are angry. If bananas suddenly became $50 a bunch, then people would stop buying bananas. Eventually, the price would come down when the bananas were rotting in piles. However, we can live without bananas. Currently, we can't live without oil. We are dependent on it for too many things. There's no way we can stop buying it. We need to pave our roads, heat our homes, fuel our automobiles. We're emotional because we're frustrated.
That's why the answer is not more drilling. It's not more oil. We have no choice but to bring alternative fuels to the marketplace and make them readily affordable to the average consumer. I believe that our future depends on it.
True enough. But bringing alternative fuels to market in sufficient quantities to satisfy demand will take years. Don't forget that to develop, market, and distribute alternative fuels takes infrastructure, transportation, and investment. Of course, it also takes machines and vehicles et al that can utilize those alternative fuels.
"Generosity. That was my first mistake." "Experience must be our only guide; reason may mislead us." "Instagram is Twitter for people who can't read."
