When the use of alternative sources of fuel rises enough to be competitive, the lack of demand for gasoline will force the price fall.
But then, if and when that happens, it will be the price of the alternative fuels that people will complain about.
And it will be the oil companies that own those fuels. They now claim to be in the oil and gas business as the reason they are not interested in alternative fuel sources.
But they are actually in the profit business and will buy controll of whatever fuel sources are the most profitable.
BP is already advertising such diversity.
HillbillyBill
of TN
@
Sep 24, 2008 08:05:10 AM
Everyone is talking..
..about high gas prices, but when will we stop them and how? Why is it that no one is talking about how to fix the problem instead of theorizing about how high they will get?
of
@
Sep 23, 2008 17:29:56 PM
Politics & Speculation
Both often have as much influence on the price in commodities trading as supply/demand.
But these influences are temporary and the ultimate determinate is supply/demand.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
HillbillyBill of TN @ Sep 24, 2008 08:05:10 AM
of @ Sep 23, 2008 17:29:56 PM
HillbillyBill of TN @ Sep 23, 2008 15:51:00 PM
Back to blog