[Vision2020] [Bulk] The Cost of Gas Locally

[Paul Rumelhart]

I've read that oil speculation is supposedly a good thing, because it 
evens out the transitions.  Basically, the price goes up faster than it 
normally would, but over a longer period of time.  Instead of cruising 
along until the supply runs out and you hit a spike, you will have a 
smoother curve up to that point.  This will, hopefully, provide the 
impetus to change over to other energy sources in time to meet the need.

I'm not an economist.  Maybe someone who knows more about this can 
address this?

Paul

Tom Hansen wrote:
> It is now $4.15 per gallon of regular gas at the Conoco on Hwy. 95 on the 
> south edge of town.
>
> Crude oil closed yesterday at $143.77 a barrel.
>
> This is not a case of supply and demand, folks.  If it were, we would be 
> rationing gas like we did back in the 70s.
>
> The reason for increased gas prices can be spelled out very easily.
>
> S-P-E-C-U-L-A-T-I-O-N
>
> It's what's driving the market.
>
> Thoughts?
>
> Now, if you will excuse me, I have an appointment at Moscow's farmers' 
> Market.
>
> Seeya round town, Moscow.
>
> Tom Hansen
> Moscow, Idaho
>  
> "We're a town of about 23,000 with 10,000 college students. The college 
> students are not very active in local elections (thank goodness!)."
>
> - Dale Courtney (March 28, 2007)
>
>
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