Tuesday, May 17, 2011

Great Y!Finance Article on Why US Conservation Won't Lower Oil Prices

Link here.

My worldview exactly.

2 comments:

  1. You may want to re read the article's concluding paragraph and reconsider your post.

    ReplyDelete
  2. This was the article's concluding paragraph:

    The upshot: Reduced U.S. consumption can help take the edge off energy prices, but it won't make much of a dent in them. And were the U.S. to increase production significantly, most of the excess would simply go into a thirst global market. It wouldn't be preserved for domestic use. As has been shown over the past two years, the best way to insulate our pocketbooks and economy from the high price of oil is to figure out how to use less.

    My worldview exactly. I seldom drive a car any more. I certainly don't drive when I don't have to. I have two brand new multi-speed bikes, one each in the cities where I spend most of my time: Boston and San Antonio).

    In San Antonio, a tankful of gas lasts me almost a month; in Boston, it depends, due to drives up to the North Shore (otherwise I bike or walk).

    The only way to shield ourselves, as the article says, from high energy prices is to conserve.

    Thank you for taking time to comment.

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