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Old 10-17-2008, 06:55 PM   #61
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There is a need for hybrids, but I don't see everyone going that route anytime soon. For one, they cost more than many are willing to pay. Maybe in time that will get worked out.
NYC has mandated that every taxi be a hybrid by 2013. as time goes on manufacturers will produce only hybrids because it's more cost efficient for them.

you don't need to get oil demand down by 10% or some drastic amount. 1% per year for a few years will drive the price down
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Old 10-17-2008, 10:00 PM   #62
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you don't need to get oil demand down by 10% or some drastic amount. 1% per year for a few years will drive the price down
Conversely, driving the price UP for a few years will lower demand. If that's what we want we ought to just tax it until we get the reduction we want. Simple.


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NYC has mandated that every taxi be a hybrid by 2013. as time goes on manufacturers will produce only hybrids because it's more cost efficient for them.
It makes sense for taxis, being high usage, stop and go. But it seems silly to mandate it. If the price of gas was UP, the taxi companies would want hybrids on their own (or any better tech that comes along).

It just drives me nits to see Congress regulating technology. Pick the goal, set the price, and let the free market figure out the HOW.

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Old 10-18-2008, 08:29 AM   #63
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It just drives me nits to see Congress regulating technology. Pick the goal, set the price, and let the free market figure out the HOW.
The nits in Congress love to pick goals. They generally don't care if the technology is cost effective or if it even exists. They don't seem to care if it is even possible or what it might do to the economy or society in general. We are constantly at the mercy of the "Law of Unintended Consequences." Those bozos can't repeal that.

As a group they are techo-illiterates. They'd repeal the laws of thermodynamics if given the chance.

The same comments apply to states too.
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Old 10-18-2008, 08:40 AM   #64
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Someone may have already said this and I missed it, but what about the poor speculators loosing their shirt in the big drop in crude.

Do I see another bail out coming for the speculators?

Jeb
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Old 10-18-2008, 09:35 AM   #65
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Someone may have already said this and I missed it, but what about the poor speculators loosing their shirt in the big drop in crude.

Do I see another bail out coming for the speculators?

Jeb
I've been wondering that too. If that speculation was a cause, it must have taken oodles of money, so it was likely very leveraged.

Are they gonna be 'too big to fail'?

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Old 10-18-2008, 10:06 AM   #66
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Someone may have already said this and I missed it, but what about the poor speculators loosing their shirt in the big drop in crude.

Do I see another bail out coming for the speculators?
Everybody and his dog was jammed up in that trade when it came time for it to let go (remember what Uncle Warren says - Innovators are followed by Imitators and then the Idiots show up at the end). Anyway, there may be have been more than a few public pension plans that were holding lots of commodities plays at the end.
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