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Thursday, Jul 31, 2014
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Rock'n chair Rambler  
Over Taxed, TX  
March 21, 2012 8:15am
 
If supply and demand determines price, and the demand were reduced as drastically as the wackjobs wanted by eliminating the use of oil for all transportation, the US oil industry would be devastated and would cease to exist or would need to be subsidized in order to continue to produce the small amount needed for other than transportation.

Of course, the supply would also drop because of the cost to explore, drill and produce it. The only demand would be from China and other developing countries that had not lost their minds and gone green. Those countries would then have a tremendous advantage because of the low cost of oil and the much more efficient power derived from it.

I wonder what the Chinese word for green is? It's probably just called stupid.
     
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