[at-l] Supply/Demand [was: no subject]

[rafeb at speakeasy.net (Raphael Bustin)]

At 11:50 PM 8/11/2005 -0400, Walt wrote:

>Prices go up because of an inbalance between supply and demand. You can fix
>the balance by adjusting either or both of supply and demand. One can just
>as easily blame the corporations that produce inefficient cars and trucks
>that use more of a scarce resource.


The supply of oil is finite.  It's not going to run out
tomorrow, but there haven't been significant new
discoveries of oil in ages.

Even by the largest estimates and most aggressive
drilling, ANWR oil won't significantly reduce US
reliance on imported oil.

Gas costs will climb steadily over the next few years
or decades as existing resources take ever more
effort to extract.

Peak oil (Hubbert curve):
<http://www.nationmaster.com/encyclopedia/Hubbert-peak>

Atmospheric CO2 concentration,  Mauna Loa, 1960-2000:
<http://earthguide.ucsd.edu/globalchange/keeling_curve/01.html>


rafe b
aka terrapin 


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