Green Daily

Simple laws of supply and demand, and how prices are related.

World oil supply is dwindling (temp. surge in oil production by OPEC does not count). When supply goes down and demand does not, prices go up.

To keep prices the same demand must match supply. With more countries becoming industrialized, people in those countries can now buy a car or two where before they could not afford it. Bottom line, demand is not going down. Therefore, gas prices will continue to go up. QED.

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i too believe that prices will go up. However, for arguement's sake. If petrol cars started to become regulated in terms of consumption alike CFCs in air conditionings used in the cars. Heavy transport vehicles eg. trucks and buses, started to use hydrocell technology instead of running totally on petrol for fuel. wouldn't that reduce demand?

when choices of fuel has competition with a substantiable alternative that is sustainable to the environment + it has financial and lifestyle benefits to the end user. Petrol will start struggling..

we have the technology! we need to be able to afford it, then we need to use it.

but then how many of us can put our money where our mouths are and go buy an eco car?

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