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View Diary: Obama administration to release oil from strategic petroleum reserve (96 comments)

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  •  Time is required to adjust to price (0+ / 0-)

    Reducing demand by switching to higher mileage cars, living closer to work, installing insulation take time for people to adopt.  Longer term switching may include electric cars, cars & trucks  that run on Compressed Natural Gas, etc

    So the demand becomes more elastic over time.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Thu Jun 23, 2011 at 10:38:31 AM PDT

    [ Parent ]

    •  Yep, all true. (0+ / 0-)

      That is why we can't simply wait for the market to signal scarcity.  We need to estimate, as well as possible, when peak will be here and then plan 20 years in advance to make the changes as painless as possible.  Of course, I think peak is here or will be shortly and so I favor more aggressive raising of taxes on energy and more aggressive tax cuts on income to offset those increases.  To be more clear I favor taxing consumption more than taxing work and we should slowly change each to acknowledge the world we are living in (or about to enter).

      My thinking has also led me to buy a Volt so that I can walk the talk a little more and reduce my oil consumption by over 90 percent.  It's not a perfect solution but it is supporting a step in the right direction.

      We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

      by theotherside on Thu Jun 23, 2011 at 02:32:49 PM PDT

      [ Parent ]

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