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First, people that believe in "market solutions" have rarely worked around a real market.  They just have a belief structure that allows them to rationalize selfish behavior. Markets work to satisfy the needs of the strongest participants.  (...) I've worked in the European oil market where rules were laughed at.
I have that strong impression too. I like this confirmation from inside.

The comparison with people dying for shortage of bread is a bit exaggerated (it was not my own btw) but it makes very clear what you are actually talking about when claiming (correctly!) that the price mechanism will take care of shortages.

(I worked for a multinational for a while, for a small enterprise and in education. By incident I drive a car that is rather big and because of its age not very efficient in my view. It takes a litre for a little over 13 km, so that is about 30 miles a gallon )

    ...Save democracy from direct elections
by FransGroenendijk on Wed Aug 24th, 2005 at 04:35:27 AM EST
[ Parent ]
Trimming 1%/year of oil use for 2 decades will be more like putting a 150 Kg man on a diet.  Most of our oil use is in Western societies where we waste a big percentage.  Cutting back won't kill us.

If you are an Xurban idiot commuting 75 miles one way to town for your job, you will be screwed.  That it, until you move back to town or get the job moved to Xurbia. Or ride the bus.....

by HiD on Wed Aug 24th, 2005 at 04:14:18 PM EST
[ Parent ]

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