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Wallace





Joined: 09 May 2008
Posts: 73
Reputation: 4.7Reputation: 4.7Reputation: 4.7Reputation: 4.7
votes: 2

PostPosted: Sat May 31, 2008 11:15 am    Post subject: Reply with quote

kwlafayette wrote:
Inelastic, you keep saying that word, but I don't think you grasp the meaning. It means that the same amount of fuel is being burned, regardless of price. THE SAME AMOUNT. So the shortage argument is valid.


Sry, that's not what it means, inelastic products have a steep curve, meaning that price changes have to be significant in order for people to change their purchasing habits. There is a point at which some people will simply not be able to afford it, or at least only use it as a necessity. When prices get high enough, some gas station will close down, simply because they know the people in that region won't be profitable.
Sheila





Joined: 09 Feb 2008
Posts: 556
Reputation: -6.8
votes: 16
Location: Central Alberta

PostPosted: Sun Jun 01, 2008 10:45 am    Post subject: Reply with quote

I guess I spoke too soon, kwlafayette. Are you going to invest in Bakken? Because I am still going to invest in alternative energy.
And to bleatmop, why do you think everything is a conspiracy theory? Any conspiracy theory can be explained by one or more of the seven deadly sins.
The creed of the oilpatch will always hold true.
Sheila





Joined: 09 Feb 2008
Posts: 556
Reputation: -6.8
votes: 16
Location: Central Alberta

PostPosted: Sat Jun 07, 2008 12:49 pm    Post subject: Reply with quote

Cool Blue wrote:
Quote:
Because the long term effects of it are just being realized.


We've been eating genetically modified corn for around 20 years now.


You've been eating GMO corn for about 20 years now? Do you have any symptoms described in this article?
http://www.greenpartysask.ca/G.....Health.htm
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10 Inconvenient Truths Environmentalists Deny

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