Quote:
Originally Posted by Joe
For example, there is an article in Wired magazine this month about a start-up that has come up with a way for people to manufacture their own ethanol for about $1 a gallon in the backyard. The guy who put up the money is a venture capitalist who financed the development of the Wii gaming control motion sensors. You put a big enough carrot out there, and somebody is going to find a way to get it.
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I take back what I said. Moonshining in Wired magazine is the fifth horsemen of the apocalypse. We're all screwed.
People will buy smaller cars, then the price of oil will go down, then people will forget and buy larger cars again. We've played this game before.
Maybe it's just my skewed perception, but it seems like this site is extremely negative - especially concerning any national issues. The health of the economy cannot be gauged by the price of gas. Gas is expensive - both because oil is priced in dollars, and because the continually lowering prime interest rate is causing foreigners to invest in oil futures instead of dollars. All bubbles burst.
We're still not paying as much for energy as people did in 1982.