May 16 2007

May 15- “Gas Boycott Day”

Environmental Economics: I couldn’t decide between “Gas Boycotts Don’t Work” and “Oh Crap, Here We Go Again”

pressure at the pump!

So, the idea is that on May 15 (today in America), millions of Americans will boycott oil companies by not filling their cars with gas in the hope that firms like Exxon Mobil, Chevron, Shell and others will be forced to lower their prices. The goal is to make oil companies lower their price per gallon by 30 cents.

Gas boycott supporterRemember my post below “Why learning Economics is SO important”? The American “Gas Boycott” is a perfect example of how people uneducated in economics can rally around really stupid and senseless ideas. The authors of Environmental Economics, a great blog, give all the reasons why this gas boycott will not achieve its goal. These are ALL basic economic concepts, which means that if ONLY the organizers of this boycott had bothered to take a principles course, they would have spared themselves of this embarrassing attempt at activism. I’ll keep finding reasons why learning economics is important, you keep learning!

Powered by ScribeFire.

About the author:  Jason Welker teaches International Baccalaureate and Advanced Placement Economics at Zurich International School in Switzerland. In addition to publishing various online resources for economics students and teachers, Jason developed the online version of the Economics course for the IB and is has authored two Economics textbooks: Pearson Baccalaureate’s Economics for the IB Diploma and REA’s AP Macroeconomics Crash Course. Jason is a native of the Pacific Northwest of the United States, and is a passionate adventurer, who considers himself a skier / mountain biker who teaches Economics in his free time. He and his wife keep a ski chalet in the mountains of Northern Idaho, which now that they live in the Swiss Alps gets far too little use. Read more posts by this author

4 responses so far

4 Responses to “May 15- “Gas Boycott Day””

  1. KMon 17 May 2007 at 12:05 am

    Hi there!

    Got your comment on our AP blog – I'd love to exchange links! Just warning, mine is all micro, it's all I have time for, so I'm not sure how much it might help you.

    I love your set up – I'll be changing mine a little over the summer to be a little more user-friendly. I might be allowing my students access to post on the main blog, not sure on that one.

    Thanks for contacting me – I saw your post on the AP digest and was going to stop on by to see yours. 🙂 Good luck on your tests!

    K. McDaniel

    Fort Atkinson High School

    Fort Atkinson, WI, USA

  2. […] May 15- “Gas Boycott Day”: Stupid Americans acting stupid! […]

  3. Theresa Mehlon 10 Sep 2008 at 8:39 pm

    Only people who are not informed very much of economcs would force the gas prices to go down. Gas is a scarce resource and it is running out, which is because of the basic economic problem of scarcity. There are unlimited wants for gas but limited natural resources.

    Since the demand for gas is rising but the amount of resources are running out, no one should complain about rising gas prices.

  4. Seul sur Marson 22 Mar 2015 at 3:31 pm

    Seul sur Mars

    May 15- ?Gas Boycott Day? | Economics in Plain English