Comments on: $8-a-gallon gas: A New Perspective http://welkerswikinomics.com/blog/2008/06/03/8-a-gallon-gas-a-new-perspective/ for students and teachers of AP and IB Economics Sat, 22 Nov 2008 12:22:44 +0000 http://wordpress.org/?v=2.6.3 By: Sam F http://welkerswikinomics.com/blog/2008/06/03/8-a-gallon-gas-a-new-perspective/#comment-6202 Sam F Thu, 16 Oct 2008 23:37:47 +0000 http://welkerswikinomics.com/blog/?p=505#comment-6202 Wow 8 dollars a gallon. Just imagine that no one would even go anywhere unless they walked or was able to buy a pump for their bike that they have hanging in thier garage for the past thirty years or so. And you know what we need to modernize the way we travel its the twenty first century and were really are using the same basic technology people used in 1909. At the exponential rate technology is improving did no one think about cars? Though if the US stops purchasing oil from the Middle East or Venezuela how will they be able to continue they're rise to power. They will fall back to Stone Era. Ok maybe not as bad as that but they'll have to find some other way to compete on the global market, which could take decases. But even though people will be more likely to live closer to their jobs with the higher gas prices, I don' think that a major percentage of people will move. Because people perfer privacy and open spaces so they will just suck it up and continue with the way and where they live. And also I don't think we would go to war with China because according to Al Gore's "An Inconvient Truth" China suposedly has a better gas mileage for the cars they produce than the cars the US produces. But yes I think that crude oil prices rising in general are a good thing. Because it reduces our dependence on oil, improves the overall world economy, global health, and etc. Wow 8 dollars a gallon. Just imagine that no one would even go anywhere unless they walked or was able to buy a pump for their bike that they have hanging in thier garage for the past thirty years or so. And you know what we need to modernize the way we travel its the twenty first century and were really are using the same basic technology people used in 1909. At the exponential rate technology is improving did no one think about cars?
Though if the US stops purchasing oil from the Middle East or Venezuela how will they be able to continue they’re rise to power. They will fall back to Stone Era. Ok maybe not as bad as that but they’ll have to find some other way to compete on the global market, which could take decases.
But even though people will be more likely to live closer to their jobs with the higher gas prices, I don’ think that a major percentage of people will move. Because people perfer privacy and open spaces so they will just suck it up and continue with the way and where they live. And also I don’t think we would go to war with China because according to Al Gore’s “An Inconvient Truth” China suposedly has a better gas mileage for the cars they produce than the cars the US produces.
But yes I think that crude oil prices rising in general are a good thing. Because it reduces our dependence on oil, improves the overall world economy, global health, and etc.

]]> By: Brandon Lock http://welkerswikinomics.com/blog/2008/06/03/8-a-gallon-gas-a-new-perspective/#comment-6193 Brandon Lock Thu, 16 Oct 2008 15:15:09 +0000 http://welkerswikinomics.com/blog/?p=505#comment-6193 I found this article to be quite interesting because by having $8 a gallon for gas, it would cause a huge amount of investment in alternative fuel sources. This article pointed out the fact that many of the leading causes of maintaining oil sources is that it was the cheapest and most readily available source of fuel. The second point the article suggested about economic stimulus is completely true especially now when the economy could use a reallocation of the work force and resources. It's not even that alternative fuel sources aren't out there it’s the fact that not many companies and individuals have invested time to discovering a cheaper and more affordable solution. As an entrepreneur I would definitely pursue the development and production of this new fuel source in that if it cheaper then the current gasoline people are more likely to purchase this new fuel. One of the major problems with switching to a new fuel source is that it most likely would require a transfer of all the major gas stations and gasoline firms. These firms could simply convert to this new method of production or their companies would go under. I mean driving on any major road you are most likely going to see several gas stations supporting the point that currently there is a huge demand for oil and it is growing. The amount of monetary expenditures made on oil is huge and by demolishing that industry immediately without a remedy or new fuel source would be disastrous. I also think that one of the major reason a large amount of Americans are against offshore oil drilling is that they are either environmentalist, don't understand the issue, or finally with the growing groups that are promoting going green under Al Gore. Overall I agree primarily with the key points the article highlights and I too am against off shore drilling simply because a new fuel source is definitely needed. I found this article to be quite interesting because by having $8 a gallon for gas, it would cause a huge amount of investment in alternative fuel sources. This article pointed out the fact that many of the leading causes of maintaining oil sources is that it was the cheapest and most readily available source of fuel. The second point the article suggested about economic stimulus is completely true especially now when the economy could use a reallocation of the work force and resources. It’s not even that alternative fuel sources aren’t out there it’s the fact that not many companies and individuals have invested time to discovering a cheaper and more affordable solution. As an entrepreneur I would definitely pursue the development and production of this new fuel source in that if it cheaper then the current gasoline people are more likely to purchase this new fuel.

One of the major problems with switching to a new fuel source is that it most likely would require a transfer of all the major gas stations and gasoline firms. These firms could simply convert to this new method of production or their companies would go under. I mean driving on any major road you are most likely going to see several gas stations supporting the point that currently there is a huge demand for oil and it is growing. The amount of monetary expenditures made on oil is huge and by demolishing that industry immediately without a remedy or new fuel source would be disastrous. I also think that one of the major reason a large amount of Americans are against offshore oil drilling is that they are either environmentalist, don’t understand the issue, or finally with the growing groups that are promoting going green under Al Gore. Overall I agree primarily with the key points the article highlights and I too am against off shore drilling simply because a new fuel source is definitely needed.

]]> By: Brandon http://welkerswikinomics.com/blog/2008/06/03/8-a-gallon-gas-a-new-perspective/#comment-6191 Brandon Thu, 16 Oct 2008 15:10:06 +0000 http://welkerswikinomics.com/blog/?p=505#comment-6191 I found this article to be quite interesting because by having $8 a gallon for gas, it would cause a huge amount of investment in alternative fuel sources. This article pointed out the fact that many of the leading causes of maintaining oil sources is that it was the cheapest and most readily availabe source of fuel. The second point the article suggested about economic stimulus is completely true especially now when the economy could use a reallocation of the work force and resources. It's not even that alternative fuel sources aren't out there its the fact that not many companies and individuals have invested time to discovering a cheaper and more affordable solution. As an entrpreneur I would definetly pursue the development and production of this new fuel source in that if it cheaper then the current gasoline people are more likely to purchase this new fuel. One of t I found this article to be quite interesting because by having $8 a gallon for gas, it would cause a huge amount of investment in alternative fuel sources. This article pointed out the fact that many of the leading causes of maintaining oil sources is that it was the cheapest and most readily availabe source of fuel. The second point the article suggested about economic stimulus is completely true especially now when the economy could use a reallocation of the work force and resources. It’s not even that alternative fuel sources aren’t out there its the fact that not many companies and individuals have invested time to discovering a cheaper and more affordable solution. As an entrpreneur I would definetly pursue the development and production of this new fuel source in that if it cheaper then the current gasoline people are more likely to purchase this new fuel.

One of t

]]> By: Brandon http://welkerswikinomics.com/blog/2008/06/03/8-a-gallon-gas-a-new-perspective/#comment-6192 Brandon Thu, 16 Oct 2008 15:10:06 +0000 http://welkerswikinomics.com/blog/?p=505#comment-6192 I found this article to be quite interesting because by having $8 a gallon for gas, it would cause a huge amount of investment in alternative fuel sources. This article pointed out the fact that many of the leading causes of maintaining oil sources is that it was the cheapest and most readily availabe source of fuel. The second point the article suggested about economic stimulus is completely true especially now when the economy could use a reallocation of the work force and resources. It's not even that alternative fuel sources aren't out there its the fact that not many companies and individuals have invested time to discovering a cheaper and more affordable solution. As an entrpreneur I would definetly pursue the development and production of this new fuel source in that if it cheaper then the current gasoline people are more likely to purchase this new fuel. One I found this article to be quite interesting because by having $8 a gallon for gas, it would cause a huge amount of investment in alternative fuel sources. This article pointed out the fact that many of the leading causes of maintaining oil sources is that it was the cheapest and most readily availabe source of fuel. The second point the article suggested about economic stimulus is completely true especially now when the economy could use a reallocation of the work force and resources. It’s not even that alternative fuel sources aren’t out there its the fact that not many companies and individuals have invested time to discovering a cheaper and more affordable solution. As an entrpreneur I would definetly pursue the development and production of this new fuel source in that if it cheaper then the current gasoline people are more likely to purchase this new fuel.

One

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