Sunday, September 11, 2005

Decrease In Oil Equals Decrease In Demand?

Ok... we all hate the gas prices these days. Everybody knows that they are ridiculous, but do we ever think about what it will be like when the oil runs low? I don't, but after reading a current article I don't need to worry about it. You see, the fact is that we are not going to run out of oil. As new technology arises, so does more oil. Just because we can't get to all the oil now, doesn't mean we won't be able to in 10 years. This just leads me into my point however. As the gas prices increase continually from either war or lack of resources what will we do as consumers? We already have changed our ways by moving towards smaller and more fuel efficient cars like the hybrid. As technology gets better what will happen to our demand for gasoline? Will we eventually get to a point where we don't have to worry about running out of oil, or will we remain dependent? Personally I think that as our technology increases our demand for oil will slowly diminish and we will be much less dependent on oil. My question to everyone else is... do you think that the decrease in demand for oil/fuel will cause the prices to decrease therefore allowing us to go back to our beloved gas hog suv's and cars?

No comments: