Originally Posted by
alvrb211
Silly Sir?
Who mentioned "sole" cause? There are many contributers to high oil prices.
Here's some basic macroeconomics.
America consumes almost 25% of the world's oil but produces less than 5%. The US also produces VERY inefficent automobiles!
Now, guess what happens to World demand if you have such a consumer reduce its own demand. Bingo! You GREATLY reduce WORLD demand!
What happens when you GREATLY reduce world demand ? Assuming no reduction in supply, the price of oil drops!
I had to buy a German imported car because I can't find anything comparable in the US. Not only is it a great performer. It's great on gas!
Meanwhile, my nabor drives a Ford F150 for personal transportation only, does about the same weekly mileage as me, and uses 3 times the gas I do.
You can speculate all you like about where oil prices will be in years to come. It's pure speculation.
The US needlessly wastes oil on its roads every day and that's pure fact!
AL
Actually you did. "If America stops driving fuel inefficient cars, the problem of high oil prices will go away."
Do we need to parse your sentence for you? It means you think the problem is my Pick up truck.
The reason america uses 25% of the worlds oil is we are the most productive country on the earth.
The reason we only produces 5% of the worlds supply is because we are the only country in the world that places our largest known reserves off limits. It seems some aren't happy that I drive a pick up truck; so they will do what ever it takes to drive the price up to force the "green" choice.
Here is some redneck economics for you: The main reason the price has dropped to $80 a barrel is world demand will be reduced because of the economic slow down. Not because americans will start driving more efficient cars.