RV Fuel Issues & Prices - Post 'Em Here!
All other fuel threads will be automatically deleted. :)
Forum Discussion
eltejano1 wrote:
One other thing - someone in the thread pointed-out that if we cut consumption by 10%, OPEC will simply lower production by that amount to maintain the price...
Maybe, maybe not. By this logic if they raised the price to $100,000 a bbl people would consume more - or any one of a dozen other combinations.
Simple fact is that OPEC only controls 40% of the total, and as oil prices go up, non-oil sources of energy become economically viable.
There's a lot of potential upside to this whole thing, if we are willing to see it and act on it.
