and one more thing
- 05.23.08
- oil
- No Comments
The problem is not that supply and demand is such a complex explanation. The problem is that supply and demand is not an emotionally satisfying explanation. For that, you need melodrama, heroes and villains.
Too true. Everyone wants to blame a bad guy for their problems, not some boring, reasonable, explanation. If the problem were some evil corporation or something, it would be much easier to fix.
I have been telling people IRL (yeah, I said it) that the most effective, short-term, fix for the gas prices would be to sell off a portion of our national reserves (and stop putting more into them for a period of time). If supply goes up, the price goes down. Demand is relatively inelastic. It would relieve a good portion of the stress on the consumer (me, specifically).
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