It is a matter of supply and demand | SummitDaily.com
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It is a matter of supply and demand

Jim StoverBreckenridge

Is Fran Savarick (SDN, July 24) naive enough to believe that “W” personally controls gas prices. Nature has provided a finite supply of petroleum, not some corporation.When the world consumes that precious resource faster than one can discover new resources, the law of supply and demand takes over. It’s a little like that old adage about skyrocketing land prices in this county, “They just don’t make it anymore.”I suggest we all read “The End of Cheap Oil,” National Geographic, July 2004.Back to politics: Do you really think Bush is personally funding the 15 million new cars over the next 10 years (California, alone) or the $10 billion in investments of new car factories in China so as to double the Chinese auto consumption over the next six years? Whoops, there goes the price of gas again.The operative word here is consumption. Are you and I ready to trade our cars in for bikes or horses? I’m not. As long as we live in the auto age and I keep driving to the store to buy dark German chocolate cake, the cost of gas and dark chocolate will keep going up.I believe in short- and long-range planning. As unappealing as Bush’s desire is to drill for more petroleum, it will only satisfy your short-term desire for cheaper gas. The only solution to long-term transportation and energy costs is new technology and innovation, not Kerry or politics.I pray that our future generations will enjoy alternative energy, innovative autos and/or user friendly transportation systems that will get us from point “A” to final destination.That is the only final solution to high gas prices and Middle East wars.


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