Midcoast Green Collaborative Forum

September 7, 2008

Sustainability Post #30 – Lowering the price of gas and oil

Filed under: Conversation — Tags: , — Topher @ 12:15 pm

There are many people talking about how to lower the price of fossil fuels recently.  The suggestions I have heard range from governmental action, to massive new drilling, to nationalizing oil companies, to converting over to renewable sources on short time scales (10 years or so).

These all have one thing in common, they give the person suggesting them something to complain about, while usually not doing anything themselves.

Well, I have an idea for how to lower the amount that one personally spends on fuels, while at the same helping to lower the price for everyone.  Buy less fuel.  As long as demand is high, prices will keep going up.  The recent small decline in prices was preceded by a reduction in consumption.  If everyone keeps reducing  their fuel usage, the price will not see huge spikes like the ones we recently saw.

That said, the global demand for fossil fuels is likely to keep increasing, production is unlikely to keep pace, and the supply is strictedly limited.  Prices are on a trend to increase.


1 Comment »

  1. Would you be interested in exchanging blogrolls links with my site? Please email me if you are interested

    Comment by Josh Maxwell — September 7, 2008 @ 12:31 pm

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