Comments on: Gas is cheap http://www.fireandknowledge.org/archives/2008/05/28/gas-is-cheap/ A web site by Joshua Sowin that addresses culture, books, technology, ecology, religion, and other topics. Thu, 02 Feb 2012 22:20:20 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: DavidH http://www.fireandknowledge.org/archives/2008/05/28/gas-is-cheap/comment-page-1/#comment-75677 DavidH Fri, 25 Jul 2008 15:32:02 +0000 http://www.fireandknowledge.org/archives/2008/05/28/gas-is-cheap/#comment-75677 It also cost more to produce gasoline in 1922 than it does now, and there was less being produced at a slower rate. By this standard computers should cost billions of dollars considering the first computers cost $1 million dollars. The point of supply and demand is that as your demand goes up you can produce on a larger scale. As you produce more the technology increases to make it cheaper to produce. Then other markets come in and create compatition to drive the producer to create a better product at a lower price. That is what is wrong with Oil companies. They don't have to compete with each other on price. Their price is set by OPEC. Creating a mass global Monopoly. It also cost more to produce gasoline in 1922 than it does now, and there was less being produced at a slower rate. By this standard computers should cost billions of dollars considering the first computers cost $1 million dollars. The point of supply and demand is that as your demand goes up you can produce on a larger scale. As you produce more the technology increases to make it cheaper to produce. Then other markets come in and create compatition to drive the producer to create a better product at a lower price. That is what is wrong with Oil companies. They don’t have to compete with each other on price. Their price is set by OPEC. Creating a mass global Monopoly.

]]> By: holmegm http://www.fireandknowledge.org/archives/2008/05/28/gas-is-cheap/comment-page-1/#comment-70832 holmegm Wed, 28 May 2008 19:10:47 +0000 http://www.fireandknowledge.org/archives/2008/05/28/gas-is-cheap/#comment-70832 <em>American gasoline is also dirt-cheap compared with gas in other countries. British motorists are currently paying about $8.38 per gallon for gasoline. In Norway, a major oil exporter, drivers are paying $8.73.</em> I was wondering about their current prices. It used to be such fun to mock Europeans for <em>their</em> $4/gallon gas ;) American gasoline is also dirt-cheap compared with gas in other countries. British motorists are currently paying about $8.38 per gallon for gasoline. In Norway, a major oil exporter, drivers are paying $8.73.

I was wondering about their current prices. It used to be such fun to mock Europeans for their $4/gallon gas ;)

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