Quote:
Originally Posted by WagDatto
idea people need to get into their heads is that the gas companies are just part of the standard business circle; supply and demand.
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From what I learned in my Microeconomics class, Gas has inelastic demand unlike most products which are elastic. Basically no matter the price, the demand doesn't change. And from what I learned from my math professor who is an Engineer, our gas consumption is an exponential math problem, so even if we found more gas it will only buy us just a little more time, but not much.
One thing thats also way more popular in other countries is the use of motorcycles and scooters.