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echo: barktopus
to: Geo.
from: Mike N.
date: 2007-06-18 07:08:46
subject: Re: Ethanol could keep price of gas high

From: Mike N. 

On Sun, 17 Jun 2007 23:01:44 -0400, "Geo."  wrote:

>Everything Bush does is aimed at keeping the price of gas high. Have you
>noticed every time the price of gas starts to fall he goes off rattling the
>saber about Iran or some other oil producer and presto the price of gas goes
>right back up.

   The bean counters at the oil companies had a "wow moment" after Katrina.
If people found that they could work a 30 hour week and keep the same
paycheck, most would just move to 30 hour weeks.  The inelasticity of the
price demand curve has not yet been located.

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