nicklockard
Torque Dorque
First let me apologize for ranting at you. I know you're not the problem. I do get frustrated with this free market cures all fallacy stuff though.
I think you also know that on the other hand I am saying that WE DON'T ACTUALLY HAVE A FREE MARKET ECONOMY. Here is the one and only case evidence which PROVES beyond a shadow of a doubt that we DO NOT have a "free market economy": In the last few years, the federal government has given tens of thousands of dollars in "Mohair subsidies" to MULTIMILLIONAIRE NBA basketball stars (I think Shaq is one, but could be wrong.)
Do you call this a free market now??? Please don't T_Red, I can't stand to laugh too hard; my gut might bust open.
I know that is your point, and that is why I do apologize for jumping on you a little too harshly. I am sorry.
My counterpoint is: yes, but on what timescale? If that transition of "IF/WHEN" occurs over a 2 generation period or more...I'd gladly say you're darn right... no problems, and I'd happily join your "What, me worry?" chorus line.
But the reality is WE DON'T KNOW the actual timescale. We do know that when it comes to critically important resources, people (your free market for example) ACT TOTALLY IRRATIONALLY (hence the silver example used to illustrate this point.)
My bet is that the transition will be short, choppy, volatile, scary, chaotic, with EXTREME price swings due to speculative profit taking, national policies, etc...
If you care to bet against me go ahead. I will be in oil futures in a few months. You take the short side and I'll go long and we'll see who's right.
I apologize for misreading between your lines. My mistake.
Thanks for the correction. I was wrong on figures, but I'm pretty sure you still understood the illustative power of the example per my previous point. Am I wrong on this? I think you demonstate you DO understand the chaotic nature of a speculative market and how irrational it can get. You just laid out my case perfectly for this point ^^ Apparently it cost you your farm even, so the point is obviously not lost on you, no?
Anyway enough of my hijacking...do you think government has NO place in setting rational energy policy? What exactly do you advocate? Up to now I can only see vague hopes about a mystical free market which doesn't exist. How exaxtly is raising prices suddenly by wantonly wasting our most precious natural resource next to fresh water going to save us? Can you give an outline or explain this because you have me thoroughly confused how dramatic price swings, uncertainty, speculative runaways, and asinine levels of market volatility are going to save us...
Can government do NOTHING right in your opinion? Would you support putting SUV's into CAFE where they belong? I would think if you're a true blue free-market proponent you'd be against the current subsidies toward SUV's, right? Would you support any kind of speed limitations? Why is the current okay versus 55? After all, the interstate freeway system is designed for a 70 mph rate of travel (in good weather)...why is it 65 in many states? Mind you, I'm not a fan of 55. I think it creates more variation in traffic speeds, which is a dangerous condition...I'm just trying to get a handle on your reasoning which seems very vague. Please clarify it somewhat if you would.
Nick
Edited for minor changes of grammar and clarity.
I think you know what I'm saying: if oil were ACTUALLY subjected to the laws of the "free market" of true supply and true demand, at some point it would be brutal, chaotic, and would completely cripple our economy. Read up on 3 scenarios of the oil endgame at peakoil.org...and tell us they're just fantasy..Brutal and chaotic? or non-existent? Which is it? Does the free market work, or is it just an illusion?
I think you also know that on the other hand I am saying that WE DON'T ACTUALLY HAVE A FREE MARKET ECONOMY. Here is the one and only case evidence which PROVES beyond a shadow of a doubt that we DO NOT have a "free market economy": In the last few years, the federal government has given tens of thousands of dollars in "Mohair subsidies" to MULTIMILLIONAIRE NBA basketball stars (I think Shaq is one, but could be wrong.)
Do you call this a free market now??? Please don't T_Red, I can't stand to laugh too hard; my gut might bust open.
My point was, when oil is no longer the cheapest fuel, we will use something ..
I know that is your point, and that is why I do apologize for jumping on you a little too harshly. I am sorry.
My counterpoint is: yes, but on what timescale? If that transition of "IF/WHEN" occurs over a 2 generation period or more...I'd gladly say you're darn right... no problems, and I'd happily join your "What, me worry?" chorus line.
But the reality is WE DON'T KNOW the actual timescale. We do know that when it comes to critically important resources, people (your free market for example) ACT TOTALLY IRRATIONALLY (hence the silver example used to illustrate this point.)
My bet is that the transition will be short, choppy, volatile, scary, chaotic, with EXTREME price swings due to speculative profit taking, national policies, etc...
If you care to bet against me go ahead. I will be in oil futures in a few months. You take the short side and I'll go long and we'll see who's right.
I didn't say there wouldn't be any pain.
I apologize for misreading between your lines. My mistake.
Incidentally, silver went from $5 to $50. Gold from $250 to over $800. See, I do remember. I even remember soybeans quadrupling to over $12/bushel in 1973 or 1974. It was the year AFTER the bank took our farm.
Thanks for the correction. I was wrong on figures, but I'm pretty sure you still understood the illustative power of the example per my previous point. Am I wrong on this? I think you demonstate you DO understand the chaotic nature of a speculative market and how irrational it can get. You just laid out my case perfectly for this point ^^ Apparently it cost you your farm even, so the point is obviously not lost on you, no?
Anyway enough of my hijacking...do you think government has NO place in setting rational energy policy? What exactly do you advocate? Up to now I can only see vague hopes about a mystical free market which doesn't exist. How exaxtly is raising prices suddenly by wantonly wasting our most precious natural resource next to fresh water going to save us? Can you give an outline or explain this because you have me thoroughly confused how dramatic price swings, uncertainty, speculative runaways, and asinine levels of market volatility are going to save us...
Can government do NOTHING right in your opinion? Would you support putting SUV's into CAFE where they belong? I would think if you're a true blue free-market proponent you'd be against the current subsidies toward SUV's, right? Would you support any kind of speed limitations? Why is the current okay versus 55? After all, the interstate freeway system is designed for a 70 mph rate of travel (in good weather)...why is it 65 in many states? Mind you, I'm not a fan of 55. I think it creates more variation in traffic speeds, which is a dangerous condition...I'm just trying to get a handle on your reasoning which seems very vague. Please clarify it somewhat if you would.
Nick
Edited for minor changes of grammar and clarity.