Saturday, December 26, 2009

What do you think would happen if Americans effectively boycotted oil and gas for a week?

It would basically have zero effect, and might even make things worse as limited oil got diverted to China and India. Oil is going up in price because the demand from the growing economies in East Asia is going up faster than new production can be brought on line. The last easy cheap oil was found decades ago (North Sea, Mexico, Alaska) new fields under development are going to be much more expensive because it's crappier oil in difficult to get to areas and often with political instability to boot.





So basically it's supply and demand, in fact we are lucky it stayed as cheap as it has as long as it has. The 1990s economic meltdown in East Asia bought us about a decade, and instead of getting ready for this day, we all bought gas guzzling SUVs. Unless there is a massive drop in world demand for oil or some almost miraculous huge oil discovery somewhere...it's just going to keep going up.





http://www.wtrg.com/prices.htm





We have no one to blame but ourselves...What do you think would happen if Americans effectively boycotted oil and gas for a week?
America would grriind to a Halt! Report Abuse
What do you think would happen if Americans effectively boycotted oil and gas for a week?
Monkey Boi would declare a state of emergency.





Then go fishin'
IT be wonderfull.
iT WOULD B GOOD 4 US
Unfortunately, since many people don't have viable public transportation alternatives, it probably wouldn't work. It's a nice thought, though. We have to focus on buying cars that have higher gas mileage or at least use fuel sources that aren't petroleum-based. Whoever the first company is that brings a cheaper way to transport E-85 fuel will be insanely rich.
We would run out of food. Because a boycott would include the trucks which deliver that food. We would be lighting our homes with candles. Oil and gas are used to generate electricity. Once the week was over we would all climb into our super-cab trucks and SUVs and never look in the mirror at anytime during that week to realize where the blame lies for a situation where we haven't built a new refinery in over thirty years while filling our roadway with more and more vehicles while ignoring the fact of nations like China and India doing the same.


The resultant sounds of griping would also have an effect on my hearing.
if it did work, prices would come dowm but it wont work because people would buy alot of gas the week before and week after
Bush would instantly think the war was over in iraq the instant we didn't need oil.
ever1 in the mid east would be poor and the obesity problem would be solved cuz every1 would have 2 walk
The answer is 'EVERYTHING'! It would cause a ripple effect that could disrupt the entire economy of the world.
Well, the economy would probably grind to a halt, revenue from gas taxes would drop enormously, Al Gore would be happy, and at the end of that week everybody that participated in it would probably think that it was the stupidest thing they had ever done in their adult life.
This would be an excellent thing if it could actually happen. The price of crude oil would go back down to affordable. At least for awhile.
Nothing, it will never happen. People must get to work, companies must continue to operate. It is a non-issue because it is not possible.
and then the following week you have to buy twice as much? that will teach them.
there would be cars on the freeway with no gas
Nothing. Price is dictated by the stock market. It would cause a glut , but they know you will be back eventually, They will just wait you out. They have more money than you .The poor guy that drives the gas truck may get laid off or gas station attendant, but the fat cats will manage.
Actually...


Since oil is traded in terms of future delivery... Just a serious threat of something like that would turn the markets and probably drop the price of a barrel a by couple of dollars...





But as soon as everyone realized we are full of crap and need it more than they even think, the price would probably jump beyond what it was before the threat!
I think the keyword is in your question... ';effectively';.





I don't think that is possible.
The gas companies would lower the prices
Not a damn thing.


Everyone would need gas real bad, the week after that.

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