I may not be an econ major, but my major (political science) deeply requires economics, and I did take several courses involving that (I am taking a course called business ethics this upcoming semester but it is more for my general education requirements). I never said supply and demand is an upward curve. But when it comes to power, the more that is demanded the higher prices go up, and we in California know that dearly. By the way, if you put a lot of strain on a power plant by demanding that it produces more power you run the risk of a fire or even a plant meltdown. What happened in Santa Monica yesturday was a much smaller scale outage but it equals a electrical meltdown. Myspace for example was knocked out because of that outage. The circuits overloaded and there was a fire. You need to take into account natural forces, which no offense or anything, they don't seem to teach you in economics. You cannot just demand that a power plant produces twice the amount of energy. You actually have to upgrade or expand it.
you'd have to upgrade if the plant is already function at capacity. Most plants aren't. Many petroleum currently keep many of their generators off and overtax the ones that are in use. That's what happened in the east coast black out several years ago, and that's what happened in Santa Monica. This is documented in many newspaper reports. But I was talking about green energy. Natural gas plants as well as solar and wind plants which still have room for increased capacity. With these plants, demand increase will indeed bring down the per unit cost for quite a while until we hit critical mass, but that's a long way off.
[quoteI highly doubt that is true. The Prius is just a better vehicle and is more cost efficient. The prices are going down for hybrids much faster then they are for electric vehicles, and lets face it... people work in the petroleum market too and it would be disasterous for them if we make a switch to electric. I just think about long term implications.[/quote]
the numbers are what they are. doubt all you want. but when these cars hit the road next year, we'll know for sure.
You are making this up in my mind. Hybrids are very effective and can be reversed engineered to go faster, and run longer then electric vehicles.
so you're calling me a liar. great. but research into internal combustion engine and electric engine before you actually make such a serious accusation. The electric engine will run cooler because it doesn't generate heat while converting gas to energy. As such, it is less prone to wear and tear. In addition, it can generate more speed precisely because with less heat, there's less friction and thus less strain on the engine.
and we can keep arguing, but this car is hitting Californian road in early 2007, so we'll see the stats and compare. In any case, it's a very viable option, that may not be for everyone, but it's an option in any case. and more option for consumers is a good thing.