tag:blogger.com,1999:blog-8052421227403333133.post6684033605187308650..comments2014-03-09T19:56:11.987-04:00Comments on Bayley Hazen Blog: Dramatic demonstration of the law of supply and demandUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8052421227403333133.post-59985855452220094662011-04-02T04:32:16.272-04:002011-04-02T04:32:16.272-04:00Speculators speculate based on what they think the...Speculators speculate based on what they think the market will do in the future. If government policy was to drill here in the U.S., speculators will bid the price down. When Bush opened up drilling offshore, speculators got cold feet. I don't think speculators will ever believe that Americans or anyone else will conserve enough so that demand goes down significantly. And energy use is more dependent on economic activity than individual households conserving. For example, a small plant in St. J--Weidmann--spends one million a year in electricity. If they expand with a good economy, their electricity use will outpace any conservation Vermont households may practice.Deb Bucknamhttps://www.blogger.com/profile/09343661159031433250noreply@blogger.comtag:blogger.com,1999:blog-8052421227403333133.post-29012621530531957802011-04-01T17:17:19.752-04:002011-04-01T17:17:19.752-04:00The Price of Gas is in a very big part because of ...The Price of Gas is in a very big part because of speculation as the chart shows. When Speculators got cold feet the price plummeted..<br /><br />More drilling will not have nearly the effect that<br />public opinion will have. IF we all say we are going to conserve then prices will go down because Speculators will not bid the price up.Anonymousnoreply@blogger.com