STFU about the price of gas

[Bible_Belt]

Maybe we'll get better cars like the Tesla roadster become mass produced.

I just read about that car, and it kicks a lot of ass.

http://www.momist.com/blog/uploaded_images/Tesla Roadster-724816.jpg

http://en.wikipedia.org/wiki/Tesla_Roadster

0-60 in under four seconds is almost as fast as my R1. I wonder what the top speed would be without the governor set at 125. I also wonder if there is a way to build one of these cars yourself. One can drop a small-block chevy V8 into just about any lightweight car and make it fast. I wonder if that concept could be applied to electric motors, and you could buy the motor and battery, then drop those into a cheap rolling chasis of a light sports car like a 1970's Nissan Z and have an electric 'rat rod' that would do zero to sixty in four seconds.

 

[ARrocket]

Don't know if this has been mentioned or not, too lazy to read all the posts

Look, if gas is gonna keep increasing in price...consumption will decrease, yes, but IT'S NOT GONNA BE DRASTICALLY DIFFERENT!!! For the most part, gas is an inelastic good; people will still be buying gas. Yes, the demand will decrease, but there won't be people everywhere walking and riding bikes.

Although I am feeling the pain at the pump everytime I gas up, I see that the rising gas prices are indeed good in the long run. With the costs rising, there will be more invested into developing alternate fuel methods. Also, money will be invested into improving public transit systems throughout the country. I don't know about the rest of the US, but here in Milwaukee, public transit sucks; I'm assuming that outside of perhaps NY and Chicago it sucks in most places.

 

[ketostix]

Look, if gas is gonna keep increasing in price...consumption will decrease, yes, but IT'S NOT GONNA BE DRASTICALLY DIFFERENT!!! For the most part, gas is an inelastic good; people will still be buying gas. Yes, the demand will decrease, but there won't be people everywhere walking and riding bikes.

I agree that people will have to continue to buy gas. It's like electricity or water supply almost. It's basically a utility. Even if demand lowers I don't see prices dropping since I don't think demand is the reason for the price increases in the first place.

Although I am feeling the pain at the pump everytime I gas up, I see that the rising gas prices are indeed good in the long run. With the costs rising, there will be more invested into developing alternate fuel methods.

Well cost increases are never a good thing. The alternative fuel methods are just going to be more money out of your pocket.

Also, money will be invested into improving public transit systems throughout the country. I don't know about the rest of the US, but here in Milwaukee, public transit sucks; I'm assuming that outside of perhaps NY and Chicago it sucks in most places.

I don't see public transit being a solution. Unless you live in a very densely populated inner city, public transit isn't likely to ever be convienent. It's impossible to provide convient public transit through out N. America. People can't just abandon their houses, property and cars just to live in a dense urban areas. I guess we're just going to be paying more and more of our income to the energy producers. They found they can suck more of people's money up and there's nothing to stop it.