When the high price of gas starts to bother me, I try to keep things in perspective. After all, I am truly a privileged person. People are being forced to go with out electricity so that I can have gas.
You see, oil is something everyone wants, but not everybody can have. So some people are going to have to do without. Thus, the free market raises prices until some people just can not afford to buy oil based products anymore. By forcing those people to drop out of the market, the free market ensures there will be enough for me (as long as I can afford to pay anyway).
The people that get forced to stop buying oil based products first are poor people in third world countries. Take Senegal for example….
The power cuts are largely due to problems purchasing increasingly expensive fuel to run oil-fired generating plants. Residents deprived of fans and refrigerators during the hottest part of the year, when daily temperatures rise above 90 degrees, were shocked by an unannounced price increase on their latest electricity bills.
[…] _uacct = “UA-1202685-1”; urchinTracker(); Map of the Ethereal Land The Ethereal Voice Front Page – Politics – Money – Knowledge – Art – Food – Fun Masthead About Why I am Special….. By Ape Man | April 13, 2007 – 7:02 pm Posted in Category: Money When the high price of gas starts to bother me, I try to keep things in perspective. After all, I am truly a privileged person. People are being forced to go with out electricity so that I can have gas. You see, oil is something everyone wants, but not everybody can have. So some people Click Here to continue reading. […]