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The New DU. Reply #11: Shortage?
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rustydad
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Thu Dec-09-04 07:42 PM
Response to Reply #3 |
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A shortage in electricity means usually a blackout. Meaning no electricity at all unless on has his own generator. On the other hand a shortage of transportation fuel is quite different. A shortage of gasoline causes prices to rise until the 'shortage' goes away because there is demand destruction, IE some people can't afford to drive as much or at all. The other option is what happened in the 70s oil boycotts. Then Nixon tried a form of rationing using restrictions on when one could fill your car. It didn't work and created all kinds of social unhappiness. The next time we have supplies below demand watch for ever higher prices. If one is poor think bike. bob
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