Quote:
Originally Posted by dragon2368
Oil companies wouldn't go out of business if cars were able to get 100 MPG anyway. Gas prices would just go up.
Simple supply and demand.  |
This doesn't make sense. With 100 mpg, demand would go down. They would have to artificially restrict the supply significantly for "supply/demand" to cause gas prices to rise.
That's not to say prices wouldn't rise, it's just that the oil companies might raise them to allow for the same amount of total profit from less gallons sold. Supply and demand aren't the only things that determine market pricing. Don't forget pure GREED.