NO Gas Shortage in 2009

DRaider90

DRaider90

Uwharrie Off-Road Volunteering
Joined
Oct 23, 2007
Location
Weddington, NC
There are people all ready spreading rumors about a gas shortage hitting us in the last part of 09. I think people don't understand the biggest problem is when people freak out and create shortages where there wouldn't be one. So hopefully this time around either A.)The rumor will die off, and/or B.)People don't freak out and create a shortage. :rolleyes:
 
sheeple
 
no its not the opposite.

Rumor and conjecture will likely create an imagined demand for a rather plentiful product. This demand will increase sales and drive up prices, also reducing availability. So now this causes an actual shortage because of hoarding and overpurchasing.

Unless you were refering to an actual shortage which if managed correctly by the people in charge will actually be hardly noticable. Unfortunately the people in charge usually flub it all up.
 
bonecrusher said:
no its not the opposite.
Rumor and conjecture will likely create an imagined demand for a rather plentiful product. This demand will increase sales and drive up prices, also reducing availability. So now this causes an actual shortage because of hoarding and overpurchasing.
Unless you were refering to an actual shortage which if managed correctly by the people in charge will actually be hardly noticable. Unfortunately the people in charge usually flub it all up.
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Nah Reid's statement was most likely in regards to Exxon recently lamenting that demand was at record lows and they were having to build refined storage facilities.
 
Interesting factoid, for which I have forgotten all the specifics, but.... back when we had the last big shortage, they said on the news, that if you assume all the registered on the road cars averaged a half-full tank, and everybody wanted to top off their tanks, the gas needed to bring everybody up to full was like 3 or 4 times what our nation's whole gas supply is (gas in bulk tanks at retailers, gas at wholesalers, gas stored at refineries, etc).
 
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