Re: [asa] $4 gas is here to stay

From: Merv <mrb22667@kansas.net>
Date: Fri Dec 05 2008 - 08:47:20 EST

As you say, he will be proven right. And that may even still happen in
the fairly short term, given the volatility of these times. Hopefully we
and our leaders will treat this as nothing more than a respite during
which we can try and get sensible energy policy together.

--Merv

gordon brown wrote:
> On Wed, 4 Jun 2008, Glenn Morton wrote:
>
>> So, to answer the question of this thread, no, $4 gasoline is not
>> here to
>> stay. It will be recalled fondly next year and the year after as
>> evidence of
>> how good we had it way back then. Remember, it was only last
>> September that
>> oil prices were around $70/bbl.
>>
>
> As I was deleting old e-mails, this one caught my attention. Glenn is
> the expert whom I trust for information on oil supply, and I know that
> in the long run he will be proven right, but neither he nor the rest
> of us foresaw the decline in demand that has occurred in the last few
> weeks. This reminds us that sometimes events happen that none of us
> expected.
>
> Gordon Brown (ASA member)
>
>
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Received on Fri Dec 5 08:42:39 2008

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