• I'd venture to guess it would be lower, given the nature gas prices - when demand is constant, and supply increases, price decreases. Then again, that assumes demand wouldn't have increased proportionally to the increased supply. Even though our usage of gas and oil has increased, it's increased at a lower rate that might have been projected, largely due to use of alternative energy sources and reduced energy consumption as a result of the currently very high price of oil. It's not clear whether we might not have used more oil (and thus, gasoline prices would be affected) if we had drilled in Anwar. I would guess based on trends that the price of gas would have been somewhat lower, but, perhaps not significantly. I think the nature of complex systems like economics make answering this question necessarily difficult to do with anymore clarity than that.

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy