5 ms·

I hate to be the bad guy, but they earn that money from the people who pay the price of the high oil prices. A real act of altruism is to actually do something

by return0 13y ago

I hate to be the bad guy, but they earn that money from the people who pay the price of the high oil prices. A real act of altruism is to actually do something to reduce those prices.

scotty79 13y ago
Why would you reduce prices on finite resource?
- return0 13y ago
  To counter OPEC artificially limiting supply to keep prices high.
  - scotty79 13y ago
    Still I don't get why lower oil prices could be any good to anyone. It make gas guzzling technologies unreasonably economical, lowers necessity for technological progress and makes people burn finite resource that's needed for making a lot of 20-21 century materials.
geoka9 13y ago
The real act of altruism is to do something to avoid burning oil at all. This way you get to be altruistic towards your posterity as well. The interesting question is, do high oil prices help this cause or not?
- toomuchtodo 13y ago
  Use high oil prices to invest in renewables and electric vehicle companies with your sovereign oil fund. High oil prices definitely cause people to adjust their behavior (consider EVs, use public transit,etc [demand destruction]).
  - eru 13y ago
    On the other hand, high oil prices also lead to more oil exploration.
- Dewie 13y ago
  There are people who want to, at the least, not open up any more petroleum reserves. The problem, which many are worried about already, is what industry would fill the void either when the oil runs out, or they opt to not dig up more? http://en.wikipedia.org/wiki/File:Norway_treemap.png http://en.wikipedia.org/wiki/File:Norway_treemap.png
jotm 13y ago
Yeah, it doesn't work that way. Does anyone give Norway free metal or food? No, they buy it. Their oil prices are also average, so if anything, blame the top 6 exporters for the high overall price :-)
- eru 13y ago
  Blame the people who don't export oil.
quink 13y ago
There are so many externalities that aren't accounted for when you sell it for a dollar a litre, it's unfair to future generations. Also, Norway isn't all that excessive in international comparison: http://www.aip.com.au/pricing/internationalprices.htm http://www.aip.com.au/pricing/internationalprices.htm Saudi Arabia doing 16 cents a litre isn't helping anyone: http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_pricing#Typical_gasoline_prices_around_the_world http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_p... http://www.tcs.ch/de/assets/reisen-camping/reiseinfos/themen/essence-tcs-2013.pdf http://www.tcs.ch/de/assets/reisen-camping/reiseinfos/themen...
kzrdude 13y ago
There is no right to have oil, and it is still very cheap for all the work it can do for us.

by return0 13y ago

I hate to be the bad guy, but they earn that money from the people who pay the price of the high oil prices. A real act of altruism is to actually do something to reduce those prices.

scotty79 13y ago

Why would you reduce prices on finite resource?

return0 13y ago
To counter OPEC artificially limiting supply to keep prices high.
- scotty79 13y ago
  Still I don't get why lower oil prices could be any good to anyone. It make gas guzzling technologies unreasonably economical, lowers necessity for technological progress and makes people burn finite resource that's needed for making a lot of 20-21 century materials.

geoka9 13y ago

The real act of altruism is to do something to avoid burning oil at all. This way you get to be altruistic towards your posterity as well. The interesting question is, do high oil prices help this cause or not?

toomuchtodo 13y ago
Use high oil prices to invest in renewables and electric vehicle companies with your sovereign oil fund. High oil prices definitely cause people to adjust their behavior (consider EVs, use public transit,etc [demand destruction]).
- eru 13y ago
  On the other hand, high oil prices also lead to more oil exploration.
Dewie 13y ago
There are people who want to, at the least, not open up any more petroleum reserves. The problem, which many are worried about already, is what industry would fill the void either when the oil runs out, or they opt to not dig up more? http://en.wikipedia.org/wiki/File:Norway_treemap.png http://en.wikipedia.org/wiki/File:Norway_treemap.png

jotm 13y ago

Yeah, it doesn't work that way. Does anyone give Norway free metal or food? No, they buy it. Their oil prices are also average, so if anything, blame the top 6 exporters for the high overall price :-)

eru 13y ago
Blame the people who don't export oil.

quink 13y ago

There are so many externalities that aren't accounted for when you sell it for a dollar a litre, it's unfair to future generations. Also, Norway isn't all that excessive in international comparison: http://www.aip.com.au/pricing/internationalprices.htm http://www.aip.com.au/pricing/internationalprices.htm Saudi Arabia doing 16 cents a litre isn't helping anyone: http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_pricing#Typical_gasoline_prices_around_the_world http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_p... http://www.tcs.ch/de/assets/reisen-camping/reiseinfos/themen/essence-tcs-2013.pdf http://www.tcs.ch/de/assets/reisen-camping/reiseinfos/themen...

kzrdude 13y ago

There is no right to have oil, and it is still very cheap for all the work it can do for us.