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Originally Posted by kane
much is this may be true. I don't know that the opec nations are capable of producing much more oil. But I agree with you that oil will have to skyrocket before we would conserve. They could kick the price of gas up to $5.00 a gallon tomorrow and we would bitch, but we would buy just as much.
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I've heard some economists suggest prices would have to go as high as $10.00/gal before serious changes would happen. They figure $5/gal could be absorbed, citing prices nearly at that level in some european countries (of course, euros have smaller countries with generally better public transportation as alternatives to driving a daily commute... but realistically, we're all just gazing into the crystal ball here anyways right?)