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Message: <blockquote data-quote="Rmsanger" data-source="post: 4488629" data-attributes="member: 544424"><p>I don't believe $8 gas is sustainable, the demand curve inflection point will probalbly come at $5.50 - $6.50.  Even a Monopoly or Oligopoly like OPEC will seek to maximize profits.   Since supply is fixed in the short-term and we are at about 85-90% consumption capacity now, there isn't alot of room to shift the move along the supply curve.   So then the key factor is your demand curve and specifically the price elasticity of demand.  It isn't just a problem here in US the issue is global and as the price gets bid up we will be able to maintain consumption level much more effectively than others.</p></blockquote><p></p>

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