The question of whether or not protesters of new oil pipelines use petroleum products is not the issue.
The question should be: “Are those same people willing to pay more for those products if the price of oil goes up because the supply goes down?”
My thought is that the answer would be a unanimous “Yes!”
It will take a little bit of time for the markets to adjust to alternative energy sources.
Once they do, prices will fall to a more competitive level. If you need an example, just look at LED lights. Prices have fallen from more than $10 per unit to around $2 in a couple of years.
Marcel DeRoy
Saanich
