Ziggurat
Penultimate Amazing
- Joined
- Jun 19, 2003
- Messages
- 61,700
Your argument is entirely wrong, and still you backpedal.
No, GreyICE. Price and efficiency are not the same thing. Price is not even a proxy for efficiency. It is entirely wrong to conflate them. Yet you aren't even backpedalling on this error, you're charging forward.
The rise in price represents a very similar situation - a sudden change in the cost/benefit analysis of shipping long distance.
On spending, perhaps, but not on consumption. And we're talking about efficiency and consumption, not price and spending.
The result was not a net decrease in shipping proportional to the cost/benefit change.
Even on the price/spending front, you get it wrong. Elasticity, GreyICE. Look it up. Nothing I ever said indicates differences in elasticity don't exist.
An increasing efficiency in fuel usage would result in less fuel used, overall. You seem intent on denying this. This makes no sense.
And yet, that's exactly what history indicates: increasing fuel efficiency for transportation, as well as an increase in both the amount of transportation provided AND the amount of fuel consumed to provide that transportation.
I guess it's a little bit like expecting a company to increase its profits by dropping its prices. That evidently must make no sense to you either. Yet it too happens.