Friday, September 19, 2008

The Invisible Hand: Switching from Oil to Natural Gas

Another example of the laws of supply and demand at work.

Due to the high price of heating oil, Duluth households rush to natural gas before winter arrives (access to the article is gated):
"We’ve taken 350 requests this year, close to three times normal,” said Eric Shaffer, the city’s chief engineer of utilities. “We assume it’s due to the high cost of fuel oil."

No comments: