Has anyone ever calculated how much oil would be saved nationwide if oil changes went away from 3ooo to 5000?
Kuato said:edwardh1 said:I'm sure someone in an economics department somewhere has. But then they went on to discuss how that would negatively impact profits of oil companies, causing a rise in oil and gas prices due to "lost revenue" blah blah blah or some othertype of statements.![]()
I am an economist and have never seen an estimate of the savings. However, I can assure you that economists would not predict a rise in the price of oil or gasoline. Going from 3K to 5K oil changes would reduce the demand for oil, which in turn, should reduce the price of crude, refined oil and gasoline. It's pretty elementary supply and demand analysis.