Geek News: Latest Technology, Product Reviews, Gadgets and Tech Podcast News for Geeks


Tag: gas shortage

Don’t let old media drive up Gas costs

Posted by GNC at 2:32 PM on September 13, 2008

I sure hope the IQ of new media consumers is higher than that of the average old media watcher. I do not watch much news on TV. It is a waste of time. Well last night my friend is telling me about gas going up. We are in Georgia. So apparently the hurricane has disrupted a refinery in the Gulf of Mexico ….again. The talking heads on the news are saying gas will be in shorter supply and the price will rise. They say you might want to fill up before it happens. Well this sends the thundering herd of idiots out to line up at the gas stations. What do you think happens when people are lined up to buy a product whether or not there is a shortage? The freaking price is going up big time. If I am a barber & I see a line of people out my shop doors, I only have time to do so many haircuts. So my time becomes more valuable so I can raise the price. Supply & demand people! I have no doubt the news people are right when they say prices will rise but they cause a panic by promoting fear as usual. So the prices go way beyond what they would naturally. New media providers are hopefully more responsible than the old school TV people. They don’t have to promote one bad thing after another to keep consumers watching or listening. What if CNN said that drinking bleach is absolutely necessary for good health? I bet 5% of the population would wake up dead the next morning! The herd mentality has to stop. If all I can do as a part of new media content is call out people for doing dumb things so be it.