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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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Please consider adjusting that web page to a final state before it is deleted. If you invest the time and energy toward understanding how this economic law works you may be surprise and delighted by it. It is very simple.
The latest addition added to that web page by me today concerns an article written about the relationship between the Oil supply and prosperity.
That is a simple enough relationship for most people to comprehend since most people use gasoline to fuel up their cars and trucks. A home bound grocery shopper may have to stop at the gas station on the way to pick up food for the family and find out that less food can be purchased because more money went to pay for the gas.
A business man running a fleet of trucks may have to cut costs, eliminate a few mechanics, and reduce the quality of his product since the loss of Oil increases the price he must pay to keep the trucks rolling.
These are all reverses of Joe’s Law. The opposite is the grocery shopper who now generates electricity at home with her Solar Panels and she drives to the store with her electric car. The cost of the Solar Panels and the Electric Car are paid by the new electric power generated by the Solar Panels and by the savings in the cost of gasoline. She has more pocket money because her monthly bills of electricity, loans, interest, and gasoline are lower since she invested in Solar Panels and an Electric Car. She has more money to buy better food and more food. She even has more money to use for the kids education.
The Fleet operator may have been running a factory with delivery trucks and his power is now increased with Solar Panels, a large Wind Generator, and hydrogen from water powered devices on his trucks to reduce his Diesel fuel costs by 20 percent. Perhaps his fleet of sales vehicles is now electric cars instead of gas guzzlers. The high cost of electricity at peak times is now a low cost of electricity during sunny days and windy days. The entrepreneur uses excess electricity during peak production hours (windy and sunny days) to pump water and do other work that can store energy for later use when the wind isn’t blowing and the sun is not shining. Excess power can even be used to produce hydrogen fuel to run a reciprocating engine attached to an electric generator. This wise entrepreneur is merely applying Joe’s Law and reducing costs by increasing power production. Compared to his competitors this entrepreneur can remain in business and flourish. His competitors continue to pay high electric costs, high gasoline costs, and high diesel costs. The competition downsizes for lack of power.
Next is an article to illustrate what happens when people invest power into the creation of power stealing products or power destroying products.
http://blog.washingtonpost.com/earlywarning/2008/05/a_secret_afghanistan_mission_p.html#more