"Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side"
- John W. Snow
About this Quote
John W. Snow is recommending that higher energy prices can be helpful in several ways. To start with, greater energy costs can lead to higher conservation and energy performance, as individuals are more likely to be mindful of their energy use when prices are higher. Second of all, higher energy costs can likewise play a beneficial role on the supply side, as they can incentivize energy producers to increase their production and supply more energy to the market. This can assist to guarantee that there is a stable supply of energy readily available, which can assist to keep prices stable. Overall, John W. Snow is suggesting that greater energy rates can be advantageous in numerous methods.
This quote is written / told by John W. Snow somewhere between August 2, 1939 and today. He/she was a famous Economist from USA.
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