Here are some key points missing from this thread:
WORLD OIL SUPPLY IS ARTIFICIALLY LIMITED.
OPEC is a cartel... they keep supply low to keep the prices and their profits high. 10 years ago I paid $0.73/gal because OPEC was "overproducing." Today, gas is SEVEN times as expensive.
EUROPE'S HIGH GAS PRICES ARE SELF IMPOSED.
They are due to huge taxes imposed. $8/gallon? Yes but $3+ is tax in many places. This affects demand and has encouraged more efficient cars. The fact that Euro's have skinnier streets also forces smaller vehicles.
THE US IS A LOW POPULATION DENSITY DEVELOPED COUNTRY.
This means Euros can have better transit systems. This means that Euro's can tolerate higher gas prices because they have shorter to drive. This means that 'mericans all have longer drives than Euros. Vespas wouldn't work as well on 20 mile commutes. This is just a fact of geography AND poor planning going back 50+ years. When you look at Phillipe's map, you see the highest per-capita users are developed and low density. There is a push for mass transit, but do we see any trend towards revising suburban planning? Thank heavens telecommute jobs are on the rise...
A BIG CAR CAN BE MORE EFFICIENT THAN A SMALL CAR
A single smug person in a 40mpg car has a larger carbon footprint than 3 people in a 15mpg SUV. It depends on your regular use. There is a reason that airlines compute passengermiles/gallon, not simply mpg.
THE US DOES HAVE HUGE UNTAPPED OIL RESERVES
Congress just voted to continue the ban on extraction from Oil Shale. The US has the worlds largest known Oil Shale reserves. We have enough oil to 100% self-supply for 100 years. It's simply a matter of cost and will.
THE MILEAGE KEEPS GOING DOWN
Trucks keep getting bigger... so do cars... why do hybrids today get 40mpg but a 1980s CRX got 35mpg without a hybrid? Today's Tacoma is as big as a Tundra from a few years ago! Find me any 1/2 ton truck? Hell, you have trouble finding any 4-door vehicle that is <=1/2 ton. If the prices are sustained, the market will respond, but we truly need an alternative renewable fuel supply. This will stabilize prices too!
I drive an Accord. I am about to switch to something that uses more gas because I need the capacity. Yech...
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