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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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The Peak Oil Crisis: The Future Of Our Cars – Part 2
Consumption; Demand; PricesWithin the next ten years the size, shape, efficiency, fuel and numbers of private automobiles is going to undergo a radical change. The nine million gallons of gasoline we currently use in the U.S. each day simply will not be available in the quantities desired at any price. If a transition to a more abundant fuel source than gasoline and diesel does not take place on a widespread basis before the shortages begin, there will be troubles. It is virtually certain that at some point the government will have to impose rationing that will keep functions vital to our society such as food, water, utilities and public safety functioning. The rest of us are going to have to find alternative means of transportation.

The solution to this problem is likely to be a much more diverse set of vehicles and modes of transportation than we have become accustomed to in the last 100 years of the automobile age. Despite their terribly low efficiency, the automobiles we now enjoy are incredibly flexible machines that can take us comfortably and inexpensively down the block or across the country in nearly all kinds of weather. In some forms the personal car could not only carry us, and a goodly number of friends or relatives, but also an incredible amount of stuff. As gasoline has nearly always been cheap and plentiful few gave a second thought to using a 4000 pound vehicle to transport a 150 pound person many miles to buy a pack of cigarettes at who-cares-how-few miles per gallon.

Our options for personal transport in the nearer-than-we-think future are going to be highly dependent on the timing of a number of situations currently developing. For example, if some man-made or natural catastrophe takes away a large portion of our gasoline supply overnight, there would, by definition, be no choice than to cut way back on driving, form car pools and use whatever public transit is available. While it may be a shock to our sensibilities and accustomed lifestyles, loading four to 15 people in a car, SUV or van can provide a lot of passenger-miles for a fraction of the fuel we use today.

Falls Church News Press

Posted on Thursday, January 31 @ 06:38:54 PST by waegari
 
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Re: The Peak Oil Crisis: The Future Of Our Cars – Part 2 (Score: 1)
by OilMagnate-Not on Thursday, January 31 @ 08:40:26 PST
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"As gasoline has nearly always been cheap and plentiful few gave a second thought to using a 4000 pound vehicle to transport a 150 pound person many miles to buy a pack of cigarettes at who-cares-how-few miles per gallon."
Guess we've all done something on that order.  You get bored, think about something you want like a chocolate bar and off you go to listen to tunes, roll down the windows adn spend some discretionary income on twenty seconds of empty calorie intake.  That's part of the human experience, or at least up until prices for fuel reached such recent highs, and greater ones in the future. 
 



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