We're coming for your SUV's:
Eight in 10 people say it's important for Americans now driving sport utility vehicles to switch to more fuel-efficient vehicles to reduce the nation's dependence on oil, a poll found.
With gas prices hovering around $3 a gallon nationally and the price of natural gas rising sharply, six in 10 said they are not confident President Bush is taking the right approach to solving the nation's energy problems, according to the survey by the Pew Research Center for the People & the Press.
What's funny, though, is that gas prices are "outrageously" high, yet our consumption continues as is. There has been no drop in demand. In fact, a recent survey I saw showed that our demand has actually increased a bit over the past few months.
What does this mean: It means $3 a gallon for gas must not be outrageously high.
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3 comments:
Is it really that bad? Think about it... a gallon of milk now costs about the same as a gallon of gas... I can do a heck of a lot more with the gas than I can with the milk.
A large percentage of Bush's assets are in a blind trust and a large percentage of those are tied to the oil industry. If you look at the earnings report for the seven major oil companies, they are the highest they have been in decades. The price of oil is up and it obviously not hurting the gas companies, they simply pass it along to us. Bush has been in bed with the Arabs for years. It's no coincidence that the Saudi's are enriching themselves with the oil policies of the US over the last twenty years.
Is it a coincidence that when Bush was losing millions with the Texas Rangers that the Saudis loaned Bush $100,000,000 and then forgave the loan???
Three bucks a gallon, looks like a good deal for the Bush's.
Gasoline demand is going to stay relatively stable, even if it goes up to $5 a gallon, maybe more.
Our levels of discretionary spending, however, will drop as we "siphon" funds away from entertainment/luxuries/savings...
Somewhere there is a price point for gasoline that will finally outweigh the inconvenience, lost time, and hassle of using our completely inadequate mass transit systems, but we aren't even close to that yet.
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