Pump Price Rant
by Mac McMullen - 11/10/07 10:08 PM
Its time to face reality. Pump Prices are going to continue to go up.
Use any number you care, and the result will be the same. Ill use 85 billion barrels as todays capacity of world production of crude oil, and 88 billion barrels as todays world demand.
Will the world run out of oil ? No ! The price at the pump will assure us of that, and bring demand in line with supply.
The only way to offset these numbers is development of alternative fuels and vehicles, and this is many years away in any reasonable measurement.
The price at the pump is not the only place this will be felt. Every store or service dependent upon fuel will reflect a pump price of one form or another.
It looks to me like $3.00 gas is on a fast track to good old days nostalgia, and there aint nothing the politicians can do about it, except make noise and blame someone.
Are you seriously thinking about how youre going to cope ?