Showing posts with label oil industry collusion. Show all posts
Showing posts with label oil industry collusion. Show all posts

Tuesday, April 22, 2008

Running Out and Cutting Down

As gasoline prices head toward $4 a gallon, there are signs Americans are starting to use less.

“Sustained higher gasoline prices are beginning to show up in lower gasoline consumption,” an analyst for the Energy Information Administration observes as usage declines for the first time in two decades, albeit by only a fraction of one percent. The drop was more dramatic last Christmas when total miles traveled in the US dropped 3.9 percent compared with a year earlier.

Not a minute too soon, according to Paul Krugman, who foresees hard times when "an ever-growing world economy pushes up against the limits of a finite planet" and rich countries "face steady pressure on their economies from rising resource prices, making it harder to raise their standard of living" and poorer countries "find themselves living dangerously close to the edge--or over it."

In this election year, politicians will talk darkly about oil industry collusion to raise prices, which may well be true, but not much about conservation. Voters don't want to hear about driving less, carpooling, using mass transit and buying fuel-efficient vehicles.

But $4 a gallon seems to be getting their attention, and $5 would have them spellbound. Starting to conserve now would help stave that off.

Earth Day would be a good time to start.