Why Gas Prices are Never Coming Down

Stoomcursus over #piekolie + de gevolgen, via @peakingoil: Why Gas Prices are Never Coming Down

So what? This is problematic on two levels. The first level is very obvious. More of my paycheck going to heat my home and get to work, not to mention buy my groceries (which are shipped by truck) and clothes (ditto), is going to push America’s fragile economy to the brink of Depression (in my opinion, we’re already there, but that’s another post). What good is a payroll tax cut of 2% when energy costs go up 20%? The second level is far more disturbing. Consider the massive, exponential growth of every yardstick by which we measure human development: industrial output, standard of living, quality of life, access to technology, access to communication, GDP, etc. Consider that these rapid advancements have coincided–although it is not coincidental–with the availability of oil. If you saw a timeline on a chalkboard that covered the last 200 years, and were asked to mark the b...

Full article: http://peakoil.com/consumption/peak-oil-why-gas-prices-ar...