A Thought for Cheap Gas Inhalers

We face a choice between radical transportation reform/urban reconstruction and Carmageddon.

For those who are tempted to inhale the smoke being blown about ignoring this choice and merely rallying ourselves to demand cheaper prices at the pump, here’s a thought:

It is far from clear that cheaper oil is even possible. Not all speculation is irrational. Even a nationalized energy industry would probably be buying and stockpiling oil now at high prices, based on the likelihood that future prices will be even higher, due to booming global demand and peaking supplies — neither of which even the most rational cheap gas organizers (like Ralph Nader) usually mention.

This is not the 1970s any more.  The trouble is much deeper this time.

The Problem Isn’t the Oil Companies…

Whenever corporate executives are summoned to testify on Capitol Hill, you can bet it’s for the wrong reason.

The recent testimony of Big Oil executives is a classic case-in-point. Marketed to the public as a stern interrogation of those mainly responsible for the nation’s rapidly deepening energy crisis, the whole thing was utterly faux, a true dog-and-pony show.

Here’s why:

Read moreThe Problem Isn’t the Oil Companies…