The question is not about peak oil, but just about consumption of gasoline by American drivers. Over the last several decades both miles driven and consumption of fuel have risen pretty steadily. However, one look at the automakers' sales numbers for the first half of 2008 clearly demonstrates that there is a fundamental shift in American behavior. The blend of gas over $4 a gallon and the general economic malaise has sent sales of the biggest, thirstiest vehicles into the toilet. People are als
A culture's fears always finds its way into that culture's media. The best example is probably the allegories of McCarthyism in the film Invasion of the Body Snatchers. Peak Oil and climate change have seen their share of movie dramatizations, but Mad Max and The Day After Tomorrow were more cartoon-ish than terrifying.
It's not uncommon for us to do a little bit of forward thinking and try to predict how gas prices will rise or fall in the near future. We've thought about how a successful Tata Nano could raise prices for everyone and wondered - with 72 percent of Americans - just what we'll do if $4 gallons of gas make their arrival this summer. There's even a game based on the idea that we're running out of gas over at World Without Oil (current price there is $5.59/gallon). The bigger picture, though, is the
While new discoveries of natural gas in the United States exceeded consumption in 2006, the same was not true for crude oil. Overall, proven reserves of crude oil in the U.S. dropped by four percent last year with the Gulf of Mexico and Alaska dropping ten and seven percent respectively. Previous estimates of reserves in those two regions were revised downward while little new oil was discovered. Utah had the biggest increase at thirty percent with Colorado and New Mexico also discovering a litt