http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/ Sun, 27 May 2012 08:45:01 +0000 hourly 1 http://wordpress.com/ http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13773 Wed, 09 Jul 2008 18:37:21 +0000 http://earth2tech.com/?p=2625#comment-13773 [...] purchase anyways, you might as well buy one that will save you hundred a year in gas. When gas hits $7 per gallon in 2010 (just 2 years), you will be glad you bought that [...]

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13772 Fri, 04 Jul 2008 09:04:15 +0000 http://earth2tech.com/?p=2625#comment-13772 [...] Rubin, unless something gives, that ’s what we can expect two pay — in less than two years time.read more | digg [...]

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13771 Thu, 03 Jul 2008 12:20:07 +0000 http://earth2tech.com/?p=2625#comment-13771 [...] 2008. Ongoing fuel subsidies keep oil demand high, causing oil prices to continue to rise.2010. Oil averages $200/barrel, costing roughly $7/gal in the United States. Results: stagflation, 15% less driving, SUVs/vans/trucks lose 50% of market share, vehicle sales collapse, 10 million fewer cars on the road, 20% of homes lose second car, collapse of auto jobs market, increased spending on fuel leads to decreased purchasing power.2010-2020. Oil remains at $200/barrel, and high oil prices force the Fed to raise interest rates, causing increased financial problems particularly in the housing market.Souce: Kevin Kelleher [...]

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13770 Thu, 03 Jul 2008 12:15:41 +0000 http://earth2tech.com/?p=2625#comment-13770 [...] Kelleher (a blogger focused on alternative fuels) analyzes a report (PDF link here) written by Jeff Rubin (CIBC World Markets) outlining a grim possibility of [...]

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13769 Wed, 02 Jul 2008 18:45:31 +0000 http://earth2tech.com/?p=2625#comment-13769 [...] details the scenarios that $7 gas would create, which include stagflation, fewer cars on the road, and [...]

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13768 Wed, 02 Jul 2008 17:00:59 +0000 http://earth2tech.com/?p=2625#comment-13768 @gus – as others have pointed out, the US is sorely lacking in public transportation. also, driving distances tend to be quite long here compared to most of the UK and much of Europe – many of us can’t afford to live near work, and the screwy zoning system in the US means stores and other necessities are usually spread out and require a lot of driving to get to them. so even those of us who drive small cars and limit driving are stuck burning quite a lot of gas – and money – in the current setup. although the US urban planning and infrastructure is the real problem, it doesn’t appear that the country will be rebuilt overnight. that’s why $7 gas is a bigger mess in the US than in much of Europe.

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13767 Tue, 01 Jul 2008 23:31:42 +0000 http://earth2tech.com/?p=2625#comment-13767 yes gus, but that means if the US is paying $7 then we in europe are going to be paying … $16 ? $20 ?

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13766 Tue, 01 Jul 2008 22:01:36 +0000 http://earth2tech.com/?p=2625#comment-13766 [...] one of the few growing, investible alternatives to petroleum is in a stock slump just as oil prices continue to climb. Such are the interesting times — and, for now at least, times that are short on capital [...]

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13765 Tue, 01 Jul 2008 20:23:23 +0000 http://earth2tech.com/?p=2625#comment-13765 Painful, maybe, but $7+ gasoline is the best thing that could possibly happen to America (and the world), in my opinion. We’ve had the technology to start turning our nation from an oil economy to a nuclear/hydrogen/solar/wind/wave/etc. economy for 20 years. Only now will we actually begin to see that transition manifest itself, and while the process will be a bit ugly, the long-term benefits, both economically and ecologically, will be massive.

]]> http://gigaom.com/cleantech/the-good-the-bad-the-ugly-of-7-gas-1/#comment-13764 Tue, 01 Jul 2008 18:41:28 +0000 http://earth2tech.com/?p=2625#comment-13764 @Gus I’m half-English and have been able to compare both gas prices and driving behavior in both the US and UK. Prices like that aren’t scary in England and don’t alter my driving behavior but only because they’ve always been similarly high. In the US, suddenly spending a larger percentage of income on gas would definitely be a shock, and at least where I live – an affluent, suburban area – there is no public transportation to speak of. We need to plan for it now and give people attractive alternatives to encourage them to drive less and use public transportation more. Otherwise the transition will really be a shock to the American system. It’s not necessarily that gas shouldn’t cost that much, it’s that we’re not prepared for the change.

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