Fuel cost in the future

It really doesn't matter to me what the price of fuel is, the FSC takes care of any changes. I am far more worried about VMT's being widely adapted.

 

I don't discount large increases in future energy costs; it's obvious that the days of cheap energy are behind us. The real question is can our economy (and for that matter the world's overall economy) withstand that kind of economic shock- without going into a tailspin? FSC should cover our costs, but we still need abundant freight to haul.

 

The economy can't take a 300% rate increase. That would put the pump price at around $12/gallon. When diesel got up to $5/gallon, the economy took a nose dive. Even now when diesel is under $4/gallon in most places, the economy is struggling. There are still areas where freight is either very soft or non existent, or so it seems. For the trucking industry to absorb $12/gallon fuel, rates would need to triple. That in itself would kill the economy. In fact, the economy would be killed long before fuel got to $12/gallon. The EPA needs to be dissolved. We don't need it. Many of the species that the EPA said were extinct have later found to be abundant, such as the Tennessee Snail Darter. Ethanol can and does damage engines at 10%. It would be much worse at 30%.

 

I wholeheartedly agree, they have an axe to throat of any business or monetary based business/project & care very little for the consequences associated. Their agenda is out of control.

As well, can you imagine the cost of food products?

 

People could not afford to buy food or have enough money to buy fuel to get to work.

 

@ some point in the near future of the Industrial Revolution the use of fossial fuels will have to be replaced with other energy sources. Otherwise our Economic platform will disintegrate. There's only so much natural resource. Once it's gone or inaccessible civilizations collapse. Seems like mankind is nearsighted to it's own demise.

 

At Herculanium, the folks weren't worried until the pyroclastic cloud coming down Vesuvius was upon them. Nothing different here...

It's "What Me Worry" until the oil pump runs dry. That price forecast is a recognition of world demand for oil totally outstripping supply. The much larger increase of the price of diesel is most likely reflective of the much larger world demand for that fuel over the demand for gasoline.

 

Im all for fossil fuels being priced so ridiculously high that people are forced to adapt. Saudi Arabia gets 80% (or more) of their food from the U.S. they cant do anything about that, we have the ability to turn corn (grown in the USA) into gas, and soybeans (grown in the USA) into diesel. We need higher fuel prices to get to 100% American independence. Saudi Arabia will go broke, AND they will STARVE when they cant afford to buy food from us. They deserve everything they will be getting in 20 years. That is how we win the war on terrorism.