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A radical shift: gas isn’t going to get any cheaper
Posted By katie allison granju
In announcing some huge changes to its business story today, GM’s top exec made this comment:
At the company’s 100th annual shareholder meeting in Wilmington, Del., Tuesday, CEO Rick Wagoner said the company is “moving quickly to respond to these changes,” which he said are likely permanent.
“We at GM don’t think this is a spike or a temporary shift,” Wagoner said.
GM says it will be mass producing and selling an affordable electric car called “Volt” by 2012.
Jun 3rd, 2008
Yep. It’s here to stay. I predict that gasoline will top out at about $6.50 per gallon and level out there for a few years. But really, that does not matter much one way or another. What really matters—REALLY MATTERS—is that we all start getting our energy act together now and fo the long-term. Jimmy Carter warned us about this and tried to wake us up to it in 1977. However, all of us were so worn out with bads news from Viet-Nam to Watergate to runaway inflation, to Iran hostages that we just could not bear the bad news. Ronald Reagan came into office knowing this and touting the good news that there was plenty of oil and that it would never run out. That set us hard on the road towards our gas guzzling SUVs—that Honda Odyssey van I bought in December—and here we sit. This may be our last chance to win the Energy War.
I like the idea of a Manhattan Project or a “Put a man on the Moon by the end of this Decade” effort to make this country energy independent and environmentally safe. Our history has shown that we do succeed at this kind of effort. And Knoxvillians, tell me honestly, the next time some tin-horn dictator threatens us with higher oil prices if we don’t do this or that of his bidding, wouldn’t you just like to say, “Sorry Jack, we don’t use that stuff anymore. Shove it up your ass. I hear it is a sovereign remedy for constipation.”
And of course, in 19th century Pennsylvania, in the years right before Edwin Drake struck his first big gusher, the locals bottled the upseep of crude oil from the ground and sold it as a cure-all for constipation. Wouldn’t it be great if we could make the history of petroleum come full circle. This is America. “Yes We Can.”