Oil Prices will Only Drop Through Meaningful Conservation

But gas may need to hit $4 a gallon before American consumers turn to smaller cars and alternative fuels, analysts say.

Read Time: 1 minute

April 7, 2005, 11:00 AM PDT

By Michael Dudley

"The signs are clear. The military hawks are saying it, the big banks are saying it. Peak Oil is now the barometer by which the pressure within the economic atmosphere will be forecast. The actions and statements of Goldman Sachs are pushing the inevitable ever closer.

"Meanwhile the International Energy Agency (IEA) has called for police-enforced driving bans to curb oil consumption and is urging oil-importing nations to adopt emergency oil-saving policies in case world supply dips significantly. One way or another, conservation is a must. It would be nice if we (the people) had some say in that process."

Thanks to Michael Dudley

Tuesday, April 5, 2005 in From the Wilderness

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