Wednesday, June 4, 2008

Good article

http://money.cnn.com/2008/05/07/news/economy/120_oil/index.htm?postversion=2008050812

The truth is, the price of gas went from $.89 per gallon to about $2.50 per gallon with little change besides alot of complaining. This means that for the longest time gas was completely undervalued in our free market economy. This relatively cheap form of energy fueled the huge growth in our country thru the 80's and into the 90's as we became a society totally dependant on cheap transport. Now, as prices soar above $4 per gallon, I believe we are hitting a tipping point that will not bring about disaster, but will bring about a change in consumer habits. That is what Petropinching is all about. People are talking and taking notice, which will in turn change habits.

The price of a gas of gallon is accurate - if it were to go down we would only start to overconsume again. Hopefully, we can all appreciate the price of gas as it is today and adjust appropriately.

No comments: