Five Percent: Conserve Energy

Climate Change Is Important: Energy Conservation is the First Step


March 21, 2010

Oil Prices over $80/bbl for last week, doubled since last year

Category: Climate Change,Energy Independence,Policy – Tom Harrison – 9:51 am

The stock market isn’t the only thing to have recovered since this time last year — in fact where stocks have increased by 48%, good old oil has doubled. Perhaps you have noticed — I paid $2.85/gallon for gas yesterday.

There are no suggestions that oil prices are going to tumble any time soon; on the contrary, gas is expected to pass $3/gallon this Spring.

Personally, my issue is climate change, but if you’re into the economy, or security, or other things, what part of this picture is unclear?

Click for a bigger picture, or get it from the source, WRTG Economics.

2 Comments

  1. $2.85/gallon? Tom, you’re lucky, we pay twice that in Europe.

    Mind you, I do get 40 miles per (US) gallon from my 20 year old Astra, so I guess I’m still better off than the average SUV owner in the States, even with our European prices.

    I guess since you own a Prius and work from home, you must be laughing. Or maybe not, our collective thirst for gas these days is no joke.

    Comment by Tony Wildish — March 21, 2010 @ 10:13 am

  2. Tony — a dirty little secret is that every time energy prices rise, I get happier. Not for the people whose lives will be impacted immediately by the pain, but for the lives of all of us — they’ll be impacted in a big way, over many, many decades. There was an old advertisement for a company selling car oil filters: “You can pay me now, or pay me later.”

    Seems like we have been choosing both by failing to take action.

    Tom

    Comment by Tom Harrison — March 21, 2010 @ 10:53 am

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