Saturday, July 30, 2011

Gas Prices

Sitting in a presentation for the Wasatch Choices 2040 consortium. Chris Nelson is presenting, and just noted that 'Gas prices increasing at 3 times the rate of inflation, at a very predictable rate. Gas will be about $8 a gallon in 2020'. He argues against peak oil, but says the exponential increase in demand from China and India will continue to generate increasing price increases. Assuming MPG increases, with hybrids becoming 'standard', and 30 MPG becoming the 'low' acceptable end. Still: big, powerful muscle cars may again become a luxury item

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