Thursday, June 05, 2008


The latest "high gasoline price" spin has been the drop in truck and SUV sales. I'm happy to hear this. No one needs a Hummer to go grocery shopping. And no, I don't feel sympathy because people are paying $100+ to fill up those things because low gas prices are what encouraged people to shift to the suburbs and buy gas guzzlers, thus increasing our consumption rate here in the US. So that's the upside of high gas prices -- people are shifting their behaviors and thinking about conserving and to an extent, environmentalism. Problem is, we've been there done, that before, and succeeded in bringing prices so low that people forgot about being held hostage to OPEC. Let's hope that doesn't happen again.

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