Peak Oil update

Gasoline prices have gone over $5 a gallon in Atlanta. While it’s just a short-term spike caused by the hurricane, I suggest treating it as a rehearsal for the next few years.

The theory that we are hitting Peak Oil may be ‘controversial’ with politicians, but the situation is sufficiently serious that the oil companies are starting their PR campaigns now. Chevron now has a flashy new consumer web site warning bluntly that “the era of easy oil is over”.

Maybe you live down a dirt track and haul farm equipment. That’s great. But if not, I would strongly suggest selling that SUV while it still has some second-hand value. In a couple of years when gas prices are hovering at $4-$5 all the time, not many people are going to want to drive a 12 mpg behemoth.