Gasoline prices are temporarily lost in the angst of the credit crisis. But this too will end. Sometime in the next few months, some event is likely to set off a spike in gasoline prices. Be it a hurricane, terrorist attack, adverse geopolitical crisis or some credit crisis development, the realization will dawn that we are extremely short of gasoline and have little hope of remedying the situation over the short term. Then the troubles will begin.Read the entire story, here.
Don’t overlook the possibility that someday soon there will be a run on the gas stations. A tank of gas is so important in America today that at the first reports of an impending gasoline shortage many of us will rush to fill our tanks. If we all did this at once, the national reserve would be drained by something on the order of 50 million barrels. A lot of us are sure to be disappointed because there simply is not enough gasoline in the system for this to happen.
Friday, November 9, 2007
One Solution to Sprawl...
...a potential gas shortage: