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I just heard from a friend that says that if we used 20% less in the USA we would force the price back down to less than $2 in about a week or two. The crude is coming in as fast as they refine it and put out the gasoline - we stop buying as much and the stuff has to go somewhere and ends up in the reserve tanks until they get full then they lower the price to sell more and we WIN! Supply and Demand!
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And that is why the oil companies don't want alternatives to take hold.
With America's cars accounting for 40% of the national oil consumption for their fuel alone, the oil industry wouldn't make near the profits they do now if people were driving around in EVs and 60+ mpg aerodynamic full size high performance luxury cars.
Realistically, with today's technology, we could probably cut oil use by 75% without compromising living standards. But the oil industry just won't have it, niether will big government, and niether will the auto industry. Too much money to be made, despite all the environmental damage, despite the declining discretionary income from increasing driving costs, despite the health affects of pollution, despite the oil wars, despite terrorism in relation to oil politics, despite declining natural resources... it's about money.
Looks like the rest of us will have to face the consequences of oil gluttony while the fat cats get to reap in the profits, hardly sharing a dime.
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