This weekend was fun to watch the media lose its mind over $4 gas. Read this article from the Star Bulletin. For months gas has been in the high $3 range, and that was no problem. But now, at $4, it is the end of the world as we know it. There were stories of people selling perfectly good cars to buy new energy-saving cars that will take them 25 years of driving to break even on the additional cost. People are going to ride bicycles and give up trips by car.
Yeah sure. The gas panic and all of the assorted predictions of the end of the world helps sell newspapers and increase viewer ship. But that is about all it is worth.
Take a look at this article. There is some excellent prospective in here – mixed with the craziness. Keep these perspectives in mind when you start telling yourself you can’t buy property now because it costs 20 cents more per gallon of gas. Especially in Hawaii where people sometimes have to commute as far as 12 miles to work. They finish the article with a quote from Jim Dator:
“I’m not aware of any available technology, or any other process, that can solve our problem other than conservation — reducing the demand and hopefully buying time,”
Source: Honolulu Star Bulletin Article 5/25/2008
The available technology has been around for over a 100 years, it’s called punching a hole in the ground.
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