Originally Posted by RawAlex

Please add this: current price of oil (adjusted for inflation) is similar to 1972ish. The price of oil still has not gone up really anything in over 30 years. In fact, we have spent 30 years with fairly massive oversupply.

If everyone in the US driving an SUV or pickup switched to driving a Honda Civic or Chevy Cobalt, the price of oil would drop through the floor - If 5% or 10% is the needed difference, the needed difference can be made.

When oil hits $100-$150, then we can start to talk about alternatives. Until then, it is cheap, cheap , cheap.

I don't disagree with some of the guy's points, but I totally don't agree with his "the sky is falling". Oily Chicken Little.