by rcpresl » Thu Aug 07, 2008 11:15 am
Don't know how it is down in Knoxville, but I'm seeing an awful lot of pick-up trucks and SUVs sitting on the curb with FOR SALE signs attached up here in Pennsylvania. We have lots of people riding bikes to work and to shop, and several have bought the 50 CC Moped type scooters to get around. These are all good signs that Americans have started to adapt to the high prices of oil, and the car manufacturers are retooling to make more of the small cars. Prices are also coming down. When the price for a barrel of crude drops below $117/barrel, they predict that computer-driven selling on Wall St. will drive the prices even lower. I'm hoping that the trend toward driving less, riding the bus more and generally being less dependent on oil will continue. I wonder what it would take to cause us to really cut back on use of oil-based products, e.g, taking totes or personal pokes to the grocery store rather than using plastic bags.
Ray Presley 57