The mighty media blender is furiously trying to spin things every which way but right. Around here, what we care about is information and context, two essential elements to making correct decisions.
You might have recently read an article that put forth the idea that US gasoline consumption has peaked, never to recover its 2006 highs. That’s a powerful assertion and deserves to be carefully examined, not blindly accepted.
US gas demand should fall for good after ’06 peak
The world’s biggest gas-guzzling nation has limits after all.
After seven decades of mostly uninterrupted growth, U.S. gasoline demand is at the start of a long-term decline. By 2030, Americans will burn at least 20 percent less gasoline than today, experts say, even as millions of more cars clog the roads.
The country’s thirst for gasoline is shrinking as cars and trucks become more fuel-efficient, the government mandates the use of more ethanol and people drive less.
My, that sounds very comforting indeed. 20 percent less gasoline would be a huge improvement, and in only 20 more years. I wonder which “experts” are saying this?
“A combination of demographic change and policy change means the heady days of gasoline growing in the U.S. are over,” says Daniel Yergin, chairman of IHS Cambridge Energy Research Associates and author of a Pulitzer Prize-winning history of the oil industry.
Ah.
by sailaway 
