http://www.fcnp.com/624/peakoil.htmThe author once again hit the nail on the head when he writes "Number one is that hardly anybody recognizes there is a problem". Until then its business as usual. Shop, spend and waste.. The American way!
Anyone who studies peak oil for very long soon learns that oil-for-export is going to dry up a lot faster than oil-for-domestic-consumption and those countries that import most or all of their motor fuel are going to have problems very soon. Here in the US , with our 10 million barrels a day (b/d) gasoline habit, we are going to be leading the pack to new ways of motoring.
Our cars will very quickly come to be valued for one characteristic: how far can they go on a gallon of gas. To get through the first decades of peak oil, only those that get very high mileage, or preferably do not use liquid fuels at all, will be affordable or useful for most of us.
Manufacturers certainly can make 40-mpg cars— Europe is full of them. They know how to make 100-mpg cars— Volkswagen had one for a while that got 235 mpg. They know how to make plug-in hybrids that can do a lot of their running on off-the-grid electricity. Satisfactory, affordable batteries appear to be on the way. Detroit even knows how to make electric cars that require no fossil fuels at all.
There are two major problems in getting from today's world to one in which our motor vehicles consume only a fraction of the fuel they currently use. Number one is that hardly anybody recognizes there is a problem, and number two is what to do with the America 's inventory of 200+ million cars and light trucks. There’s unlikely to be enough money or production capacity to replace them with little, ultra-efficient cars after oil imports take a precipitous drop.