Western oil companies are losing powerI'm reading an advanced copy of a book called
ZOOM: The Global race to Fuel the Car of the Future, which has been a very interesting read thus far.
One thing, however, that has been particularly noteworthy is the focus the book places on oil. Rather than criticizing oil profits, it concentrates on how America's big oil companies are losing power.
Ultimately, more and more, oil reserves are in the control of just a few countries - many of which are neither interested in Democracy, nor in a strong America. Thus, the problems associated with foreign oil dependency have the potential to become far, far more detrimental and problematic for America than they are today. Yet today, foreign oil dependency and gas-guzzling is already empowering our enemies, while weakening the dollar and the economy.
Consequently, maybe $3.00 gas is good for America.
If gas were $1.50 per gallon, the
Toyota Prius would still be an unknown vehicle.
Hybrid cars wouldn't even be part of America's vocabulary, let alone
plug-in hybrid vehicles. Furthermore, America's foreign oil dependency would be growing dramatically.
Instead, high gas prices have made Americans more focused on fuel economy than ever before, and that's a good thing.
Since oil reserves are concentrated ever more in the hands of countries - many of which are anti-American - the likelihood of serious energy shocks in the future is growing and almost a certainty. In reality, $3.00 gas isn't an energy shock. It's a wake up call for revolutionary change.
Will America heed the alarm, or wait until gas prices hit $6.00, or even $10.00 per gallon?
Labels: Foreign Oil Dependency, fuel economy, Hybrid Vehicles, plug-in hybrid vehicles, toyota prius