Wednesday, April 09, 2008

it is just not feasible in most areas to cut back on driving

It continues to amaze me when many analysis’s in the mainstream media site the mantra that a slowing economy is going to cause a significant decrease in demand of energy, barring a major depression in America most people need cars to manage there everyday lives, it is just not feasible in most areas to cut back on driving, the car is a necessity not a luxury. Sure higher fuel efficiency helps but the fact of the matter is that most people drive to go to work and drive to go to the grocery store ,so unless there are massive layoffs and unemployment jumps into the 30% level or everyone goes on the zone diet ,demand for gasoline is simply not very elastic.

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