5 ms·
Gotta call BS. Gas in my area is currently $2/gal. I think it's highly unlikely to go up "orders of magnitude" in a short timescale, unless you're intentionally
by greedo 11y ago
Gotta call BS. Gas in my area is currently $2/gal. I think it's highly unlikely to go up "orders of magnitude" in a short timescale, unless you're intentionally using weasel words. There's plenty of oil around, wells are being capped due to oversupply/drop in demand.
- ams6110 11y agoAgree. And in inflation adjusted dollars, gasoline is about as cheap as it's ever been.
- kleiba 11y agoLucky you -- where I live, gas is currently $5.48/gal and that's on the cheap end.
- philovivero 11y agoI think the "orders of magnitude" phrase was a misunderstanding of exactly how large an order of magnitude is. Probably meant "an order of magnitude." I could see gas jumping to $20/gal pretty quickly if things go wrong in the right way.
- greedo 11y agoShort of a revolution in Saudi Arabia, or something along those lines, oil/gas costs aren't going to go up 10x. Although gas isn't perfectly linked to oil prices, a barrel of oil isn't going to hit $450 anytime soon. There's far too much accessible oil at under $100/barrel for this to occur.
- kirrent 11y agoExactly, people seem to forget how many oil sources are out there which become profitable at about $100 a barrel.
- csours 11y agoAnd MANY oil substitutes start making sense around $150 a barrel.
- aidenn0 11y agoIn addition, the fuel cost-per-mile (so I'm ignoring maintenance), is capped at about 30-40x that of an electric as we already know how to directly convert air and water into gasoline or ethanol substitutes at approximately that energy ratio (~10x the chemical energy, plus ~3-4x the thermodynamic efficiency of car versus battery cycle)