Can We Imagine Even Higher Gas Prices In The Near Future?
In February, before the major media picked up on this story, I wrote about this issue in February 2004 Gas Price Resistance and Independent Gas Stations (Search for Independent Gas Stations), Dont Buy Gas That Supports Arabs . Yesterdays New York Times (Sunday April 4, 2004) is finally writing about the issue of high gas prices. In their Week In Review section, the article “Imaginging a $7-a-Gallon Future” has the following interesting facts: • High gas prices have turned into a serious political issue • Prices have recently hit $3 a gallon in California. The national gas price is still at $1.76 • M. King Hubbert, a geophysicist, predicted in 1956 that 1970 would be the year of America’s peak oil production. • “Hubberts Peak” by Kenneth S. Defeyes, predicts global production peaking during this decade. • “Out of Gas”, by David Goldstein, predicts a “decline forever” after a peak to be reached probably within the decade. • Peak U.S. gas price: 1981, $2.80 (adjusted for inflation) • Afte
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