THE GAS-GUZZLER LOBBY STOPS TIME

…By 2020, when the 35 miles per gallon standard kicks in, 35 miles per gallon will sound like ancient history. By then we’ll be well past Peak Oil, meaning that we’ll have used up most of the world’s oil reserves, while an industrialized China and industrializing India will have increased their oil consumption exponentially. That scenario alone should push gas prices above seven bucks a gallon in today’s dollars.


Then there’s the impending collapse of the overvalued dollar. We just can’t continue our two-decade-long orgy of importing more then we export, and playing this game on credit. Your buying power today at Target and the Dollar Store guarantees the collapse of the dollar tomorrow as investors shy away from an indebted US economy. When the bill comes due, imports, which in a post-deindustrialized America means damn near everything except wheat and apples, will cost a lot more. And oil is an import. What a gallon will cost in 2020, and then in 2030 dollars, will be a nightmare.

World War 4 Report