by Outcast_Searcher » Sun 05 Mar 2017, 15:47:38
$this->bbcode_second_pass_quote('onlooker', 'T')o counter the argument that because gasoline is relatively cheap and people keep driving alot, all must be well with the Economy umm people are not driving so much anymore
http://www.zerohedge.com/news/2017-03-0 ... er-2-yearsIf miles driven equated to economic growth you might have a point. It doesn't and you don't.
As others have said, demographics are changing and that reduces total miles driven.
Given you agree that AGW is a problem, why wouldn't you think that's a good thing? I think that coupled with a more efficient fleet over time, that's a very good thing. (Too bad the growing third world demand is overwhelming dwindling third world demand, thus global oil consumption continues to increase every year).
When I worked full time I drove about 8000 miles a year. Now retired, I drive about 4000 miles a year in a car that gets better gas mileage. So by definition, I use less than half the gasoline for driving that I used to. Now, multiply that by millions of people driving less, and it adds up. Now, add to that things like growing telecommuting, internet shopping, internet socialization (smart phones, etc), and it starts to REALLY make a dent.
And we get a tiny (but growing) slice of improvement from the move away from pure ICE's, which will almost certainly accelerate as time goes on.
So, add it all up, and look for the trend to likely continue.
Even as economic growth likely continues as well. Imagine that.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.