The End of Easy Oil
There’s lots of hand-wringing over the totally-surprising rise in gas prices in the press (I mean, who would have ever predicted that rising demand and limited supply would cause price increases?). USA Today unwittingly finds a silver lining: As she folds clothes at a Laundromat near her home in San Pablo, Calif., Thamara Morales, 30, counts up the ways high gas prices have changed her life…Trips to Wal-Mart are out. The closest one is about 15 miles away. Just to get there and back costs more than she might save by going. Yes, this might hurt Wal-Mart. It will also hurt the sales of behemoth SUVs and minivans, and certainly discourages the construction of more pre-fab “exurban” communities. This particular American Way of Life – a two car garage in an enormous shack in a white bread suburb of nowhere in the desert, an hour-long commute to an office park, […]