Gas Prices still cheap in the US compared to others
Dennis Simanaitis - ROADANDTRACK
The USA still tops the Oil Import List! --Ed.
In September 2000, I offered a Technology Update titled "Cheap Gas." What with world happenings since then some heartening, others horrific it seems not inappropriate to offer an update.
However, my opening words back then remain spot-on: "Chill out. Loosen up. We have the cheapest gasoline anywhere in the world I'd want to live."
There's also quite another reason for recurring to the topic at this time. Let's celebrate the sesquicentennial of Colonel Edwin Drake's poking a hole in western Pennsylvania turf as he searched out a replacement for whale oil, the principal use of which was illuminating lamps of the era. By the way, I don't mean to diminish Col. Drake's exploratory acumen, but the Titusville location he chose had already been known as Oil Creek.
In any case, for those who believe we're entering the dusk of the Petroleum Age, I can note it lasted a mere 150 years, not very long in mankind's measurement of epochs.
Or for those of us who predict a diversified future of personal mobility based on electricity, hydrogen and, yes, petro-like products there's a lot still to be discussed. I chatted with specialists at the American Petroleum Institute and Shell Oil. I studied information from API, the Central Intelligence Agency, SAE International, Shell and our Department of Energy's Energy Information Administration.... [Read More]