If demand is down, it’s because the cost of oil has stripped our bank accounts clean, because the cost was at unnaturally high levels.
What might have been different if Americans had been organized to reduce energy consumption at the beginning of this year, to get the price of oil back down to 80 dollars? How many people who have had to go into foreclosure would have been able to keep their homes?
It’s simple fifth-grade math and common sense. Expanding oil drilling “will not do us any good long-term”. Yet, that’s the energy policy endorsed by John McCain and Sarah Palin.
There is a new online project that enables people to do just that. It’s called Fuel Frog. It’s a free service that lets you track how much fuel you use, how far you drive, and how much you’re paying for it all. The information you enter will be combined with the information others provide to enable larger, society-wide analysis of trends in fuel use and trends in the fossil fuel economy.