The recent surge in gas prices is stunning. Not because they have spiked, but that anyone would be the least surprised at such an increase. Such increases have happened I would say about oh maybe a hundred times in the last 40 years. But like snow in winter the news media and pols act like it’s an 8.8 on the Richter Scale.
It’s what happens when a diminishing supply is desired by increasing consumers. Food, clothing , shelter and an automobile are desired by almost 7 billion of us. Throw in the fact that most of the oil is located in places where government is chaotic, despotic or just plain crazy and you have the makings of a yo-yo market where prices rise and fall like the tides only less predictably.
And let’s be honest a temporary spike in prices of a dollar or two is not that big a deal for most of us. The people that can pay 40 thousand dollars or more for a gas-guzzling behemoth, can surely pay a little more to feed the beast. The people that live in big cities with access to public transportation have any increase spread over the population of riders. If you live 40 miles from your workplace, you are probably getting a deep discount on the price you paid for your house. Higher prices encourage conservation. The air quality improves. And of course the price will eventually drop.
The voters and their short-sighted “leaders” they elect to represent them have had the reality of fossil fuel dependence before them for almost 50 years. No one should feel sorry for us. At least the dinosaurs couldn’t do anything about the meteor that brought about their destruction. Most of our wounds are self-inflicted.