Toyota Prius: If we all drove Prius's

<com> wrote in message
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There's an error in the first paragraph; the US consumption as part of world
supply (from the source cited) is 20.8/84.6 = 24.5%, not 43%.

I believe that they have omitted the most important fact.
If US oil consumption were reduced by that amount, the price of oil would
drop back to $30 a barrel and even the Hummer drivers would be happy.


<com> wrote in message
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"Jack" <net> wrote in message
news:3vcRh.7664$%.. 
That's not fact. That's fiction.

"mark_digital©" <com> wrote in message
news:com... 
I agree with you, Mark, but that is another topic that is likely to spawn an
endless thread. I went through this same thing off-list a couple weeks back.

Mike (smiling and nodding)

"Michael Pardee" <com> wrote in message
news:net... 


You only have to look back to 1978 to see the oil prices going from $30 down
to $12 due to a drop in demand.

"Jack" <net> wrote in message
news:qHiRh.7694$%.. 

Pardon my error. The crude oil price drop I was remembering occurred from
$34 a barrel in '82 to $12 a barrel in '86. Amazing what a little
conservation can do.

"Jack" <net> wrote in message
news:8NiRh.5997$k%.. 
That was the recovery from a double price spike: the Arab oil embargo and
middle east wars. The graph on http://www.wtrg.com/prices.htm shows it
pretty well. Looking at the graph on
http://www.eia.doe.gov/emeu/international/contents.html we see petroleum
production use was up slightly in that period. Petroleum use dropped in the
early '80s, when prices were highest. Makes sense that way.

Petroleum hasn't been free market since the foundation of OPEC.

Mike (forgot to smile and nod)

On Apr 6, 11:47 pm, "Michael Pardee" <com>
wrote: 

If we all drove Prius's we wouldn't be crushed to death by SUV's...
http://news.yahoo.com/s/nm/20070405/film_nm/clark_dc_1