If you hated gasoline at $4 a gallon ...
By James Pressley
Bloomberg News Service
| |||
|
|||
As U.S. gasoline prices spurted last year to more than $4 a gallon, Americans shuddered.
Presidential candidates called for a gas-tax "holiday." Sales of SUVs plunged. Commuters rediscovered trains, buses and bikes. Americans drove 100 billion fewer miles in the 12 months through October 2008 than they did a year before.
That was just a glimpse of things to come, says Christopher Steiner in "$20 Per Gallon," a surprisingly upbeat look at how rising gasoline prices "will change our lives for the better."
The author lays out how everyday life might look as gasoline prices climb. In place of a Chapter 1 and Chapter 2, Steiner gives us Chapter $6 and Chapter $8, leading up by $2 increments to a $20 Epilogue.
We often overlook the fact, Steiner says, that the price of oil affects much more than the cost of filling up your Audi Q7.
"It's the bricks in your walls, the plastic in your refrigerator, the asphalt on your roads, the shingles on your roof, the synthetic rubber in your ball," he writes.
CARS AND FOOD
Since the entire economy runs on oil, Steiner weaves together themes ranging from the future of the automobile to the sustainability of our food network.
He did his homework. A civil engineer and staff writer at Forbes magazine, he interviewed people — from economists to airline pilots — who have calculated how oil at various prices will change where we live, how we travel and what we eat.
He rides shotgun in UPS package trucks that run on batteries or energy stored in pressurized tanks of hydraulic fluid. He goes to a factory on the Iowa prairie where corn will be turned into biodegradable plastic.
ADIOS, BIG AIRLINES
So what will happen as gasoline prices tick ever higher? Here's a smattering of Steiner's predictions:
At $6 a gallon, Americans will embrace diesel engines. At $8, many airlines will shut down, leaving Southwest Airlines Co. and JetBlue Airways Corp. as the dominant domestic carriers.
At $10, car ownership rates will plummet. At $12, exurbs will start becoming ghost towns. At $14, Wal-Mart Stores Inc. will die; its business is built on cheap oil.
At $18, Americans might get what Europeans have enjoyed for years: high-speed trains.
And as the price creeps up to $20 a gallon, the U.S. may finally frame a comprehensive energy plan.
PURER AIR
Far from hurling us into a new Dark Age, high oil prices will usher in a cleaner, safer future, Steiner argues. He imagines lost jobs returning to U.S. shores and pictures us breathing purer air and eating healthier, locally grown food.
Steiner is good at explaining how things work and seeding the text with interesting facts:
Did you know that garbage trucks get an average of 2.8 miles per gallon?
And he's realistic about how hard it will be to end our love affair with cars and planes.
"People will cling to their steering wheels and their airline seats until their fingers are pried off by sheer financial behest," he writes.