The two charts below are proof that the United States is no longer in control of our energy future. We think we are in control due to our decades of hubris and high opinion of ourselves. The first chart shows miles driven in the U.S. You can plainly see that we are driving less miles today than we did in 2008 before the financial collapse. The other chart shows gasoline prices over the last five years. You can see the intitial collapse in gas prices immediately after the financial implosion. But then you see a relentless upward progression of gas prices. Miles driven has continued on a slight downward slope, but gas prices have gone up 120% over this time frame. You would think the law of supply and demand no longer works.
But it does. We are so myopic that we ignore the rest of the world. Worldwide oil supply has peaked. Demand from China, India and the rest of the developing world continues relentlessly upward. Oil will flow to the highest bidder. Ask Iran. It doesn’t matter if you buy a car that gets better gas mileage (no one is doing that) or turn off the lights, or turn the heat down. Prices are going up and there isn’t a damn thing you or Obama or Romney can do about it. We are not in control.
You now also know why we have so many troops and warships in the Middle East.