Energy Crisis

Oil reserves in doubt.

Mike Whelan posted the above photo to his Flickr photostream recently.

Back in April, when gas prices were still well below the $3-per-gallon mark, it looked like sales of SUVs were starting to slow. Interestingly, we’ve crossed the threshold Keith Bradsher quotes in High and Mighty, his book detailing how the US auto industry became so dependent on SUVs and how common sense has been powerless against them. The threshold was the point at which gas prices would begin having the same effect on current car purchases as the 1970s oil crisis did.

Oil prices are rising as oil reserves are declining. Where will you be when we find ourselves on the far side of the Hubbert Peak?