More interesting facts regarding U.S. oil consumption and policy
July 8, 2008
Following up on our post from yesterday, we’ve noted some other interesting facts regarding U.S. fuel efficiency:
- 70% of our consumption of oil is for transportation
- We have 4% of world’s population but use 25% of the oil
- Our consumption of oil from driving is nearly 2 times that of China and India combined.
Now the good news: where government policy has failed, the market is finally working. With gas almost at $5 per gallon, SUV sales have plummeted, with Ford’s SUV sales down 55% from last year. Although our failed policies (and non-policies) have lead to the current situation, high gas prices are accomplishing what our government refused to do– which is to decrease our irresponsibly excessive consumption of oil.
- Similar Posts:
- Decades of failed U.S. policy led to current oil situation
- Past failures with energy policy should inform present decisions
- The other risk of excessive oil consumption: petro-influenced international relations
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