Ecomunicipality.com

The price of oil continues to spiral, and sadly, as high as gasoline goes there are always people lined up and ready to pay whatever for a fill.

Is that the definition of dependency? I think it is.

So, what's the end game here? $8 a gallon gas? $10 a gallon? And, at what point do people ditch their dependency on dead dinosaurs and do something else?

Here's one scenario, from Jeff Rubin. He foresees a continued escalation of gas prices despite the loss of as many as 10 million cars from America's roads in the next four years. Those of us that follow such things understand that for every car taken off the road in the United States, another 2 or 3 will the pavement in China and India. So, no great hope that eventually we will reach market stabilization.

And, how long will it take for America to build a new transportation infrastructure built around expensive energy? A very long time, so the transition could be rough. Hell, it's rough now.