Wednesday, May 7, 2008
The "Happy Folks" New Lie
2 years ago, ethanol was going to save the world's motorists.
In 2006, President Bush, when asked if ethanol was the answer to the U.S. energy problem retorted: "It better be".
Pretty straight shot, for a politician. And now we know that ethanol is NOT going to save America's car dependent economy. So here comes the new pitch:
Electric cars! (Does any thinking person really believe that we can fill all those traffic jams with electric vehicles?)
Folks, there are going to be electric cars, hydrogen cars, fuel cell vehicles, ethanol motor cycles, etc... but here's the deal.
America's car owners now drive an average of 14,000 miles per year or so in 2006. My back of the envelope calculations tells me that in 2020 American car owner's will be down to 4,000 to 6,000 miles per year and, get this - much less in 2030. (If you have Retail Shopping Mall or Auto stocks in your retirement portfolio it is time to "think a new".) Oh, and by the way, the miles you do drive will be INFINITELY less comfortable and cramped, and if it is in an electric car it will be without heat or air conditioning. I live in South Florida. The thought of sitting in glass box in 95 degree heat with the sun beating down in a traffic jam (there won't BE traffic jams but work with me for the effect) leaves me less than enthused about car transportation in the future.
Here is another fund fact to know:
If you buy a new car this year, you better lease it. The vast majority of 2008 model year vehicles will OUT LIVE THEIR FUEL SUPPLY, becoming just another hunk of metal that rusts in the rain sitting in your driveway.
Yours for a better world,
Mentatt (at) yahoo (d0t) com
Posted by The Short Story Man at 5:20 AM