US starting to peak in gasoline demand?
I just posted on Memebox FutureBlogger about a recent CERA forecast on the potential plateauing of US gasoline demand inthe next 10-15 years - possibly in 2010.
How can demand peak so soon?
Because sustained high energy prices are forcing the auto industry to increase efficiencies and move beyond the combustion engine as we electrify the industry around electric motors powered by batteries and fuel cells.
This has tremendous implications for both the auto and energy industries- since oil will no longer be the only fuel for the transportation sector. The key is moving beyond the combustion engine platform towards electric motors.
It also raises challenges with state transportation agencies and the federal government since we fund public roads based on each taxes on a gallon of gas. More efficient vehicles means less money to road agencies - even though demand based on per mile could remain strong.
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Garry Golden - Futurist / Strategist
Garry Golden is a strategy consultant, researcher and speaker on issues shaping life and business in the 21st century.
Garry is a professionally trained Futurist - holding a Masters Degree in Futures Studies. He has experience in private sector consulting, futures education/training- and is a member of the Association of Professional Futurists.
This blog explores ideas and developments in research, business, and social change that could define life in the 21st century.