Quote:
Originally Posted by Thymeclock
Yep, "people who are supposed to know". That's a good description of the so-called economic and political experts.
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In truth I was thinking more of petroleum geologists and such, and things like the Hubbert Curve. But let that go, and just note that any prognosticator should be judged by the success of his/her predictions. So for years, your "so-called economic and political experts" have been predicting higher gas prices, and guess what? We have seen higher gas prices. That'd seem to indicate that they might know what they're talking about.
Then too, there's the old pessimistic bet. Things can get better, or they can get worse. If you figure they're always going to get better, your life will be filled with disappointments, which may become disasters because you were unprepared to deal with them. If you bet on them getting worse, you sometimes get pleasant surprises, and worst case are prepared to handle what life throws at you.
So if you intelligently prepare for higher gas prices by buying a higher mpg car, what do you lose? If gas prices stay low, you lose nothing while saving a bit on gas, and probably car payments, insurance, etc.