Quote:
Originally Posted by Arragonis
uk.gov has just published a study into energy cost. By 2020 they estimate it will be less than it is now, which is an interesting stretch as it has gone up by 20% in the last 3 years.
However reading the small print you understand why, they estimate we will be using 50% less by then.
Which is of course entirely realistic.  |
Of course. Especially considering peak oil has probably passed us, and we'll find out by 2020 that today's estimations of what's left in the ground were optimistic.
So consider the average age of any OECD nation's vehicle fleet, it's probably in the range of 7-10 years.
That means we're driving cars designed for fuel prices 5 years ago or more.
I hope that the automakers are currently selling the cars we'll need in 2020.
If fuel prices alter too much within the cycle of fleet renewal, a lot of cars would be off the road.