The biggest problem that I've had with the rising fuel prices is that from my conspiracy minded standpoint, and I'm sure that you've all heard the stories, for decades there have been engines and fuel management systems that get 80mpg or more, without introducing hybrids or anything else. But like it's been stated, the oil companies stand to go bankrupt in a system that the vehicles were that efficient, so they either buy off or supress the technology to keep us at our current level of dependence. Honestly, fuel efficiency has only increased from 12-15mpg to 25-30mpg over the last 40 YEARS?! Granted, there is a certain amount of energy that needs to be generated/consumed, but with the gigantic leaps that we've made in every other technological area this just seems more than a bit suspect to me.
I personally can't wait for the newer hydrogen powered vehicles. BMW has already designed and tested a model called the H2R that will outperform most vehicles on the road today, at a fraction of the fuel cost and with almost no emissions of any type.
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Halfway to hell and picking up speed.
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