The WSJ reminds us about America’s energy illiteracy with the EPA’s cost of energy calculations. The above graph should be plastered everywhere in the world not only because of where prices now stand – it costs almost 4 times as much on average to drive with gasoline as it does with Electric – but also looking at the trend. Petroleum is getting more expensive far faster than electric.
With solar, wind, hydro and other methods of getting electricity also booming, there is no shortage of supply compared to the finite amount of petroleum we can get from shale, deepwater drilling and arctic refuges.
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