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Friday, September 11, 2009

$20 per gallon : how the inevitable rise in the price of gasoline will change our lives for the better

by Christopher Steiner. According to Steiner, senior staff reporter at Forbes magazine, surging fuel prices will transform Americans' daily lives almost beyond recognition. With traditional energy sources disappearing and global demand soaring, the U.S. will confront gas prices rocketing to $6, $8, $14 and beyond—prices that will compel sweeping changes in everything from urban planning to food production. He reveals the consequences of each incremental hike in gas prices: at $8 per gallon, air travel will essentially vanish; at $14 a gallon, Wal-Mart stores will become empty ghost boxes ; when gas hits $16 a gallon, sushi will become an extravagance only for the extremely wealthy. While many changes will come at tremendous social and economic cost, Steiner envisions a better future, where human ingenuity will spur greater efficiency and less waste. Although it's unlikely all the author's predictions will come true—he goes so far as to forecast the order in which airlines will go out of business—the surprising snapshots of the future (where rising gas prices might revitalize Detroit) make for vivid and compelling reading. --Publisher's Weekly. (Check Catalog)