It's 8/8/08 and gas is at .45 JJB's :P

I would repeat my recommendation, plan on $8 or higher gasoline, as part of my ELP recommendations. From my early 2006 ELP article:

However, recently people who have followed some version of the ELP plan, either because of my recommendations, or based on their own evaluation of the present environment, have had considerable reasons to be glad that they voluntarily downsized. So far, I have not heard any regrets from anyone who downsized.

Or, turn it around. Does anyone now wish that they had bought a large SUV and large suburban McMansion--all with 100% financing--on January 1, 2006?

Finally, if we are wrong about Peak Oil, and if you followed the ELP plan, you will have less--or no--debt, more money in the bank, and a lower stress way of life.

I was just kidding, I know you said just plan for gas at that level and I continue to try to.

Ever since I first heard about the CO2-GHG connection back in the late 1960s I developed an ELP plan of my own (figuring that it would hurt less by the time lower CO2 government mandated emmissions restrictions would take effect). Well, while I still wait for that vision of responsible government to materialize I will say that ELP plans do reduce a lot of lifestyle stresses.

I'm being totally serious here.

The ELP recommendations are a no-brainer. I (and my wife)are old lefties from the 60s and always thought the system was about to crash and therefore when everyone else was go-go we didn't go. So for maybe slightly different reasons, our habits and lifestyle are very compatible with ELP. All well and good.

But neither we, nor our kids and grandkids, nor you and yours will be left unaffected by what's happening, no matter how well we adapt on an individual basis. There has to be collective action to change our whole way of life, and ultimately this means politics to the end of getting a reality-based gov't that is on our side. And of course it means talking to neighbors we never talked to before.

I'm sure WT is not against this, but it needs to be stressed individual action, while necessary, is insufficient.

EDIT: For one small example, however much one might desire to live without a car, in most parts of the country this is entirely impossible. This can only change via societal restructuring.

Living in a country that is already at $8+ Petrol (UK) I always find it interesting to ponder the reactions of people reading with horror predictions like this...

It's also quite interesting to see how many people here are still driving 'SUV class' cars -myself included (3.0l BMW Z3 -ok, its a sports car but probably 'up there' with SUVs in terms of fuel consumption -especially@100mph+ :o)

My analysis shows I am spending ~5% of income on transport fuel -do I plan to change? Yes, I plan to get a 300mpg+ Aptera "one day" because I can.

The real issue is what does society do when prices get -not above slight pain threshold- but above levels that do not allow it to function in its present form? The 'Business Plan' does not work, therfore the business goes under? Is this the fate of societies geared towards cheap energy who's business plan is based on mass suburban commuting in -relatively- inefficient transport?

Regards, Nick.