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Personally, I do not want the peak to happen, as it will result in particularly hard economic times. Also, I love cars and will probably never have the privelage of owning a V-8 (I would consider buying one in a year or so if gas holds steady, but if the peak occurs I wouldn't touch one). Perhaps one can infer that I am a member of the younger generation. $2.00 gas does not bother me, as I have never known anything much below that. In fact, I buy premium, and consume as much as possible. The simple logic is that millions of people have gotten years of cheap fuel, and I am about to get screwed. Why not burn it while I can still afford it (because life without it is going to suck). Yes, my attitude is bad. However, I am angry. I am angry that the previous generations didn't give a shit about comming up with alternatives. I am angry that GM recalled the EV-1. I am angry few people care. I am angry that no one is still doing anything (Bush's $1 billion went to oil companies to figure out how to get Hydorgen from OIL! (not that hydrogen is feasible anyways)). I have no choice, I do not have alot of money, and what little I have is about to be destroyed. What a great system we have...
As a child of the Sixties, I can appreciate your love of muscle cars. Who would have known that a Hemi-Cuda you could have hardly given away during the first oil crunch of 1973-1974 would now in 2005 be an easy six-figure car in decent shape. Tis sad, but that era is gone and gone forever. Any vestiges of it are more an more going to entail well-heeled folk splurging on gas to bring their Sixties treasures to one nostalgic car show or the next. These cars are going to be mere icons of a past era, rather than something someone going to seriously use as a daily driver.
If you've got one, you're sitting pretty on a very good investment. If you want one, then you are going to pay and pay and pay. Their price will not be in the least way affected by the price of gas, simply because they have become almost art objects that someone pampers and polishes into extreme old age.
Yet, when you get right down to it, today's high-performance cars are objectively so much better than those grotesque Sixties muscle cars.
However, objective performance is not what it's all about. What it is all about is that certain 'feel' of a large car with massive amounts of low-rpm torque ripping off the line. Only a large-displacement, gas-guzzling V8 engine can
provide that sort of feel. It's the Beach Boys.
While I fully recognize that Sixties muscle cars are today about as appropriate as dinosaurs, still I'd love to go back to that energy-wasteful era just for a few weeks and tear up a little asphalt.
If you've been watching the news about batteries lately, you'd note that there have been several announcements of huge advances in lithium-ion technology; both the cycle life and the charge/discharge rate are about to go through the roof.
What does this mean for cars? It means that any sort of electric car using these batteries and storing a significant amount of energy is going to have enormous amounts of electric power on tap. If the motor etc. can get it to the wheels, you'll have neck-snapping acceleration just like the old days.
The future of hybrids is going to look like this:
d = ½at^2 -> a = 2d/(t^2)
v = at = 2d/t
E = ½mv^2 = 2 m (d/t)^2
m = 900 kg
d = 1320 ft = 402.3 m
t = 13.5 sec
E = 1.6 MJ = 444 Wh
Expending 444 Wh in 13.5 seconds takes 118 kW. If you had a 5 kWh battery capable of discharging at 100 C (quoted for a new Li-ion battery), you'd be able to get 500 kW out of it. I don't see this as a problem.
So you can get twice as much power for half as much energy, and you do.
This is a very gross oversimplification, of course.