I Paid $3.94 A Gallon And Think I Am Pissed

Embrace the memory of the average $3.21 cents we paid for each gallon of regular unleaded gasoline purchased Memorial Holiday weekend in 2007. The chances are we'll pay a lot more this year and the years after that.

Abandon your conspiracy theories, your worries that global oil companies are gouging us at the pump. For the record, they are. It's the kind of profiteering that accompanies any crisis -- war and rumors of war, hurricanes, or other actual or imminent disasters.

What the oil companies are doing isn't moral. Nor is it illegal. But it is business.
Crises usually are profitable for people positioned to exploit them; and they usually are costly for those who aren't. When it comes to oil and the motor fuels it provides, we're in a crisis. We've been in a crisis for nearly 30 years now.
But the only times we've paid attention to it were during those rare, for us, seasons of gasoline shortages, such as the spot shortages that occurred in the United States in the early 1970s. What we now regard as high gasoline prices -- laughable in the rest of the developed world -- have also gotten our attention.
We're upset. Life is unfair. Someone has taken away our cheap gasoline. It just isn't right.

Damn those oil companies and their lackeys in the automotive industry, especially in Detroit, who busily are churning out gas-guzzling trucks when everybody knows that all we've ever wanted in the United States were fuel-sipping sedans such as the gas-electric Toyota Prius. Never mind that Toyota got the money for the Prius through highly profitable sales of models such as the Toyota Land Cruiser, Toyota Sequoia and FJ Cruiser sport-utility vehicles. Never mind that Toyota, hungry for the dollars that Detroit has been raking in on sales of big pickup trucks, is going after that particular cash pile with its new, super-powerful, quite fuel-thirsty Toyota Tundra CrewMax pickup truck.

Fie on those Detroit companies! They have no interest in producing fuel-efficient vehicles. Never mind that they've been doing exactly that for decades in other parts of the world where gasoline isn't dirt cheap. Never mind that they tried on numerous occasions to do the same thing in the bigger-is-always-better United States, much to their fiscal distress.

And on that point, never mind that any American who wanted a car that could get at least 30 miles per gallon could have done so, most certainly, in the last two decades. But year after year, according to U.S. automotive sales histories, those cars lingered at the very bottom of the market regardless of whether they came from Japan, the United States or Europe.

But I digress. I was writing about the crisis. It is this: Despite all of the happy talk you hear from lawmakers who have fooled themselves into believing that the next big exploitable oil reserve is bubbling just beneath the surface of our national will to pump it from the ground or the sea, despite profound media hand-wringing over the putative sins of the oil industry or their cronies in the car business, despite the inane congressional tendency to try to avert an energy crisis by making the car companies produce more fuel-efficient vehicles while asking consumers to do nothing except sit and wait for gasoline prices to come down, world oil production cannot match the trajectory of demand.

No magic turn of the OPEC (Organization of the Petroleum Exporting Countries) oil wheel is going to alleviate that problem over the long term. No amount of U.S. military boots on the ground of someone else's oil-producing country is going to ultimately alter the inevitable outcome of rapid global consumption of a finite resource.

What is odd -- indeed what is scary -- is that there are so many Americans who don't get this, who don't believe it, who think that a quick fix is just around the corner. When you think about it, our mindset about oil is very much like that of a crack addict desperate for his or her next fix: "There must be some around here somewhere. I've got to have it. What must I do to get it? Whom must I kill? From whom must I steal?"

It's a useless pursuit.

We consume 20.8 million barrels of crude oil per day. But we daily produce only 5.2 million barrels of that amount within U.S. borders. We use 25 percent of the total oil and gasoline consumed in the world -- substantially more than any other country, including those that have no fuel economy rule. But we believe that fuel economy rules alone -- effectively shifting the burden of fuel conservation to the car companies while leaving the consumer side of the equation virtually untouched -- will solve our problem.

It's time to face up and fess up: We're high on cheap gasoline. Our current distemper is caused by the reality that in a world that loves the stuff as much as we do and that is beginning to use it with a profligacy that matches our own, we're going to have to pay much more to get it.

There is not an inexhaustible supply of oil. There is not now, nor has there ever been, and nor will there ever be an inexhaustible finite resource. Get over it. Let's start withdrawing now. Let's face, share, and manage the pain. Let's deal with our own greed either by using only what we need or paying more of the real price for using more than what is needed. Yeah, carbon and horsepower taxes, and congestion pricing to control the egregious fuel waste in urban rush-hour traffic jams.

When it comes to oil, it's not going to get much better than this.