We should not be overly concerned whether gas prices will be $5 per gallon soon. Prices are dictated by supply and demand and demand is rising. Our concerns should be which presidential candidate will implement the best energy policy for future generations and us. World-wide demand for oil will be increasing dramatically as demonstrated below.. The policy should factor in the sources of energy and the affects on the environment. After all, it is our children and grandchildren we are discussing.
Procuring sufficient energy in the future will be much harder. The population of the planet is growing and other countries are becoming more affluent and thus consuming more, including energy. Below is a graph of the amount of oil consumed per capita by country.
Below are other quotes concerning worldwide energy consumption. Some are in conflict with the chart above; however, the point is clear. We need a President who is thinking long term and strategically.
“In 2009…China's per capita energy consumption was about one-fifth of that of the United States”. The National Energy Bureau and the National Bureau of Statistics reported on Aug. 11, People’s Daily Online, August 12, 2010
“Per capita consumption rates in China are still about 11 times below ours, but let’s suppose they rise to our level. … China’s catching up alone would roughly double world consumption rates…
If India as well as China were to catch up (with the United States), world consumption rates would triple. If the developing world were suddenly to catch up, world rates would increase eleven fold. It would be as if the world population ballooned to 72 billion people (retaining present consumption rates).” The York Times, January 2, 2008
“Americans consumes as much as 32 Kenyans. With 10 times the population, the United States consumes 320 times more resources than Kenya does.” The York Times, January 2, 2008
The rest of the world is not only growing, it is developing a middle class and prospering. Our posterity will be living and competing in that world. It is time we focus on this problem, rather than when will gas prices hit $5.00 per gallon.