The Forum > Article Comments > The real cause of high oil prices: an interview with James Hamilton > Comments
The real cause of high oil prices: an interview with James Hamilton : Comments
By James Stafford, published 3/9/2012Is our energy future one of falling prices and plentiful supply or should we prepare for declining supply and sky high prices?
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I guess one thing I'd be interested to know is how per capita domestic/household consumption of oil varies from country to country (both in quantity and cost since the fuel price varies so widely due to tax rates).
Having lived in Sydney for the last two years I'm a little out of the loop in terms of the Australian penchant for driving vast distances (just because once you're in Sydney there's not reason why you'd want to go anywhere else!-). However I get the sense that Australians probably travel greater distances and use more oil per head for their domestic activities than any other country. Could that be readily changed? I certainly remember when fuel was around the $1.80/l mark it affected my consumption.
...I did actually make a rare 700km round trip in a new Ford Falcon this last weekend and managed to use just over $100 worth of fuel. That's starting to seem like poor value, and not too far away from the "tipping point" at which public transport becomes a good idea...