[1Old Pro]

will you be willing to pay $50.00 for a gallon of gas?

Perhaps for my motorcycle, but not for an SUV that gets 10-15 mpg.

[HD1200]

Considering when I grew up gas was $.25 per gallon and is now $3.00 per gallon, 12 times as much, maybe $50 per gallon in another 50 years isn’t all that bad.

[mountainlyons]

60 years ago people used charcoal for fuel. There are a few now that use it and when fuel goes up the numbers will increase. Look up biofuel, wood gas generator, alternative fuels and they look better than $5.00 gas. I got 200 gallons of french fry oil for my bulldozer this summer.

[trumandogz]

The point is that we still have more oil in existing wells in the US than was ever extracted. However, buying oil from Canada, Mexico, Venezuela and Saudi Arabia is still cheaper than going into existing wells and extracting all of the oil.

And yes, at some point in many of our lifetimes we will see gasoline at $25.00 or $50.00 a gallon.

At that point, filling up that 12 MPG SUV with the 50 gallon tank will be very expensive.