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How The 35 mpg Law By 2020 Will Affect The Cars We Will Drive

538 messages,  Last post on Jul 31, 2008 at 6:28 AM

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#537 of 538 Re: so [nippononly] by texases Jul 31, 2008 (6:25 am)
Replying to: nippononly (Jul 16, 2008 8:49 pm) "I think it likely that the reality is that both represent very expensive oil, which is no solution to the oil price problem, obviously. "   You are exactly right. The undrilled onshore leases held by oil companies large and small are being explored as fast as the rigs allow, but the basic truth is that the large, easily-produced onshore oil accumulation in the US were found years, well decades, ago. High oil prices allow exploring for high-cost oil, but these aren't the wells that'll produce at high rates.   edit-I almost forgot - if an oil company actually 'sits on' a lease, they can (and are) sued by the property owner for 'failure to develop', so it's really a myth that there are all these millions of acres of productive land that the oil companies just don't want to drill. Simply untrue.
#538 of 538 Have events passed by 35 mpg requirement? by texases Jul 31, 2008 (6:28 am)
In other words, has the rapid sales switch to higher-mpg vehicles made the government mandate unnecessary? Is there any data on what the current weighted-average mpg is of the cars being bought today?

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