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Oct 20, 2008 NEWSwire
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Will Falling Energy Prices Stall Push for Alternatives?

American motorist is among the most profligate in the world with more than one out of every nine barrels of oil produced worldwide ending up in the gas tanks of cars in the United States, among the world's least efficient.

Published: 20-Oct-2008

Just four months ago, a conference here on electric cars drew four times as many people as expected. District fire marshals ordered some of the crowd to leave, and the atmosphere was more like that of a rock concert than an energy conference. A brief film depicted an electric car owner driving off with a beautiful woman to the strains of "The Power of Love" while her original companion struggles to pay for gasoline. The audience cheered.

One discordant note in the series of enthusiastic speeches came from Bill Reinert, one of the Toyota Prius designers. He cautioned that designing and ramping up production of a new car takes five years.

"If oil goes down to $60 or $70 a barrel and gasoline gets back to $2.50 a gallon, and that very possibly could happen," he said, "will that demand stay the same or will we shift back up?"

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