Chris did a good writeup of W’s recent strong words regarding oil.
The problem is one of economics. Hybrids improve the fuel efficiency of cars. In a lot of economic models, when you can use a product more efficiently, this actually increases consumption of the product because suddenly it makes economic sense to use it in ways that didn’t make sense before. For example, when I lived in Saudi Arabia, they used to spray oil on to sand dunes. Why? With the low cost of gas and the high cost of fresh produce, it was a cost effective way to reclaim land from the desert. Same thing happens with more fuel efficient cars: sure, that commute to work stops chewing through so much gas, but now it makes economic sense to drive more. If it cost me $200 a day to drive to work, I’d bike or find a job or home where I didn’t need to make that drive. It’d make economic sense even if it cost me $2000 more a month (either in lost income or increased mortgage payments) to do so. But if I can get a $2/month all-you-can-burn deal on gas, I’m going to start driving to visit a neighbor across the street.
I’m well aware of what happens when fuel gets expensive — heck, I took a different job so (amongst other reasons) I wouldn’t have to commute. The other side of the coin, however, I hadn’t considered. Frankly, I think the price of gas has a long way to go before people consider it cheap again, but it’s an interesting thing to think about either way.
Related: I wonder where the US’s cost for gas is relative to the rest of the world. An exceedingly hasty search shows that in Japan, gas was $3.79/gallon in 2004. I can’t imagine that it’s gone down. honestly, I’m not sure what we’re all complaining about.