Cheap gas? Why? So we can deplete the finite supply to deprive our children and generations after to feed our own greedy selfishness?
In past days I liked to say that we should keep importing foreign fuel. Use up theirs, I spouted, so that we will have ours when it is scarce, and petroleum is needed for other uses than to burn.
But really, if we let the price come down, what will happen? Waste. And waste now has an additional cost: climate change.
Housing patterns: sprawl, Mcmansions, poor energy use, need to change. If energy costs go up and down, no planning, no long range personal plans, can be made that tend to lower our use of precious resources and conserve our atmosphere and fragile climate. For instancem, inside the beltway houses are keeping their values despite the housing bubble, while houses an hour further out from DC are losing theirs. That is the start of a shift that is driven by fuel price increases. Why is there no small deisel pickup truck available in the US car market? When there is, it will be outselling the megatrucks in no time.
Why is solar, wind, conservation of energy only just leaving the gate? Because fuel prices have been low, and waste a simple, even smart decision. But no more, I hope.
Why is nuclear generation still an antiquated and tiny part of the energy equation? Why is coal burning generation still a dirty business? Energy is precious, and the climate is precious. Value must be ascribed to the latter treasure, the climate (and our future). Just let gas stay high, let's try to even out the pain by creative measures to assure that certain classes are not decimated.
Let's rebuild and upgrade with IT enhancements the electrical grid. Let's upgrade the rail system, in and between cities. Let's use nuclear power to create hydrogen from water, desalinate seawater, pump it where it's needed.
Sequester the carbon from coal, put armies to work making the change. We can.