Gas Prices Headed Up Again?

Well, strap yourselves in. It looks like gas prices may be headed steeply higher over the next several years. It would really save me some time if I could just have my paycheck direct-deposited into the oil companies’ bank accounts. I’ll have to check into the feasibility of that and get back with you. Meanwhile, reason #160 that this country is doomed: cheap cars in Asia.

Indian automaker Tata has introduced a 2-cylinder, 4-passenger car that will retail for $2,500. With the rising incomes and the introduction of cheap cars like this, automobile ownership in Asia is expected to skyrocket over the next several years.

There are 2 billion people in China and India compared to 300 million in the US. While these cars are extremely fuel efficient, the sheer number of new cars on the road will sharply increase demand for oil when supplies are already tight.

But just look at the car. It’s a death trap. But hey, it will save on burial expenses. The car can easily double as a casket. They will be able to dig a hole and just place the car (with deceased occupants inside) in the grave.

http://money.cnn.com/2008/01/30/news/international/mini_cars_gas/index.htm

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