A FAST APPROACH TIPPING POINT

What do the following have in common? The high cost of gasoline, jobs, health care, climate change, and entrepreneurial innovation.

The cost of gasoline has a direct effect on jobs, health care, climate change and entrepreneurial innovation.

Please don't think that the price of gas is going to decrease significantly. No doubt that prices will fluctuate, but they will inevitably keep going up and up. The reason is simple--supply and demand. Fossil fuel is a finite quantity. Most people don't realize that we've used up almost two million years of fossil fuel production in less than one hundred years.

Most people don't realize that getting oil out of the ground becomes more and more expensive because there is less of it.

Most Americans don't consider that the rest of the world uses gasoline and that emerging economies such as China, India and Pakistan will require more oil as their economies flourish.

Statistically, there are 750 cars per 1000 Americans. In China there are 4 cars per 1000 Chinese. What happens when that number increases to 10 cars per 1000, 100 cars per 1000, 400 cars per one thousand?

The demand for gasoline will force the supply price onward and upward.

How will we react when the price of gasoline averages $6.00 a gallon-$8.00 a gallon-$10.00 a gallon?

Of course, our way of life will change drastically. Do we wait and let events overtake us or do we become proactive and prepare for the day when change occurs?

The rising price of gasoline at the pump will shortly reach that tipping point--it could be $4.50 a gallon, it could be $5.00 a gallon. It definitely will occur at $6.00 a gallon.

For those of us who will take a proactive approach, while the issues are complex, there are steps that can be taken immediately.

Look for my solutions in coming blogs.