GM plans on shuttering 4 plants that make their large truck lines including the Hummer, and designing smaller cars. They don't see gas ever coming back down to justifable costs to keep people buying their large trucks and suv's. They plan on redesigning and creating new lines in the midsize arena.
I ran across this and found it to be worth while. I think it makes some valid points.
One of my favorite newspaper comic strips as a child was the Katzenjammer Kids, about two mischievous boys who were always getting caught red-handed and spanked. The final frame of the cartoon often showed a wily kid named Rollo, who would point to the wailing Katzenjammers and explain to their tutor, "They brought it on themselves, Miss Twiddle!"
Today, with gasoline prices climbing past $4 a gallon, and diesel near $5, I am reminded of the Katzenjammers. As Rollo might say, "We brought it on ourselves, Uncle Sam!"
More than 30 years have passed since the first "energy crisis" pummeled the American economy. It hurt. People lost jobs. Prices for gasoline went way up, people waited in long lines to refuel, and some service stations even ran dry.
What have Americans done since? Not nearly enough. And that explains some of our current distress. When the first crisis struck in the 1970s, Congress, the White House, and the Big Three automakers all initially responded. Cars were downsized. Engines were made smaller and more efficient. Highway speed limits were cut to 55 miles per hour. Tough, new gas mileage requirements were imposed.
The story has 3 pages.