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George Will had an interesting column today. Besides the increase in consumption, there were a couple of other interesting points:

"In real (inflation-adjusted) rather than nominal dollars, $3.07 is less than gasoline cost in 1981."

"In some ways, Hayward says, America's energy supply is more secure than it was in the 1970s, partly because "since 1975, energy consumption per unit of gross domestic product has fallen 48 percent." Furthermore, "oil represents a shrinking share of total U.S. energy consumption -- from 44 percent in 1970 to 40 percent in 2005." The oil America consumes -- only one-eighth of which comes from the Middle East -- is used almost entirely in transportation. Half of America's electricity is generated by coal, of which the United States has a huge abundance."

Just more food for thought.