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Submission + - The Auto Efficiency Wedge

Prof. Goose writes: "In this piece, I wanted to take up a more precise consideration of how much auto efficiency improvements might contribute to solving what I called the terrible trio of energy dependence on unstable regimes, global warming, and the peaking or plateauing of liquid fuel supply. My examples are all US, but I think the lessons mostly carry over (if a little less urgently) to other developed countries.

I'll be reasoning mainly by looking at what we did in the 1970s, which was the last time we faced severe energy constraints that bled through into requiring a demand side response.

To begin with, let's refresh our memories about the history of oil prices, which tells the story of the oil shocks quite well. 32"

The solution of this problem is trivial and is left as an exercise for the reader.