I too am concerned about how the rising price of petrol will have on my life. However, I recognise that oil is a very much undervalued resource. Nearly all the products that we use these days are derived from oil, including plastics, pharmaceuticals, detergents, paints... you name it. Yet what do we with this limited resouce? We burn over 90% of it!!

I truly hope that rising fuel prices encourages more renewable resources to get a foot hold, so we can spare oil as a source of more important things.

There are many good alternatives that are starting to get noticed such as celluosic ethanol (as opposed to the rediculous idea of making ethanol from corn and other food sources) and diesel from algae.

What really amazes me is just how rediculously cheap petrol is in the US compared to many other countries. Considering how much oil the US consumes and how cheap it is there, it appears to me that the US devalues oil more than any other country.