“Throughout our history, we have grown on the assumption that energy costs would be low,” said Michael Woo, a former Los Angeles city councilman and a current member of the city Planning Commission. “Now that those assumptions are shifting, it changes assumptions about housing, cars and how cities grow.”
Push prices up fast enough, he said, and “it would be the urban-planning equivalent of an earthquake.”
SOURCE: Los Angeles Times – Envisioning a world of $200-a-barrel oil
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