It seems to me that some kind of a variation on an EV (hybrid, plug-in hybrid, extended range EV, or pure EV) is the sensible answer to reducing and then eliminating oil consumption for personal transportation.
Consumer Reports said that a Prius was cost competitive at $3 gas; Kiplinger just said that the 5 year Total Cost of Ownership of a Chevy Volt is within $1,500 of a much inferior Chevy Cruze.
I only drive about 1,000 miles per year - I mostly use electric trains. Otherwise, I'd invest in something new and electric.
What do you drive?
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