Jevons' Paradox and the Perils of Efficient Energy Use

It's a given among Peak Oilers and New Urbanists alike that the imminent and permanent return of high oil prices will send convulsions through the suburban American landscape. But it's one thing when professional Jeremiahs like James Howard Kunstler preach this to the converted week after week, and something else when the Urban Land Institute and PricewaterhouseCoopers advise commercial real estate investors to "shy away from fringe places in the exurbs and places with long car commutes or...