Producing a new car ALSO uses a lot of energy and a lot of oil, and despite what you might think it is actually more sound to use up that V8 vehicle and THEN buy a more fuel efficient one that it is to take the V8 off the road before it is used up.
How many are retiring a gas guzzler and putting it in a shed to rot away? A vehicle that runs well will get driven by somebody. People aren't taking V8's off the road before they're used up just because they get bad gas mileage.
I agree with the idea that the biggest part of our oil problem (that we can control) is suburban sprawl. If people in the US didn't leave themselves dependent on long commutes to/from work, the whole oil price things would be a non issue. But this is where we are. I think we were foolish to put ourselves into this position, but generally, our country doesn't usually do the smartest thing, does it?
Most people live further from work because they could afford a nicer house the further they drove... and in today's housing market, it can be tough to unload a house. I know people who owe more on their house than they can sell it for! Not around here, thankfully (we've had positive growth). My wife and I saw beyond this before oil prices were a problem. We paid more for a house a few miles from downtown, in a nice, established, safe neighborhood with several different paths to work, and only a couple of traffic lights. The extra we paid for our house has been MORE than made up for by saved time and travel costs.
The fact is that it's still a lot easier for most americans to switch to a vehicle that gets double or triple the gas mileage than it is for them to move.
Wade