Who thinks that the best way to reduce oil consumption is to make it expensive. And who thinks that there will never be the political will to do soemthing like this. It's nice to talk about CAFE standards, and requiring oil companies to invest in alternative energy research. But it is simultaneously painfully ineffective for the same reason it's politically feasible - because the effects center on someone else.
As soon as a voter is hit with a $1.50 tax per gallon of gas, they will get upset at the politicians that allow it. That's a cost they see. But the hidden costs of CAFE standards or "punishing" the oil companies is something they think doesn't affect them.
Wednesday, May 23, 2007
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