Wednesday, August 13, 2008

High Gas Prices As A Natural Carbon Tax, Part Whatever

U.S. Miles travelled 12 month moving average to May (see graph left).

And from Reuters:

U.S. oil demand during the first half of 2008 fell by an average 800,000 barrels per day (bpd) compared with the same period a year ago, the biggest volume decline in 26 years, the Energy Information Administration said on Tuesday.

Question: Now that gasoline has settled at about $1.25 per litre, down from $1.35 a month ago, does the Green Shift become a significantly easier sell?

1 comment:

Oldschool said...

The free market determins how much people drive in a free democracy. Not some crazy govt bureaucrat taxing the ass off citizens.
Demand decreases, the price drops . . . something that will never happen with Dion's looney green shitt.
Unless Canooks are really stupid . . . they will not buy into this scam, which will drive up the cost of living and encourage the last few remaining viable manufacturing business to locate elsewhere.
The other overwhelming fact is that the hypothisis of GW is bad science, in fact there is not science at all, it is a political agenda for ultimate control.
Here is a quote from Big Moe . . .
Maurice Strong, organizer of the Rio Conference in 1992 and active promoter of the UN climate group the Intergovernmental Panel on Climate Change said . . .
"Isn't the only hope for the planet that the industrialized nations collapse? Isn't it our responsibility to bring that about?"