High oil prices would reduce overall consumption by promoting conservation: Americans would use less oil. For example, the new hybrid cars that run on a variety of fuels would become, because they use far less gasoline than standard automobiles, economically attractive. Americans (and others) would buy many more of them than they do now.Read on...
3.30.2005
Even Costlier Oil Would Help U.S.
I've said it before. Americans should be paying $5.00 a gallon for gas. Maybe then we will be shocked into the reality that conservation would be an economic plus and not just an environmental one. SUV drivers apparently don't give a shit about the environment so let's hit 'em in the tax break. For those of us who already drive sensible cars the adjustment wouldn't be too great.
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