85 comments on DrumBeat: May 21, 2006
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85 comments on DrumBeat: May 21, 2006
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I agree... I too am surprised by the amount of response. I thought it would take $5/gallon gas before we saw this.
Hopefully, gas prices will stay high enough in the near term to get people to make more permanent investments and changes.
If our politicians had any guts they would enact an adjustable gas tax that would keep gasoline at a minimum of $3.50 and then increase this amount by 25 cents a year till it hit $5.00 a gallon. If this happened, we would see huge investments in alternatives.
But, if oil prices stay in the $60-$70 range for the next 6 months, I think you'll see this issue drop completely off the radar, as people become used to it.
You have to remember that for US citizens, oil is still really really cheap at $70 a barrel.
http://tonto.eia.doe.gov/oog/info/twip/twip.asp