In the end, however, America's addiction can be beaten only by hard policy decisions: rigorous fuel-efficiency standards, a tax regime that prices petrol realistically, as well as a framework of incentives for investment in alternative technologies. Meanwhile, the best agent of change is expensive oil.
Friday, April 28, 2006
Time for hard decisions
The Financial Times has a few words to say about our current energy situation. Here is its conclusion:
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1 comment:
Al -
I couldn't agree more. We've just returned from a 10 day trip to the U.K. Their prices are twice ours. They use the proceeds, at least in part, to fund mass transportation.
Tad
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