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President Obama has a solution to the Gulf oil spill: $7-a-gallon gas.
That's a Harvard University study's estimate of the per-gallon price of the president's global-warming agenda. And Obama made clear this week that this agenda is a part of his plan for addressing the Gulf mess.
The answer can be found in Obama Chief of Staff Rahm Emanuel's now-famous words, "You never want a serious crisis to go to waste -- and what I mean by that is it's an opportunity to do things that you think you could not do before."
Harder Than it Looks. Reducing oil consumption and carbon emissions from transportation is a much greater challenge than conventional wisdom assumes. It will require substantially higher fuel prices, ideally in combination with more stringent regulation.
Higher Gasoline Prices Essential. Reducing carbon dioxide (CO2) emissions from the transportation sector 14% below 2005 levels by 2020 may require gas prices greater than $7/gallon by 2020.
Originally posted by intrepid
Well that's surely a good way to ignite spastic inflation. Just what America needs right now.
Btw, why do gas companies always have to make a profit? Doesn't a car maker take it on the nose when they screw up? Toyota comes to mind. But NOOOOO let the taxpayer pay for Big Oil's screw ups. :shk:
Originally posted by Benevolent Heretic
And if other countries are paying that much, why shouldn't we?