Michael Tobis wrote:
> It is only a slight exagerration to say that ten
> dollar a gallon gasoline cannot come too soon.
>
> My big concern is that some sort of gasoline rationing or preferential
> pricing will prove necessary in the US and similar countries, because
> demand from rich people is not price sensitive, but the entire
> infrastructure depends on the mobility of poor people. That will be a
> nasty political tangle to say the least.
Time for a bit of transatlantic perspective: petrol prices in the UK are
currently over $9/gallon. OK, that's a bigger gallon. But still...it's
close.
People might like to work out the effective "carbon tax" on petrol in
the UK too...
James
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