Tom Adams wrote:

> 
> I figure the less wealthy part of the US would start using public
> transportation, vanpooling, and carpooling in response to a steep rise
> in gas prices.  With no public-sector spending.  If the public sector
> did not provide more buses, the private sector would take up the
> slack.  In the longer term, they would buy more fuel-efficient cars.

But how steep would the price rise have to be?

James


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