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Exactly. The problem is not so much with foreign oil, as with oil itself. Higher taxes to reduce consumption(Economists call these Pigovian taxes) seem to be
by aneesh 18y ago
Exactly. The problem is not so much with foreign oil, as with oil itself. Higher taxes to reduce consumption(Economists call these Pigovian taxes) seem to be a good choice to reduce emissions in the short term, but technological advances provide the long-term hope.
- Andys 18y agoAs opposed to here in Australia, where we our higher petrol tax goes back into building more roads and thus driving demand higher.
- steveplace 18y agoWell it's the opposite in the U.S. Mileage decreased for the first time ever last quarter, which is leading to less tax revenue to repair the roads. The most efficient tax would be tolls, but the implementation is a nightmare.