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Politics : Foreign Affairs Discussion Group
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To: michael97123 who wrote (197940)8/18/2006 12:13:35 PM
From: Hawkmoon  Read Replies (2) of 281500
 
Friedmans gas tax to get immediate conservation in the system makes more sense now even though it would involved some economic sacrifice in the US.

I don't know if I can approve of that at this point, given its economic consequences and that the money would just enrich the government coffers at the expense of the American consumer.

Now if all of those tax revenues were DEDICATED to advancing alternative fuel technologies, and not permitted to be used for other governmental expenses, I might concur.

But that's not going to stop the demand for oil since China and India will continue to consume more oil as their economies progress.

I do think that having Bush come out with a concerted plan to advance PRACTICAL alternative fuel programs that are market compatible might make a difference in seeing the price of oil decline in the face of this political risk.

Hawk
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