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To: KLP who wrote (5166)5/3/2006 12:50:57 PM
From: michael97123  Read Replies (3) | Respond to of 14758
 
I wrote the following earlier on another thread re todays increase in oil and gasoline inventories in the US.

$3 plus gasoline begins to yield voluntary conservation. People are thinking of ways to cut consumption and probably in ways that wont negatively affect the rest of the economy. My son in law is alternating days with a fellow worker in a carpool. My mother in law is taking public transport available to her whenever she can. This story is being repeated nationwide.

LATER ON I ADDED Sure decreased driving might have some impact as in helping walmart because they sell everything (one stop shopping) while hurting some out of the way specialty stores but for the most part, americans can figure out how to reduce consumption without negatively impacting the economy. Is this an argument for keeping the price at the pump at todays prices, even as the price of oil and gas falls? How, by adding a flexible tax that kicks when whosale and then retail price of gas falls below a fixed price, for now $3?? What do you think? I think it leads to necessary but non harmful conservation while at the same time incenting other sources of energy by taking some of the risk out of their investments----if gas were to fall back to $2 for instance, thus eliminating the need for their product.