Originally Posted by al_bundy
you don't need to get oil demand down by 10% or some drastic amount. 1% per year for a few years will drive the price down
Conversely, driving the price UP for a few years will lower demand. If that's what we want we ought to just tax it until we get the reduction we want. Simple.
NYC has mandated that every taxi be a hybrid by 2013. as time goes on manufacturers will produce only hybrids because it's more cost efficient for them.
It makes sense for taxis, being high usage, stop and go. But it seems silly to mandate it. If the price of gas was UP, the taxi companies would want hybrids on their own (or any better tech that comes along).
It just drives me nits to see Congress regulating technology. Pick the goal, set the price, and let the free market figure out the HOW.