The End of the Gas Guzzler
Hugh Pickens writes "Michael Grunwald reports that President Obama will announce today a near-doubling of fuel efficiency standards for cars and light trucks, and the Big Three automakers — GM, Ford and Chrysler — will support it in a final deal that will require vehicle fleets to average 54.5 miles per gallon by 2025, which will reduce fuel consumption by 40% and carbon emissions by 50%. Although environmentalists had pushed for 60 mpg and the White House had floated a compromise of 56.2, 54.5 is pretty close, considering that last year's standards were only 28.3. 'I might point out that the same auto industry that ran attack ads about how 56.2 would destroy their businesses and force everyone to drive electric cars has embraced 54.5 as an achievable target,' writes Grunwald. 'It almost makes you wonder if the automakers may have exaggerated the costs of compliance, the way they always do.'"
The real way to tackle this problem is with gas taxes. Raise the cost of gas up to 6 dollars a gallon, and the fleet average will go up, from consumer demand.
except that the change is not quick. If suddenly the price of gas jumps it may be months or years before a person can afford to buy a better car. Not to mention the time it takes for the car companies to tool up to meet demand for fuel efficient cars. Buying a car is not like buying laundry detergent. You just can't switch over to a new car rapidly enough to adapt to rapid changes in the price of fuel.
Yet another situation where the failures of market economics is laid bare. This is a situation where only government has the ability to do the correct thing for the public good.
putting the 'B' in LGBTQ+
The "Hydrogen Economy" is a scam. The cheapest way to make hydrogen is via hydrocarbon fractionation. Both green houses gasses will not be affected or reliance on fossil fuels.
putting the 'B' in LGBTQ+