Sunday, March 27, 2005

$3.00 a Gallon Gas?
Bring it on! Seriously, this may become the reality with the growth of the Chinese economy (not to mention the growth of the Indian economy). Ever-increasing demand and stable supply equals long-term price increases. I've said in the past that we need to create incentives to consume less oil. The best incentive would be a tax on gas, but accompanied with tax cuts in other sectors to keep the government's revenue and the change in overall tax burden neutral.

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