Reuters estimates cash for clunkers sales will reduce US gas usage by … just one-twentieth of one percent, though more sales may increase that to a whopping one-quarter percengt.
The San Francisco Chronicle notes that the EPA requirements on the newly-purchased models, if run higher, would likely have increased efficiency.
at the expense of formerly Big Three sales in the program.
Now, the program may get Americans to think more about fuel efficiency, but it’s unlikely. On the other hand, the efforts of Andrew J. Hall, arguably the king of oil commodities future speculators, may do that.
So, instead of that, why doesn’t Obama push for the legislation to put bozos like him out of business and replace his “skimming” with an increased gas tax?
No comments:
Post a Comment