On the other hand, the PM has mentioned that with the current rise in oil prices, there might be no need to at this juncture raise the CO2 tax (instituted in 1990). On the other hand, the high oil price has increased government tax revenue, so he said there might be more income tax cuts for low and medium income earnes.
It seems someone still knows Keynesian economics... ;) Peak oil is not an energy crisis. It is a liquid fuel crisis.
