Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I know that the US has no plans to deal with this other then look for more oil and pretend it doesn't exist, but what are other governments doing?  Are they more proactive?

Sorry if you have covered this and I missed it.

by sgilman on Fri Jun 24th, 2005 at 08:22:43 PM EST
not really.  The Europeans put huge taxes on mogas/diesel to keep use as low as possible per unit of GDP but they're still hosed when the price finally jumps up for good.  Perhaps less so.
by HiD on Sat Jun 25th, 2005 at 02:05:26 AM EST
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Yes, Europeans have dropped the ball as well. They stopped increasing taxes in the early 90s and cars have steadily gone bigger and heavier ever since. MPG used to be a selling argument for cars back then; now it has totally disappeared from marketing, proof that it's not an issue that motivates people and thus that taxes are not high enough to bite.

(The existing amont of taxes does buffer the oil price rises)

There are some efforts to impose road pricing for trucks, which may go Europe wide soon; and much better policies on the renewable power side, but that has little impact on the oil market.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Jun 25th, 2005 at 02:50:13 AM EST
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