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It's not the absolute level that matters, only the rate of change. We stopped increasing gas taxes in Europe 10 years ago, and look at the results - we're back to big SUVs and increasingly heavy cars. Fuel efficiency is barely a concern, because gas is again cheap, relatively speaking.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Jun 20th, 2007 at 05:54:10 AM EST
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