Having experienced $4/gallon gas, it is no longer unimaginable. And so if people are buying new cars ... which they will start doing sooner or later, even if economic conditions remained depressed ... they will imagine gas prices that were simply crazy talk in 2005.

However, in depressed economic conditions, it becomes even more critical to address the difference between cost-to-buy and cost-to-own, which is one thing to lobby a new Obama administration for ... a feebate, with an excise on vehicles under current fleet average efficiency and a rebate on vehicles more than twice current fleet average efficiency ... especially a feebate with the rebate focused on vehicles manufactured in North America, would be worth pushing for.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.