Saturday, August 20, 2005

Smell of fear

CNN.com - Senate to hold gas prices hearing - Aug 19, 2005: "Driven by tight supplies and U.S. crude prices near $65 a barrel, average retail gasoline prices hit a record $2.55 a gallon this week, according to government data.
That's about 68 cents higher than just a year ago and the biggest weekly increase on record, which has triggered fears that high energy costs could hurt U.S. economic growth."


How about encouraging more fuel efficient vehicles (e.g. by removing tax breaks for SUVs), raising design & construction codes to require higher standards for insulation of buildings, …..?

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