Chinese fuel shortages: The need for hybrid tax credits?
For some in China today, there isn't any gas or any diesel. Maybe tomorrow, maybe not. If any fuel does come, it will quickly be guzzled away. China, inevitably, must find more foreign oil - a LOT more.
Hence, even if America becomes a little more fuel efficient in the next few years, increased consumption from China will easily replace our demand.
The need to go hybrid
Yesterday, I posted studies demonstrating America's increasing demand for fuel efficiency, and the desire for more fuel efficient automobiles. Yet, other studies indicate that while American consumers definitely want more efficient vehicles, they don't want to pay any extra costs for such autos - even if those costs are more than recovered during the life of the vehicle.
Thus, isn't it time for some temporary government intervention? Finish: Chinese Fuel Shortages: The need for hybrid tax credits