Oil prices are collapsing. I see this as a mixed blessing. On one side I am happy that oil exporters get to make less money doing nothing. On the other side I am concerned about more CO2 emissions around the world and a slower shift to alternative energy. So what I would love to see is for the US and EU governments to leave gasoline prices as they are now and as oil prices go down to keep the differences in taxes. This would reduce their gigantic deficits, help alternative energy, reduce the oil import bill and reduce CO2 emissions.
Follow Martin Varsavsky on Twitter: twitter.com/martinvars
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smith K on September 11, 2011 ·
I totally agree with you !
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Michael Gross on September 8, 2011 ·
and oil taxes should be structured to rise when 30% price spikes occur to reduce those spikes and blunt demand!!!!