Quote:
Originally Posted by Cardinal_Sin
amd until they shove the price up to a realistic 5-6 bucks a gallon, manufacturors will still keep pumping out 10 mile per gallon gas guzzling motors.
|
Sure.. the effects of a reduction in oil consumption would also ripple out to other areas as well.
Currently oil imports account for almost 50% of the trade deficit. Cars consume around 45% of those oil imports (while public transport uses 25% and the balance going to industry). Any reduction in oil consumption would obviously aid the economic outlook.