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Re: Hubbert's peak



On Wednesday, June 2, 2004 at 14:07:19 (-0700) Devine, James writes:
>it's interesting that (according to MS SLATE on-line magazine) a
>whole bunch of conservatives, including Gary Becker, are endorsing
>steep taxes on gasoline in the US, to encourage conservation and
>gas-saving technical change, while punishing the oil
>producers. (W. Europe did this years ago.) Good idea, though ...

Given the elasticity of demand for gasoline, isn't taxing gasoline a
punishment for consumers?


Bill



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