Maybe 20$/gallon would be what it takes for a quick transition?
And yes it's not even that high relatively! I would love to see an analysis taking into account cost of global warming just that we are already feeling.
I read an article earlier today analyzing cost per mile driven in real dollars.
We're actually a good amount lower than 2007 recession. And way lower than 80s.
But people don't see that. They see $5 and $80 to fill up a giant pickup truck.
https://www.marketwatch.com/story/the-price-of-gasoline-isnt...
Ah there we go, you’re trying for “progress” despite the economy limping along right now. Kick them while they’re down ey?
> IMHO we do need those high prices to discourage driving. It is after all probably closer to the true cost with externalities of global warming. Could spur more investment in renewables too if done right.
And you believe the right time to do this is when we have record inflation?
Also gas is hitting $6+ a gallon where I’m at.
I would love if we could use this crisis to get investment in renewables and EVs/batteries.
I could see Congress passing an emergency subsidy before the election if gas stays above $4 especially if it rises above $5. I would hope we can spend an equal amount or more for longer term 'green' investment, regardless of what happens.
IMHO we do need those high prices to discourage driving. It is after all probably closer to the true cost with externalities of global warming. Could spur more investment in renewables too if done right.
BUT would need to help lower earners during transition or will just get pummeled in the election and Republicans will do the opposite of what's needed on climate.
I personally think most equitable solution would probably be raise corporate rate back up a bit + on very high earners/get rid of some wealthy deductions.
Then do something akin to the child tax credit mailed out each month for maybe <50k households. An energy credit. Scale up slightly if have a bunch of kids.