| But Will 10 Billion Fewer Miles Ease My Commute? |
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| Written by Samantha Hulkower | |
| Thursday, 27 March 2008 | |
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As anyone who has taken an economics course knows, the laws of supply and demand are simple: When demand increases while supply decreases, the price goes up, and demand will eventually go down. Economists, for all our eagerness to forecast and predict people's behavior, recognize there is a lag time between the increased prices and decrease demand, but they'll be darned if they can tell you what that is. Using the combined CAFE for cars and light trucks produced in 2007 of 22.2mpg, that's about 450 million gallons of oil not turned into greenhouse gases and other pollutants by vehicles last year. Not bad. Of course, this week's news could be due to the economic downturn and the fact Americans are too busy trying to keep their homes from foreclosure to be able to joyride around the mall. But beggars can't always be choosers when it comes to reducing emissions. Comments (23)
  written by a guest, March 27, 2008
That would be 450.5 million gallons of petrol not 222 billion.
written by Samantha Hulkower, March 27, 2008
Hi Brian,
I looked for the report too but couldn't find it. It was reported by Reuters, maybe the know someone on the inside? Samantha written by whole sale jewelry, October 22, 2008
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Yeah, OK, we can be the change that we want to see in the world. But unless powerful people in powerful positions want to be that change as well, nothing's going to change.
So now, finally, there's a place where you can go for news and analysis of politics from an environmental perspective.
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Can you provide a link to the FHA story? I went to their website and couldn't find it.