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Tuesday, May 27, 2008
$8 a gallon gas?
The Atlanta Journal-Constitution
Ben Lieberman of the Heritage Foundation writes that legislation pending in Congress - set for a vote next week- could raise gasoline prices to $8 a gallon. The bill is called the America’s Climate Security Act and is sponsored by Sens. Joe Lieberman (I-Conn) and John Warner (R-Virginia).
In an effort to reduce global warming, it would place limits on the amount of gasoline and other fossil fuels Americans can use, writes Ben Lieberman. Europe has similar anti global-warming measures, he writes, and gasoline is $8 a gallon.
But he argues that even if Americans reduce driving because of the bill, China and India will continue to use more, offsetting U.S. gains. Read analysis here.
Should Congress delay the fight against global warming if it will mean drastically higher fuel prices and further jeopardize the U.S. economy?
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