By Murray Bourne, 07 Feb 2006
China and India are hell-bent on "catching up with the West" and building pollution-spewing cars. We will be stuck with $50+ per barrel oil and world instability as a result for a very long time.
Why don't they take the opportunity to pour money into development of fuel cells or hybrid cars and tax the fuel guzzlers out of the market? What an export earner that would be - and would do something about their own critical air pollution problems. They could even follow Singapore's lead of restricting the number of cars allowed to be sold - now there's a concept.
There's no way the US could think like this - they refuse to even ratify the Kyoto Protocol.
Even though Bush claimed in his recent State of the Nation speech that the US was aiming to reduce its dependence on oil, I don't believe it. They have to put a lot of other things in place to make this happen, like heaping taxes on SUVs and pricing gasoline the same as it is in Europe or Japan or pretty much anywhere else.
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