Quote:
Originally Posted by scottw
right..."tax credits for the rich" if roles were reversed....
the credits were not intended to reduce demand or oil prices, they were intended as an answer to "necessarily higher" energy prices ( and to prop up GM)
|
I presume that as more Americans drive more fuel-efficient cars, that will reduce
our demand. But I'd also assume that our decreased demand is more than offset by increased demand in emerging economies like China and India. Is world demand for oil significantly lower than it was a few years ago?
And even though the credits weren't "intended" to lower prices, we can chalk that up to a fringe benefit of Obama's briliance.