This story from none other than the Wall Street Journal describes eight good reasons to be happy with high gasoline prices - the first of which is "we can say goodbye to the internal combustion engine", and number six is that it will be an "antidote to sprawl".
I am certainly very encouraged to see this kind of thinking in the Wall Street Journal, that bastion of the world of finance which until so recently supported everything automobile. It might be worth keeping these points in mind before pushing Governments for tax relief. Sure, there are plenty in finance who still do promote the automobile industry and culture - they just support it in China, India, Brazil, Russia and Eastern Europe now rather than in their own back yards. But America likes to throw its weight around, so once we have America convinced that auto-society is not the way to go, then I have a feeling we will be making some very good progress.
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