| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Come and enjoy the lovely air in Putney High Street - I don't think | |
| Posted by: | Fraser Pearce | |
| Date/Time: | 22/01/10 01:13:00 |
| In comparison to its impact on economic growth, oil’s underpriced by as much as a factor of fourteen. As a very rough rule of thumb, if your litre of unleaded reflected only half the underlying economic value of oil, it’d cost a shade under £260 to fill up a Smart Car. When price better reflects the underlying ‘value’ of oil to our economy, thy will be done. The first and second laws of thermodynamics will force politicians to accept traffic reduction. Nature’s in control. Blair grasped this as Shadow Energy Secretary, later initiating the ‘US-UK Energy Dialog’ in April 2002, when he and Bush met in Texas and also agreed, in principle, the Iraq invasion. [It’s ‘false antithesis’, by the way.] |