It appears that price incentives impact carbon usage.
Hmmn, does that mean the Green Shift might work?
Oil continues downward march
MADLEN READ The Associated Press
NEW YORK — Oil prices fell again Tuesday, dampened by a stronger U.S. dollar and more evidence that developed countries such as the United States are cutting back on their energy use. Light, sweet crude dipped by $1.44 (U.S.) to settle at $113.01 a barrel on the New York Mercantile Exchange, after falling as low as $112.31, a new three-month low. Oil is now nearly $35 below its July 11 record high of $147.27.
Full story:
http://m.avantgo.com/ui?ag_url=52616e646f6d49564ab2f608ba26804be079db870e0ddb8e1b4faa521ebfb056a3332ddbbd42370ac68582307bfde267b08d6cc44ac65647222848de273ba9f0fabc5efa428404144b0db18d64b49191&ag_channel=4179&showNav=0&ms=globeandmail
James Morton
1100 - 5255 Yonge Street
Toronto, Ontario
M2N 6P4
4 comments:
Green shift is bs
Wow what an epifany free market capitalism works. The problem with the green shift is the market says the price should be X and then the Liberal plan says the price should be X + Y. However as the price of oil is set on the world market the extra cost will not cause the price to go down as the rest of the world still pays X or in the case of China and the middle east countries X - subsidies. This means that Canadians will be paying more than everyone else except the Europeans and jobs will go elsewhere.
anonymous, the exployment intensity of oil is about (I forget exactly) 1/4 of wind turbines. That is, a wind turbine industry 25% the size of an oil industry delivers as much in salary and workers, ignoring trickle-down. If this weren't true, Alberta would have 10 million people.
Coal is the reason a carbon tax works and the free market fails miserably, perhaps to the end of our civilization. The market can't secure our harvests but government policies like the carbon tax shift can.
Right noiw the US oil industry makes $300000 annually off every AB oil patch worker. Yet AB refuses to extract the funds it needs just to break even when the unsustainable boom ends and we grow up. The oil industry, far from honourably paying its externalities, has hired the exact some law firms and thinktanks that asbestos and tobacco industries used in their free market actions. How's the free market doing for Africa? How's it doing for the City of Calgary's books (can't afford firehalls)?
The Europeans live longer than us and we live longer than Americans. "Free Market" is synonomous with "super-rich".
To equate market forces with Dion's silly plan is nonsense!
Govts and taxation cause inflation . . . period.
Liberals don't believe in free markets, that is why the Canadian manufacturing scene is such a disaster . . . companies have been leaving for decades because of over taxation and red tape.
Phillip . . . who owns the oil companies? Do you have a pension, do you have stocks? Then you do!
If you want to destroy wealth and pension funds in north america, bring in hair-brained taxes and silly rules, like the greenie whacks have done for the last 30 years. Don't drill offshore, although Norway, Mexico and now China are doing it.
Norway is rolling in cash, thanks to their off-shore drilling and technologies.
If Dion causes an election this fall, it will be just in time for his leadership review at the upcoming LPC convention, after he loses again!!!
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