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Monday, February 28, 2005

The Price Is Wrong

The Price Is Wrong

$50 a barrel can't wean the world from oil.

Is the internal-combustion engine dead? Listening to all the voices calling hybrid vehicles the future of transportation, you might think so. Alternative energy is back in style among the chattering classes. But oil prices would have to go a lot higher to make so-called renewables--such as solar and wind energy--commercially viable. That means their future won't be decided by consumer tastes or market conditions, but by government policy.

Austin Leads Charge for Plug-in Hybrids

Bush Lacks Energy on Energy - February 2006 - See what's happening one year on ... the price is still wrong!

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