Conniekat8 opened this issue on Jun 13, 2008 · 299 posts
ockham posted Fri, 13 June 2008 at 4:15 PM
According to some economists, the subsidies that keep gas
artificially low in China, India and Venezuela are a big part of the problem.
As China and India get richer and drive more cars, they are free
to use far more gas than they would want to use at uncontrolled
prices. This is starting to cost their governments too much, and
they are starting to remove the subsidy. This will slow their growth and
improve the situation for the rest of the world. (somewhat!)