Friday, July 11, 2008

8 Dollar Petrol

A little while ago i wrote about Caltex predicting $3 petrol. Well now the CSIRO says that by 2018, it could be 8 dollars a litre - purely on supply and demand.

That gives a bit of perspective to the thought of 5 cent tax-cuts. Even a 10 or 20 cent increase under an emissions trading system looks like small change.

Clearly, we have to move to alternatives as quickly as possible. We cannot continue like this - either environmentally or economically.

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