Quote Originally Posted by Al Khalifah
Sorry Red, we already have massive taxes on petrol in the UK and they aren't helping to solve the problem at all. The Government just squanders the money on inefficient schemes for public transport.

Raising the price of petrol does not stop people using their cars, it just decreases their disposable income to spend on other things and rather unfairly hits the poor and rural populations - rather than the urban population.
Actually this price increase together with the high oil taxes has starting to make ethanol to a popular car fuel in Sweden ATM.

But you're correct that the rural area is hurt most and that people still use thier cars, though probably not as excessive and not with as fuel consuming cars. A rise in price does give a noticeable temporal effect though.

BTW isn't market speculation "fun"?
Considering that the oil companies does record profits ATM.

And isn't ANWR still supported by the oil industry? I guess it wouldn't lower the prices much anyway considering that it would otherwise be a bad investment.