Sep 27, 2006

GLOBAL WARMING: THE BAD NEWS IS THAT GAS PRICES ARE FALLING.

Waiting for the problem to solve itself after we exhaust fossil
fuel reserves has a significant downside. So who's waiting?
California is suing six automakers for environmental damage from
auto emissions. The British Royal Society charged that Exxon
funds groups like the Competitive Enterprise Institute to spread
misleading information about climate change. Sir Richard Branson
says billions of dollars in his profits from Virgin companies
will be invested in alternative energy, and a lot of billionaires
in Forbes list of the world's richest people are investing in the
same thing. Ford and Chevrolet are sinking under the weight of
the SUV gas hogs they turn out (unfortunately, it's their workers
who will pay the price). All this from higher gas prices? Let's
shoot for $4 gas. But not everyone gets the message. A GM
spokesman sought to counter California's suit by pointing out
that GM is working on hydrogen-powered vehicles. Sigh!

Robert L. Park THE UNIVERSITY OF MARYLAND.