Nine dollar gasoline?


This post was made nearly two years ago. Does it seem any less outlandish now than then?
clipped from chance-meeting.blogspot.com

Thursday, July 13, 2006

Had a dream last night. It seems the federal government had finally decided to get serious about the dependence on fossil fuels, and announced a program for alternative energy transportation to be put on the fast track. I don’t remember the details of that program, but in conjunction with that came another announcement:

Effective immediately, the retail price of gasoline, nationwide, would be set and frozen at nine dollars ($9.00) a gallon.

Presumably this would serve as consumer protection on the high side (to keep the price from going to, say, twelve). But in the immediate effect, there would be two consequences:

1. Short-term decrease in demand, some of it permanent as people adjust to different ways and schedules of getting from place to place.

2. An immediate revenue stream to fund the change to alternative energy sources, presuming that the difference between this madated price and what the market would bear is forfeit to the government for that purpose.
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One thought on “Nine dollar gasoline?

  1. I like the way you dream! I hope it’s prophetic ….

    I haven’t had much nice to say about Thomas Friedman over the last few years but this column from yesterday was *almost* spot-on, in my opinion — almost because he’s still an advocate of nuclear power, which I’m against. But I think it’s worth a read.

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