So what does this have to do with the price of gas in
When the Chinese government recently announced that gas prices were going up, I, like many people, was surprised. Mostly, cynics that we are, we didn’t expect something that might anger people to happen before the Olympics. But I guess, when the alternative is long lines at the pumps, and taxis that won’t go, the early price increase seemed reasonable.
Taking a longer term perspective, which is what I am more interested in talking about anyway, gasoline and diesel prices are on the rise. This recent 20% increase is pretty muted relative to what we have seen in the
High energy costs are not new to
Most likely, though, that flirtation with cheap energy is coming to an end. In
So – and this is a question I have been pondering for the last five years – what happens when gasoline finally reaches $10/gallon in the
The real question, then, is whether the leaders of