I think this is one of Bush’s best ideas … to push for alternative fuels. In ten years, if we can drop our production by 50%, the world will be a tremendously different place. Of course, that assumes China doesn’t pick up the slack in consumption. But if all things were equal, the money flowing toward oil producers would drop dramatically and force revolutionary changes. The US is the largest consumer market and will, by default, force the ball rolling.
[ Rivals Join To Develop Hybrid-Car Technology (washingtonpost.com) ]
In 2004, Americans will buy about 80,000 hybrids, Bruynesteyn wrote — a small fraction of the more than 16 million vehicles that will be sold overall. But he projected the hybrid market to climb to 470,000 vehicles in 2007 and to 3 million a year within a decade.
Of course, I’m only echoing the ideas of others that have written on this. Friedman from the NYT, Phil Greenspun has something on this, and probably lots of others. More links to come if I have the time to dig them up.
