Why Gas Should Cost More

Posted by: Abhijeet Chavan
Thanks to: Michael Dudley

24 May 2004 - 6:00am

William Rees argues that to avoid a possibly unprecedented human crisis in coming decades, people should be urging their governments to allow the price of oil and natural gas to rise even higher than they are now.

"Governments have known about the coming scarcity of fossil fuels for years, yet they have sacrificed the public interest to benefit the energy and automotive industries. We must begin hiking energy prices now to signal the real scarcity to come. Without higher fuel prices, we will not invest in the technology needed for a smooth transition to the post-petroleum age. If we don't act soon, the remaining life expectancy of industrial society may be less than 40 years."

Full Story: In Praise of Higher Fuel Prices: Why We Should Pay More for Gas

Source: Common Dreams, May 21, 2004