Driver of Innovation’s Recent Comments

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  Market Driven

  Whether or not gas is $2 a gallon or $20 a gallon has absolutely no impact on technical feasibility.  Congress or the EPA can mandate certain things but they can't mandate the laws of physics.  What was technologically feasible at $3 dollars a gallon doesn't beome any more feasible as the cost of gas increases.  And even if it is technologically feasible (see Honda Clarity) it doesn't make it cost effective (Honda's president said that the Clarity costs several hundred thousand dollars to make).  Consider this without one ounce of government intervention high gas prices, i.e. the market, has reuslted in:

  Americans driving 1.4 billion Fewer Highway Miles in April of 2008 than in April 2007

  A decline of nearly 20 billion miles traveled this year, and nearly 30 billion miles traveled since November.

  2.6 billion trips on public transportation in the first three months of 2008.  This is almost 85 million more trips than last year for the same time period.    

  EIA estimating U.S. petroleum consumption will shrink by 290,000 bbl/day in 2008.

  A corresponding 20 million ton CO2 reduction from autos in 2008.
  On Select Committee acquires documents related to EPA's proposals for rulemaking on auto emissions posted 1 year, 5 months ago 2 Responses