Thursday, August 14, 2008

canucks driving more.

http://www.theglobeandmail.com/servlet/story/RTGAM.20080814.wdriving0814/BNStory/National/home

Statscan said Canadian drivers have shown they can sharply curtail consumption in the face of higher prices:

• The volume of gasoline purchased by consumers fell 12.1 per cent between 1980 and 1984 as prices rose 65 per cent.

• Consumption fell 5.1 per cent from 1989 to 1991 as prices increased 12 per cent.

A major difference in both periods was that real incomes were being squeezed by recessions, the agency notes.


D: but


A major difference in both periods was that real incomes were being squeezed by recessions, the agency notes.

Since 2002, real incomes have risen steadily.


D: the main reason folks switch to 'green' products, for example, is:
1) better product
2) better deal
In fact, being green rarely has anything to do with it.

The only way Canadians will drive less is an strong overall impact on their bottom line.
In the wallet.
Carbon taxes are useful in that fashion.
D>

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