this post was submitted on 21 Dec 2023
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268
American automakers are losing the race to make more fuel-efficient vehicles (www.theverge.com)
submitted 11 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 4 points 11 months ago (1 children)

I mean I agree that this should be done, but the problem is that basically that would instantly destroy what is left of the entire economy.

People and shipping business are operating on razor thin margins right now, and if the price of gas basically doubled in a 3 to 9 month period from ending all of the subsidies to oil and gas companies, basically logistics firms would go out of business, large retailers with their own shipping would make up the slack by cutting standards and raising consumer prices, and a huge amount of peoples personal budgets would collapse as they can no longer afford their daily commute.

This of course was and is the plan of oil and gas companies. You cannot double the price a what is functionally a drug the economy is and has been addicted to for quite a long time (cheap gas) without, at this point, life threatening withdrawals.