by Jack » Tue 30 May 2006, 15:08:00
$this->bbcode_second_pass_quote('Falconoffury', 'F')or a country that consumes 21 million barrels per day, 5-10 percent is a significant difference.
Falconoffury, Dreamtwister - what of Jevon's paradox?
As we reduce demand, the price will decline. Some other consumer - China, perhaps - will then consume more.
Thus, there would be no real gain from a Peak Oil perspective. The U.S. balance of payments might improve - but we might also see a reduction of GDP as domestic travel was effectively restricted.
In all seriousness, I don't see any real gain.