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10/24/2008 05:48 AM
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How Will U.S. Consumers React to Temporary Drop in Gas Prices?
SustainableBusiness.com News
The U.S. can't afford to be lulled by a temporary drop in the price of gasoline, according to Thomas L. Friedman, best-selling author of The World Is Flat.
In his most recent New York Times column, Friedman writes, "This moment feels to me like a bad B-movie rerun of the 1980s. And I know how this movie ends--with our re-addiction to oil and OPEC, as well as corrosive uncertainty for our economy, trade balance, security and environment."
He goes on to state that the nation cannot afford a financial bailout plan that does not also incldue a green buildup.
In Related News...
The U.S. House of Representatives special committee on global warming loses its authority to hold hearings at the end of October and its funding runs out at the end of the year.
According to Mike Soraghan on TheHill.com, there is only a slim chance that the committee will be renewed, even as Congress gears up to tackle climate change under a new administration.
