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By A Smith (anonymous) | Posted January 09, 2009 at 13:53:06
Ryan, any decrease in consumption of oil that comes from a carbon tax will only result in higher consumption in other countries. Therefore, if the aim of a carbon tax is to conserve oil, (assuming that it needs to be conserved in the first place) unless you can introduce it world wide, it will not work. All that will happen is that U.S. consumers will use more oil, have more disposable income and a higher standard of living than they do today. In Canada, we will have higher energy costs, less disposable income and a lower standard of living. How is this a good idea?
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