
Ok, so Tim Worstall may know his beans when it comes to metals, but he is clearly clueless when it comes to economics and seems to be yet another greeny trying to get everyone wearing hemp clothing and sandals...
Yes, we desperately need to look at alternative fuels to replace our dependancy on fossil fuels, but taxing us to death is not the answwer and Lord knows our unelected 'representative' doesn't need any encouragement there!
We're never going to be able to properly investigate these alternative fuels as long as it is the oil companies doing the 'research' - we all know they will do the bear minimum for PR purposes and mothball the rest. As long as oil is trading at the unsustainably silly prices it currently is then it is these very same oil companies who are reaping the profit (cue Oil companies posting another year of record profits...) whilst Joe tax-paying Public is forced to pick up the never-ending tab.
As a previous poster has already pointed out, it's not just the car-drivers out there that are suffering from this - whole *industries* are folding because of the corporate greed that infests our 'government'. Ultimately, fuel price rises affect the price of EVERYTHING - at some point, no matter what the product is, it is going to be transported - be that by plane, train or truck and if it costs them more to shift it it'll cost us more to buy it. Simple economics.
By the same argument, you could say that lowering the cost of transportation should also lower the cost of the products or services reliant upon them - could we not investigate to see if abolishing the extra tax on fuels could be countered by raising VAT? Before you start yelling hear me out on this one - read the above sentence again - if the prices of products can fall (because they are cheaper to transport) then raising the % of VAT on them could counter that fall so the products remain at the same price but fuel is signicantly cheaper. This means lower bus/train fares - so we could finally look at making Public Transport a viable alternative... It also means that folk living in rural locations, or simply locations that don't have decent public transport (don't know abut your town but in mine the number of bus routes has diminished significantly over the last few years) can afford to travel to work!
Going back to the 'green' aspect of the argument - the only way we can truly go green is if we take a windfall tax from the next oil company to declare ridiculous record profits and channel it to the research organisations that have so far suffered from repeated cut backs under this pathetic 'government' of ours so they can look into viable alternatives to fossil fuels and protect them so they can do so without the risk of the big energy companies buying up the rights to anything they discover and hiding it away until the last drop of oil is burned...
Wow - quite a rant. Sorry! :)