Friday, December 08, 2006

Tax incentives for hybrids, or oil companies?

Even in the final days of the current Republican led Congress, tax incentives for oil drillers are still of extreme importance. Even in these days of astronomical oil company profits, more tax incentives for oil companies are still far more important than tax incentives for hybrid cars and other clean vehicle technologies.

If filthy-profit rich oil companies can't afford to do more Gulf drilling without tax incentives, then too bad. If that means higher gas prices in the short term, then I guess it will just make alternative fuels and hybrid cars that much more cost-effective. Besides, the more we invest in alternative fuels and clean vehicle technologies, the less we'll have to be worried about the price of oil in the long term.

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