econ 101 (Score 1)

does anybody else think the author, while meaning well, is underestimating the inelasticity of demand for oil a bit? i think prices will have to increase dramatically to see a real effect on fossil fuel consumption, or a reason for an alternative. case-in-point: while gas prices have risen gradually, demand for SUVs and similar gas-guzzlers has increased. and while gas prices are much higher in europe than america, people still drive fossil fuel -powered cars (albeit more fuel efficient ones on average).