One suggeson increase our own oil producon from our

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Unformatted text preview: ket forces World poli;cs Taxes & Incen;ves Because energy prices are so deeply ;ed to economic growth, many governments subsidize energy prices to keep energy prices down, –  Ar;ficially low prices encourages high rates of consump;on & economic growth Government influence on energy prices can encourage or discourage consump;on U.S. – taxes low, encourages automobile industry, diffuse popula;on density Europe – taxes high, encourages mass transit, city living Transportation energy use per capita (gigajoules) U.S. 105 Denmark 41 Netherlands 41 As a result of infrastructure built around historically cheap o...
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This note was uploaded on 01/30/2014 for the course IB 105 taught by Professor Caceres during the Fall '08 term at University of Illinois, Urbana Champaign.

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