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. Higher fuel prices may mean less pollution

disclaimer: image is for illustration purposes only
by Staff Writers
Davis, Calif. (UPI) May 12, 2008
U.S. economists say high gasoline prices might lead motorists to drive more fuel-efficient vehicles, resulting in lower greenhouse-gas emissions.

University of California-Davis economist Chris Knittel says that fewer miles being driven might make an important dent in the U.S. contribution to global warming by reducing annual carbon dioxide emissions by tens of millions of tons per year.

Knittel and colleagues told New Scientist magazine they found sales of the least fuel-efficient cars fell by 13 percent for every $1 per gallon increase in the price of gasoline. And for every $1 hike in gas prices there was a corresponding 17 percent sales boost for the most efficient vehicles.

Knittel's findings are similar to those of economist Kenneth Small of the University of California-Irvine. Small projects rising fuel prices could lead to a 20 percent drop in total mileage driven, producing a substantial reduction in carbon emissions.

But politics might intervene. Economist Roberton Williams of the University of Texas at Austin noted Presidential hopefuls John McCain and Hillary Clinton say they would suspend federal gasoline taxes for this summer.

"It's a fantastically stupid idea," said Williams, "but people don't like high gas taxes, so it's popular."

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Analysis: Turks eye carrying Kazakh oil
Washington (UPI) May 12, 2008
Besides Russia, the former Soviet republics that have hit the energy jackpot are all clustered around the Caspian Sea. While Azerbaijan, with the Baku-Tbilisi-Ceyhan pipeline, is already hardwired into the Western economy, Turkmenistan's potential has yet to be fully developed, and its natural gas exports have been locked in for the foreseeable future first by Russia and, to a lesser extent, by China.

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