But won't lower prices just encourage consumption?AdTheNad wrote:dolanbaker wrote:I voted yes because for every litre of fuel I save is a litre available to be used elsewhere and it will be used!
In the short term yes. But for every litre you don't use, that puts a slight downward pressure on price, meaning less may be extracted and there may be less new holes drilled in the short to medium term. That means in the long run - some might stay in the ground, or maybe not, but it can delay the effects of AGW and the steepness of the down curve.
If you really want to keep it in the ground, buy up reserves and don't produce them. You could set up a fund similar to the "buy an acre of rainforest" (World Land Trust) concept. You could call it "World Oil Trust".
Oh, wait, ... Rockefeller probably trademarked that name.