Too good not to post

I found this on Green Wombat, a Forbes.com blog. It’s perfect as is, so here’s the complete story:

Bill Ford: Gas tax, please.

DANA POINT, Calif. — Have you driven a gas-guzzling planet-warming SUV lately? If so, it’s probably because gasoline prices have plunged in recent months and you’re more likely to trade up to a truck, Ford Motor Executive Chairman Bill Ford said Monday.

And he’s not happy about that.

“When gasoline went to $3.50 a gallon we saw a sea change in customer behavior,” Ford told Fortune Magazine managing editor Andy Serwer at Fortune’s Brainstorm Green conference in Orange County, Calif. “Now people are turning away from more fuel-efficient vehicles and taking the bigger vehicles.”

“I’ve been talking for five years now about the need for a gas tax,” he added. “We have to have some predictability on fuel pricing and that price signal has to be strong enough so customers” will continue buying smaller, fuel-efficient cars.”

In other words, Ford Motor (F), General Motors (GM) and Chrysler won’t be able to kick their addiction to the profit margins that come from selling monster cars until consumers go cold turkey on cheap fuel.

Ford, who said he had been considered “something of a Bolshevik” in the auto industry for his early embrace of electric cars, said Detroit needs a floor under gasoline prices so it can make investments in alternative fuel vehicles.

“The worst thing for us is instability,” he said. “We need a much more stable planning horizon. That’s not just true for gasoline but for any fuel we use.”

Ford noted that when he joined the Ford board two decades ago he was told to stop “consorting” with suspected environmentalists. Times have changed in the car business.

“We haven’t had a lot of revolutions but boy are we now. I love it.”

Does this sound familiar? There’s been a lot of discussion around this idea, and I offered my idea of what we should do about it last fall. An energy price-floor could provide stability to critical markets and help pay down our unfathomably massive national debt. What’s not to like?


Posted: Tuesday, April 21st, 2009 at 12:19 pm
Categories: move
Tags: , , , , , ,
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