Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil
Green Car Congress
APRIL 10, 2009
By working out that the price of oil will fall when the EU’s regulations fully take effect, the study suggests that the European economic benefits of fuel efficiency have been underestimated, in general by up to 17%, according to T&E. The dangerous part is with the price of oil likely to drop, demand for fuel will go up.
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