Just read this news article, that GM is going to subsidize gas for drivers.
As I read this, my mind reacted in many ways.
1. Wow. Really, Wow. That shows how desperate and dire the state of affairs are for GM these days. "Please buy our guzzlers. Don't worry about the gas price. Heck, we will pay you the difference. But, please buy our cars."
2. The industry's "deadly addiction" to gas. It is clear that the US automobile industry is staring at the headlights standing in the middle of the road. It will be quite some time before GM and other vendors rejig their assembly lines for fuel-efficient / hybrid cars. The question is: do they have enough time, and will they even survive to see that day?
3. The shape of things to come. I think the next 20 years will usher in a new renaissance. Old companies that are too slow to adapt will be road kill. As the influence by such manufacturing companies wane, the political will towards big oil (and other carbon-fuel dependent industries) will no longer be benevolent. "Environmental conservation" will guide domestic and foreign affairs just as "civil and human rights" did from 1950 to 2000.
The question is, how rough will the journey be in the interim?
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