Monday, January 22, 2007

WSJ: Cheap Gas Worries Carmakers

Who are you, and what have you done with Rick Wagoner?
"With the price of oil at its lowest level in 19 months, we run the risk of reverting back to our traditional energy policy," Mr. Wagoner said in a speech at the Automotive News World Congress in Dearborn, Mich., last week. "That is, relying on the lowest-cost energy available on world markets (including imported oil), without providing adequate support for developing alternative sources."