Are falling oil prices a problem? Detroit thinks so, says Joe White in the Wall Street Journal [subscription required]. As the energy debate shifts focus from "dependence on foreign oil" to climate change and the threat of CO2, automakers are in the hot seat:
But with Detroit already fighting to break even, lower gas prices have sparked fears that demand — and support — for more efficient, eco-friendly alternatives will slacken. Here's GM head Rick Wagoner:
Sales trends suggest many U.S. car buyers have become more receptive to an eco-efficiency pitch, giving Detroit an "opportunity to make the case for gradual, doable change that works with consumer desires instead of against them." With the price of oil plummeting, will it be too tough to sell new car buyers on "paying a premium to own a high-tech, fuel-saving car"? Or are Detroit's stated concerns that lower fuel prices will sabotage concept stars like the Chevy Volt just another excuse to cling to the status quo?





