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Even if taken at face value, Browns study is after the fact while business decisions are based on assumptions about the future, without benefit of a crystal ball. <br /> <br />Can anyone predict what interest rates, inflation, and the price of oil will be 10 years from now? Should a fleet taxi or truck operator invest in hybrid technology, wait for hydrogen, or keep buying conventional gas/diesel? Keep in mind that during Bush I, economic growth was spotty, inflation and interest rates were moderate, we had huge deficits and oil was $30/barrel. Conventional wisdom at the time was that things weren't likely to change anytime soon. During the 90s, we had great growth, low inflation and interest rates, the elimination of the deficit, and $13-$18 oil.
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