By — Paul Solman Paul Solman Leave your feedback Share Copy URL https://www.pbs.org/newshour/arts/the-rising-price-of-oil Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Making Sense: The Rising Price of Oil Arts May 24, 2011 12:42 PM EDT Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here’s Tuesday’s query: Name: William Bair Question: What, if anything, is be done on the rise of oil? For me, I ride a bicycle for six months and go to Guatemala for three which leaves three months for gasoline use. Larry Bessler purchases gasoline at a Shell station February 7, 2011 in Chicago, Illinois. Photo by Scott Olson/Getty Images. Paul Solman: Carpool? Is there public transportation in your town? The only way to restrain the price of oil is to decrease demand. The quickest way to do that is some sort of carbon tax. But of course, that will increase the price. Which is the whole point: discourage consumption. _Follow Paul on Twitter._ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Paul Solman Paul Solman Paul Solman has been a correspondent for the PBS News Hour since 1985, mainly covering business and economics. @paulsolman
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here’s Tuesday’s query: Name: William Bair Question: What, if anything, is be done on the rise of oil? For me, I ride a bicycle for six months and go to Guatemala for three which leaves three months for gasoline use. Larry Bessler purchases gasoline at a Shell station February 7, 2011 in Chicago, Illinois. Photo by Scott Olson/Getty Images. Paul Solman: Carpool? Is there public transportation in your town? The only way to restrain the price of oil is to decrease demand. The quickest way to do that is some sort of carbon tax. But of course, that will increase the price. Which is the whole point: discourage consumption. _Follow Paul on Twitter._ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now