Actually, I would follow a policy of steady, predictable increases in oil
taxes. This would create a market for more energy efficient vehicles, etc.
And is perhaps one of the only ways to reduce our dependence on foreign energy
sources.
Andy
-----Original Message-----
From: Sam Morris [mailto:[EMAIL PROTECTED]
Sent: Thursday, October 14, 2004 12:08 PM
To: CF-Community
Subject: Re: Economists: Both Plans Flawed
I thought Europe and Asia paid the same per barrel for
oil as the US but taxed the hell out of it.
Which reminds me of Gruss' hero Paul O'Neill wanting
to add a $10 per barrel tax on oil.
-sm
--- Won Lee <[EMAIL PROTECTED]> wrote:
> >But the country must do a better job of finding
> >alternative energy sources and conserving: "We need
> to
> >wean away from OPEC oil for the economy and for
> >national security reasons," Sohn said.
>
> I agree with almost everything that was written
> although I do feel that the
> policies that will be implemented if Kerry were
> President would be more
> effective. I'm largely basing that statement that
> the Republican Congress
> would control/balance a Democratic President,
> something they were unwilling
> or unable to do while Bush was in the White House.
>
> The part that I disagree with is the paragraph I
> copied. Weaning away from
> OPEC oil wouldn't substantially have a major price
> impact. We have to get
> that oil from some place. And even if we got that
> oil from a non-OPEC
> contry like Russia; supply and demand would dictate
> that oil prices are
> going to go up.
>
> Imagine this scenario. The US purchases a 100% of
> foreign oil from
> Russa. OPEC countries have a supply disruption.
> Other countries like
> China that depend on OPEC oil are going to drive up
> the price of oil in the
> open market. They will turn to Russia and other
> OPEC countries and offer
> more money for said oil. Now China is buying more
> Russian oil which
> increases the price for oil for the US. And this
> price increase doesn't
> even factor in the larger quantity that OPEC
> outputs.
>
> OPEC, despite their many blunders and cartel like
> regime, is a very very
> powerful institution. This highlights the
> importance of crude oil. I used
> to live in London and Asia but have spent the last
> 13 years in America. I
> visited Asia last winter and even though I knew gas
> prices were ridicules
> in the rest of the world, I was still shocked. I
> was shocked how expensive
> it was. I was shocked that they sold it in liters.
> I buy Diet Coke in
> liters, not gas.
>
> The god damn stock market has been moving lock in
> step with crude oil
> prices. This is driving me mad.
>
>
>
>
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