Originally posted by lazs2
hmm.. strk...not exactly the same thing as raising prices on gas... What Cheny said was that when there is a glut of oil... the example being, when it was $24 a barrel and the arabs drop it to say $18 ... it harms domestic production.. it also never really is reflected in the price at the pump.
He proposed that the import oil be taxed (in this example) $6 to bring it to the current price so that the American oil bussiness (and exploration and industry) stayed viable. Artificially dropping prices long enough to put the American c0ompanies out of the game was what he was talking about as I understand it.
Net results would not be an increase in gas prices..
the democrats are looking at it from an environmental viewpoint like gore (inventer of the internet and half the couple love story was modeled after) who feels that $5 a gallon gas would rid us of the evil internal combustion engine much faster.
lazs
that doesnt figure because if oil was cheaper from overseas then we would buy that oil and not domestic oil. Gas prices WOULD go down because the cost of crude goes down.
Cheney's oil tax scheme was simple trade protection for american oil companies. The net result would have been higher fuel prices, which as we all know affects the price of EVERYTHING.
OTOH the Gore idea was that higher gas taxes, liek those in Europe would raise revenue for mass transit while forcing auto manufacturers to develop more efficient engines - like the hybrids you like to disdain today.
Let me ask you this - knowing that all a hybrid engine does is capture energy that would otherwise be lost, why doesn't it make sense? Shouldn't we try to conserve all things, and not waste anything?
