Well all the taxes on cigarettes seem to be doing what the Surgeon General couldnt.
I have to agree with FWAAA on that one.
Oil below $60
- Thread starter fltguymk
- Start date
Well all the taxes on cigarettes seem to be doing what the Surgeon General couldnt.
I have to agree with FWAAA on that one.
WeAAsles
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I'm still smoking (stupid yes) but if I was in NYC I hope I'd have to quit? $7 a pack ouch. Maybe FWAA has a point on this one. Americans are naturally greedy and if gas goes down to 97 cents again those crazy stupid Hummers will be back on the road in less than 6 months. America needs a drug (OIL) councilor.
Ed Norton
Veteran
Bakken, Schmacken! Regardless of how much oil they find, it will not be used by the American people. It will be capped and forgotten. The U.S. WILL remain dependant on foreign oil. It is what the globalists want.
Everyone should read: The Energy Non Crisis The chapter on Gull Island is particularly interesting.
Back in July 2008 Lindsay Williams (the author of the book) said oil would drop to $50/ bbl. He also said the U.S. economy will be imploded.
Listen to Lindsay himself:
Part 1
Part 2
Part 3
I suppose THIS too is a conspiracy theory!
Last time I checked oil was at $55/bbl. Gas down the street is under $1.80/gal.
Everyone should read: The Energy Non Crisis The chapter on Gull Island is particularly interesting.
Back in July 2008 Lindsay Williams (the author of the book) said oil would drop to $50/ bbl. He also said the U.S. economy will be imploded.
Listen to Lindsay himself:
Part 1
Part 2
Part 3
I suppose THIS too is a conspiracy theory!
Last time I checked oil was at $55/bbl. Gas down the street is under $1.80/gal.
Ordinarily, I'm not in favor of giving politicians hundreds of billions of dollars - waste, fraud and abuse tends to go hand in hand with that. But the US government already takes in about $2 trillion a year in taxes and other revenues and mis-spends much of it. What's another several hundred billion a year? Certainly they wouldn't spend it all on useful transit and other programs, but even if half of it found its way to infrastructure improvements, that would be worth it, IMO.
Higher fuel prices did cause consumption to decline. People didn't stop buying gas and diesel, but they bought less of it. In part, collapsing demand has fueled the price declines since July.
Sin taxes and other excise taxes are never intended to completely kill demand - the goal is usually to lessen demand and to extract lots of extra money from those who continue to partake.
WeAAsles is still smoking, but probably fewer packs a day than if smokes were a buck a pack. Higher prices tend to dampen demand.
And it's not just Hummers. It's all the soccer moms who drive one or two kids around in their Expeditions and Navigators and Escalades. It's solo commuters who think they need a Ford Explorer to get back and forth to work. And it's about people living far too many miles from where they work when there's no viable mass transit options. And with gas prices averaging about a buck a gallon from 1986-2002, why be the only chump on the block driving a fuel efficient econobox when everyone else had a gas guzzling performance car or monster pickup truck or luxury SUV?
And had gas been getting more expensive each year for the last 30 years, my guess is that people would have made far different decisions, many of which might have led to a smaller price run-up when the undeveloped world began demanding lots of oil in the past few years. Then again, maybe not.
T
The Goose
Guest
FYI re: smoking - go to your Dr. and get some Chantix. It really does work!
I've been quit for over a year and don't miss the damned things. The best part was I didn't really want to quit in the beginning. The downside was I got my allergies back.
Course of treatment is 4 months and you'll have some really cool dreams while taking them - not bad, just really cool. Better than some of the other stuff from the sixties.
