posted on May, 6 2005 @ 02:24 PM
Ever stop to think how much tax you pay when you fill up your car? What happens if there is a major reduction in oil consumption........major tax
revenue problem for the government.
FACT- Federal, State, and Local Transportation taxes alone average 42 cents a gallon. At $2.00 a gallon thats over 20 percent.
FACT- By the time a gallon of gas comes outta the pump into your car you have paid for litterally dozens of taxes. The Oil companies collect the money
they pay in various income, environmental, transportation, storage, waste, payrole, property, production taxes directly from...........YOU!!!!
Current policy in the U.S. and other countries is to offer huge tax incentives to companies producing "alternative" energy. What happens if we make
a major shift away from Oil? Where does all that tax revenue end up coming from if not from Oil?
The economics of PEAK OIL go a heck of alot farther than what it costs to get a barrel of oil out of the ground. You've got the Oil companies and
their stockholders, the politicians, the environmental groups, the foriegn govts. all with their hands in YOUR pocket.
If we ran out of oil tomorrow, do you think that all those people with their hands in your pocket are gonna bankrupt? Nope. Their gonna find a way to
collect that tax, that profit, that fee. But you'll be stuck riding a bike to work to pay for it.
Link to a site about oil taxes
What a mess. How did we ever let ourselves get "put over the barrel" with oil?--pun intended