Not just supply/demand.......it's Tax

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
api-ec.api.org...

What a mess. How did we ever let ourselves get "put over the barrel" with oil?--pun intended

You think thats bad, in Maui taxes for a tank of gas are over $18.00 per tank. Funny thing is, they don't even get their gas from the middle east.

It's very alarming at how fast the cost of gas is rising.

It's not just alrming on how fast prices rise, it's downright scary to think who profits from those high profits. The same people in charge of regulating it gain power and influence thru the money they collect from it. Not just 'robber-barron' CEO's but the politicians as well.

It's a great re-election sceme to "bring home the bacon" with road constuction projects funded by taxes on gas. Then you can demand that oil prices be brought back into check, meanwhile the tax component jacks the price way up. It's almost sickening, democrats and republicans, arguing over who gets the "big oil money". In truth they all use "big oil' for financial and political gain.

I thought I heard that In california, the powers that be are pissed that people are buying more fuel efficient vehicles, hence paying less in gas taxes. Now they want to tax you per mile you drive (via GPS).

Hey, the U.S. has some of the lowest gas taxes in the world. If the government needs more revenue, they can always raise them. Sure people will shout, but they've had it pretty good up to now.

-koji K.