May 23, 2008

A Bit of Perspective...

Via Malkin :Cartoon via Red Planet

The government is making a lot more off the gas than the gas companies.

Keep that in mind the next time some populist pinhead threatens to nationalize the petroleum industry.

(just sayin'.)

Given the need to transfer to alternate fuels because of well founded concerns about feeding jihadism petro dollars and the need to increase self sufficiency,  gas (or other carbon tax) is not something that I'm in principal opposed to....certainly less than other taxes.

The downside is that (as we are seeing now) gas prices have a sort of pachinko effect through the economy and expensive gas is just obnoxious.

A tax however is IMHO vastly preferable to the sort of byzantine cap and trade system favored by the greens which involve a sort of UN sponsored "indulgence" system and give tremendous power to governing bodies over the means of production....which has been the evil opposite of a good thing historically.

UPDATE:It should also be noted in passing that the price of oil has not risen in absolute terms quite as much as it seems from looking at its dollar price....The Dollar has actually gone down quite a bit in value. This is not to say that more rfineries or production would not help, but the Dollar is a big issue in and of itself.

Posted by: The Brickmuppet at 11:29 PM | No Comments | Add Comment
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