SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: XBrit who wrote (21887)9/26/2000 7:34:55 PM
From: Don Lloyd  Read Replies (1) of 436258
 
JuliusM and All -

"...High taxation on the use of oil is very sensible. Not only because of global warming, but because of its response to price changes. Over the long term, a high tax dampens demand and in the short term, the price swings suffered by the consumer are dampened down by the high tax.

If only 10% of the price of petrol is the cost of oil, then the oil price can triple while the price at the pump rises by only 20%. This is roughly what has happened over the past eighteen months. Politicians should be thanking the heavens that the tax is so high. Given the public's response to a 20% hike, the mind boggles at how they might have reacted if the price they paid for petrol had tripled...."

Does Europe's most exported economist (for cause) happen to be right about a 20% rise at the pump?

Thanks, Don
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News