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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (229830)4/19/2005 2:18:37 PM
From: tejek  Read Replies (1) of 1573439
 
Why do we have the lowest taxes of any developed country on gasoline? Are we currently subsidizing consumption, compared with the rest of the world?

No. Lower taxes than some other country, or even than every other country does not equal a subsidy.


That's right its not a subsidy. Instead, we are keeping gas prices low to encourage consumption when its very clear that oil is a finite commodity and where the finding of new reserves has become rarer than a yellow diamond. Meanwhile, the US's energy policy flails around with no clear cut alternative fuel program, weak intra city mass transit systems and few and feeble attempts to wean us off cars.

It may well be that the perfect storm in energy is brewing and we are about to get smacked very hard.

ted
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