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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: Seeker of Truth who wrote (58656)	12/6/2009 5:12:18 PM
From: energyplay	1 Recommendation Read Replies (1) of 217822

I don't know if we can say we want to avoid oil. Not much of a substitute as a transportation fuel. The end products, gasoline, diesel, jet A have all been taxed for a long time. Also crude oil production taxes have been around for a long time. A carbon tax of $5 a ton will affect $40 a ton coal. Barrell of oil 42 gal X 8 pounds per gallon. So about 6 barrells per short ton. The tax would be under $5/6 = $0.83 on a $70 barrel. (ignoring most of the hydrogen which could be >1/8 of the weight. Run the tax up to $30 a ton, that punishes coal and drives renewables to make electricty, but is only another $5 on $70 oil.

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