Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (78702)	6/23/2010 11:22:33 PM
From: tejek	Respond to of 149317

Since there's a finite supply of fossil fuels, we're going to see prices moving up over time anyway. So it's sort of a self-correcting problem. But if we gradually increased the tax on oil until gasoline is $10/gal, what would be the real benefit? What is the advantage to us to do that to ourselves unilaterally? Hillary and McCain sure weren't happy about $4/gal in 2008. Thanks to oil we have a huge trade imbalance. Nearly net a half trillion is leaving this country every year. That worries me more than the deficit. IMO getting off an oil dependency is a worthy national goal for a number of reasons. I think its time.