BenzofBend - 9/2/2005 5:52 PM
And that's why I love America!!!
If but nothing else, I pay less taxes for cigars, booze, and fuel. The three things sure to put a grin on my face.
Do the math... Subtract the amount we pay for fuel taxes and you will find that most of the EU pays less per gallon for fuel than we do, and have much more stable prices. The wholesale market speculation on fuel prices here drives the actual street prices up as much as the oil companies do.
Now a question because I have do not know the solution.
The SPR has been opened to help with the supply side in an effort to hold down the price of crude oil. The news of this has already had a positive effect with prices dropping although to the best of my knowlege no oil is actually flowing out of the SPR yet.
In the past the crude stored in the SPR was purchased on the spot market when prices were low to help keep prices up and the oil was paid for with our tax dollars. The basic concept is that the crude oil is paid for by the taxpayers and held in trust for us by the government until its needed.
So now here are the questions:
When there is a release of oil from the SPR is there a money trail?
Do the oil companies charge the government for the cost of moving the oil to the refinery?
Is the government getting paid anything at all for the oil or is it just being given away?
Remember that crude oil was paid for with our taxes. The government should be getting paid at least market value for the crude otherwise we are just giving the oil companies the crude oil that we paid for so they can charge us again just to buy it back.
Potato Chip, custom canuter valve, low-friction muffler bearings, synthetic turn signal fluid, Hi-Definition Progressive Scan Wiper Blades.
Law-makers are supposed to regulate in the interest of the public as opposed to regulating in the interest of the regulated party.
If it says Pratt and Whitney on the outside it better say Martin Baker on the inside.