Taxes on fossil fuel might help pay for the greater environmental damage compared to hydro, or maybe all the health problems when part of it ends up in your lungs or your drinking water, lots of reasons.
Taxes on fossil fuel might help pay for the greater environmental damage compared to hydro, or maybe all the health problems when part of it ends up in your lungs or your drinking water, lots of reasons.
The tax has high been there for years. "Revenues from Europe's high gas taxes are used to fund a variety of things. One thing they have built is better public transportation, said Peter Tertzakian, chief energy economist at ARC Financial, a Calgary-based private equity firm.
They gave people an alternative to driving, something we don't have in North America," said Tertzakian."
Bottom line they try to discourage use of fuel because most of the European countries have no resources.
Your implication that it was subsidized is just wrong.
https://money.cnn.com/2008/05/01/news/international/usgas_price/
Tesla stock is around $700 per share, boys!
Green energy with fires and power outages and pandemics, will be the preferred energy.
Again, using your example, we’re subsidizing individual use in a private car (lots of pollution, only one person being transported) compared to mass transit in Europe. Additionally, the mass transit might be electrified instead of internal combustion (the most polluting).
I don't know why you bother replying. He is so messed up that if you agreed with him he would counter that you are wrong. He writes well for someone where it is obvious that English is a second language.
Co-Flounder wrote:
Green energy is very expensive and requires government subsidies.
It’s also not as green as you have been led to believe. The sun doesn’t shine every where all the time. And when it doesn’t then you needed to have stored excess energy in batteries which are not green or cheap. Or you need some other type of spinning reserve.
The cheapest energy source always wins.
Green requires subsidies, and how are these subsidies different from the bailouts many US automobile manufacturers receive almost annually now?
It’s not as green as we have been led to believe? Is it cleaner than oil production? That’s all that matters.
Hi Co-Flounder,
Unlike many issues, subsidies for oil are subtle & varied. It would be hard to tell if anyone is trolling here, since most people haven’t really thought about it. Big Oil accepts this situation lol.
I’m happy to discuss it at length for this reason.
Meanwhile current US prices bottomed out at $11 this morning before rebounding later. Euro oil hit a 21-year low of $15.
Colossal stupidity related this situation: continued military presence and brinksmanship in the Persian Gulf. What the fvck for??! Protecting Saudi? Doing Israel's bidding by starting a war with Iran??! As someone else said above, poor choice of allies. Poor choice of president, too.
Trump on his daily tv show/press conference a few days ago stated he has been talking to O.P.E.C., Saudi Arabia, specifically and Russia about reducing oil extraction. I do not believe there is much to story of RSA/RUS market share war. No one knew several months ago of pending pandemic. This is a demand issue.
Why would Russia/Putin care what Trump wants? U.S. still has sanctions on Russia going back to Russia invading Ukraine.
Oil futures are Canary in Coal Mine. U.S. equities are climbing as if oil is yesterday's fuel. Jet planes still fly on oil based fuel. Semi-trucks still cross U.S. on oil based fuel. Are those who trade oil futures smarter than those who buy U.S. equities? Of course! Over half of the U.S. are involved in U.S. equity markets. Most are not actually shareholders. Most people involved in U.S. equity markets are participants in mutual funds and retirement plans at work. All it takes is enough Fox News watching viewers with a 401-K plan at work to choose mid-cap and large cap as investment choices. When that occurs, mutual fund managers are compelled to buy mid-cap and large cap equities. It is not easy for small investors to spot trade oil or trade oil on futures markets, so small time folks watching Fox News cannot make bad oil trading decisions. Either oil markets rebound soon or U.S. equity markets will collapse. We are not going to have oil trade at less than $15 per barrel and U.S. equities going through the roof forever. We have had cheap oil for a year or two with rising U.S. equities. Eventually, either the oil goes up or the equities go down.
Trump’s an idiot. He couldn’t get sanctions lifted on Russia & he can’t help them on oil without a war, maybe not even then. Demand can’t rise until the pandemic is addressed, and trump is trying to screw that up as well.
19 supertankers en route from Saudi Arabia. It’s not clear if they will be allowed in USA ports, or if there is any place to store such cargoes, or any buyers for them.