[thackney]

The tax would create a “floor” price, say $90 per barrel.

Please, no addition Governmental manipulations of the market.

They only real way for government to help industry is quit trying to manipulate it.

No new taxes, no new regulations. Thinking the government is going to help US industry with additional taxes is crazy.

They would distort the market and make it cheaper to import gasoline than crude oil.

[pfony1]

I agree with you to a point.

The Saudis have the ability to bankrupt their competition (our oil producers) in the short run with predatory pricies — which will enable them to MAXIMIZE their profits in the long run.

So the market is already distorted.

My “solution” may not be the best answer — but it would take a harmful weapon out of the Saudis’ hands.

I agree that “our” clowns in Washington could not be trusted to handle such a program with any competence.