[Rumplemeyer]

US uses about 7 million barrels a year. The old math tells me that’s a 70 billion dollar tax increase each and every year.

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Try that again. Do you mean million a day?
Because 7,000,000 x 10 = 70,000,000.

[jwalsh07]

Thanks my bad. We consume 7 billion barrels of petroleum products per year. Bottom line at $10/barrel is the $70billion/year additional taxes.