[gunnyg]

OBAMA Oil sets $7 a gallon gas price target
MensNewsDaily.com ^ | March 3, 2010 | Roger F. Gay

Posted on Wednesday, March 03, 2010 8:33:00 AM by RogerFGay

To meet the Obama administration’s targets for increasing fuel taxes, researchers say that Americans will have to pay $7 for a gallon of gasoline; about 17 percent more than drivers in green-conscious and generally highly taxed Sweden.

In their study, researchers at Harvard’s Belfer Center for Science and International Affairs devised several combinations of tax increases to address 70 percent of the oil used in the United States. The combinations were selected to match fuel consumption reduction targets. Most of their models assumed an economy-wide carbon dioxide tax starting at $30 a ton in 2010 and escalating to $60 a ton in 2030. In some cases researchers also factored in tax credits for electric and hybrid vehicles, taxes on fuel or both.

Fuel Taxes Must Rise, Harvard Researchers Say

[PapaNew]

Wow, the law of supply and demand. Economics 101. I think as a remedial measure, all government and potential government people should be required to take at least Econ 101 and 102 and listen to at least 20 hours of Milton Friedman. :)

[wideminded]

That was the 14th of July, 2008 when President George W. Bush wisely lifted the moratorium on oil drilling, thus sparking the precipitous drop in the price of gasoline from an average high of $4.12 per gallon to a cellar dwelling low of $1.60 by November of that year.

As you can see on your graph, the price of gasoline was up near $3.80 in September when the really precipitous drop began, caused by the international financial crisis.

[epithermal]

IER Analysis: Oil and Gas Production Declines on Federal Lands in FY2011

[W. W. SMITH]

There are those within this nation who cannot abide a wealthy America. They will forever maneuver events so that our wealth is spent buying what we could provide easily from our own resources.

A wealthy and productive nation never chooses poverty and slavery. They do not desire a despotic ruler.

Communism can only be born in the midst of poverty and misery.

And now you know the rest of the story!

[LibLieSlayer]

IF bush and his cronies had done what they should have done and IF bush were not the progressive that his daddy is... had he and the republican elite done what should have been done when they had majority control... obama would never have been elected and there would be no American Energy Crisis.

LLS

[Qwackertoo]

wasn’t the lady from FL who said in ‘08 Obama was going to fill her gas tank and pay her mortgage/rent? Too many of those folks around that truly will believe it.

We have a hard, uphill battle.

Go Newt!!!!