[templar]

The solution is not to buy ethanol, it is to reduce taxes on gasoline to the same level levied against ethanol.

That just means paying more taxes elsewhere to make up for the loss and pay for roads and such.

[dirtboy]

That just means paying more taxes elsewhere to make up for the loss and pay for roads and such.

Or we could try the radical concept of eliminating stupid spending that government shouldn't be doing so that our tax dollars go for something useful, such as roads.

[WOSG]

"The solution is not to buy ethanol, it is to reduce taxes on gasoline to the same level levied against ethanol."

"That just means paying more taxes elsewhere to make up for the loss and pay for roads and such."

I know you didnt mean it this way, but the "paying more taxes elsewhere" is right, in the sense that we pay the OPEC tax.

OPEC is an unusual cartel - it's the worlds' only economic cartel that is a cartel of Governments. What the govts in effect do with their royalty methods of skimming oil profits is to TAX OIL PRODUCTION. Well, we should shift that money from going to Saudi pockets to going to American pockets.

Here's how: We should have higher gas taxes and have an oil import fee. Why? Because right now the money goes to OPEC, but if we tax on top, the price will go up, which will pinch demand, which will rebalance OPEC to force them to cut the price. In effect, we could increase the share of the cost that goes to our Government. Now this will affect marginal demand and supply, but if we were smart, we'd go to OPEC and basically tell them "Keep your prices low or we are going to tax oil use away".