Excellent point. There will higher costs of renting an apartment, a hotel room, buying a car, furniture and groceries. Take an airplane flight and booking a hotel room. If the oil companies can't pass on the costs of the punitive tax onto consumers, the latter will pay more elsewhere. One way or another the bill is going to be paid by someone. There Ain't No Such Thing As A Free Lunch.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
NYMEX sweet crude is now 58.70 down .63, which is quite a bit higher than it left off Friday, but NYMEX is now running the Dec contract in its top slot rather than Nov which is retired.