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To: Willie Green

Just like taxes on corporation, regulations, fees, fines, are passed on to consumers. A hundred billion dollar cost will add, around, 20 cents to a gallon of gas for a year, if the costs were all born domestically, which they are not since they are insurance costs for the industry world wide. Just like home owners in New England pay for, some, Florida hurricane damage. So, figure something like a penny a gallon increase for ten years, world wide.


13 posted on 07/09/2010 1:41:56 PM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: Leisler

No doubt bankruptcy and federal takeover of the oil companies is next on the Marxist agenda. Then all of those dirty profits can go directly to the federal treasury just like it does in Venezuela and Mexico. Plus many of those management jobs can be doled out to deserving politicians and academics. A few years from now the productivity of the state controlled petroleum industry will be significantly below today’s level resulting in shortages and calls for mandatory conservation. Rationing coupons can then be distributed by the government in a “fair” manner. Finally, when the next big spill occurs under government ownership, no doubt there will be no money for cleanup or compensation of the “victims”. We’ll need new taxes to pay for those costs.


15 posted on 07/09/2010 2:21:01 PM PDT by Soul of the South (When times are tough the tough get going.)
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