Quote:
Originally Posted by onegammyleg
Yuze all should still be happy , Ime still paying $5.87 a gallon.
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Yes, I know. On the other hand, much of our non-gasoline taxes are used to subsidize the oil industry; some directly and some less directly. We directly give them about $15B for drilling incentives. We waive their royalty fees. We spend hundreds of billions (and many young lives) protecting their worldwide infrastructure. Iraq is what, $2B/day? It all adds up and we pay for it all. There was a
study done in 1998 when gas was $2/g that put the real price at between $6/g and $15/g. Imagine how much this has gotten worse in the last 8 years.
That cheesy little $2.19/g we pay is such a small part of the picture and it's that way by design. Is it any wonder we squander as much oil per capita as we do here in the good ole USA?