Quote:
Originally Posted by sailpower
I find it amusing that those who consider x profit per gallon to be excessive but see a similar amount collected in taxes to be quite reasonable.
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I haven't met many who've said that. Usually I find the reverse opinion: oil companies are paragons of efficient free enterprise while the
government is just the greedy tax-taker.
In North America, we pay too little for fossil fuels. The
price charged and the taxes collected are still insufficient to cover the full life-cycle cost of finding, extracting, refining and using them, especially the clean-up part.
I know why this is: our economies are basically sputtering along, and it's only
cheap energy that helps maintain the illusion that they are doing better than they really are. Therefore, we gonna keep drilling and pumping and burning, and providing subsidies and tax breaks to do so, until there's some new economic glimmer of hope, like the next dot-com or similar.