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The price of the oil drums costs more than the price of oil per drum, although they are reused. A tax on oil will certainly be passed on to the consumer. If the
by eggy 11y ago
The price of the oil drums costs more than the price of oil per drum, although they are reused. A tax on oil will certainly be passed on to the consumer. If the end game is to discourage oil use, not to keep the planet clean, it still will not work. Look at the high price of tobacco even in the face of the risk to health issues. People will continue to use oil in the same quantities unless the price goes up by an order of magnitude. The government wins both ways: higher tax revenue, or they can claim they saved the planet.
- ams6110 11y agoYou do realize that wholesale oil is not literally packaged in individual drums? "Barrel" is a unit of measure.
- jedrek 11y agoExcept that smoking rates have dropped to one third of their 1965 levels. If this tax gets those kinds of results, I think the pro alternative energy community would be ecstatic