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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Goldenboy219 View Post
    Econ 101? Not sure it goes that.... errr far.

    But in all seriousness, increasing the cost of gasoline via pigouvian taxation will force various substitutes to come to market. Electric cars, bio-diesel, and a greater demand for public transportation are just a few.

    Increases in viable substitutes can be a deterant for exhaust emissions that cause respiratory sickness and poor air quality. Less of a dependence on fossil fuels will undoubtedly reduce such occurrences.

    Bright Automotive Tesla Motors OM Group just to name a few. Tesla made me quite a bit of money recently
    Taxes will not do that. They will burden the poor and middle class and cause the cost of every product to increase

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    First part of your post is the normally expected thing, make the customer pay the added costs. Any company that tries to absorb such costs better have a lot of cash on hand.
    Cash strapped customers, tho, is a different issue. They will just have to do without some non-essentials....


    Thats right raise taxes and screw the people. That should help Obamma and the democrats get elected.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Taxes will not do that. They will burden the poor and middle class and cause the cost of every product to increase
    You have not considered (much less identified) substitutes. Tell me you have more faith in American ingenuity!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Goldenboy219 View Post
    The market has decided, haven't you got the memo? Once gasoline eclipses $4, the chatter will begin once again.
    Bring it on. I already pay $3.50 a gallon for ethanol free gas

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Goldenboy219 View Post
    You have not considered (much less identified) substitutes. Tell me you have more faith in American ingenuity!
    You mean like ethanol that is bad for motors, lowers MPG and makes a engine run less efficient and lowers perfomance?

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Bring it on. I already pay $3.50 a gallon for ethanol free gas
    Do you deny that higher fuel costs make alternatives (substitution) more viable?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Goldenboy219 View Post
    Do you deny that higher fuel costs make alternatives (substitution) more viable?
    How so. Alternatives are not cost effective and will not be cheaper. Electric cars and hybrids aren't a big selling item so what else will be.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    You mean like ethanol that is bad for motors, lowers MPG and makes a engine run less efficient and lowers perfomance?
    Why even bother responding? Ethonal, as it is, cannot be a viable alternative (which is why i did not highlight Archer Daniels Midland in my list of 3). Care to respond to my posts instead of making up things to respond to....?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Electric cars and hybrids aren't a big selling item so what else will be.
    Source? Ten Chars
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Goldenboy219 View Post
    Why even bother responding? Ethonal, as it is, cannot be a viable alternative (which is why i did not highlight Archer Daniels Midland in my list of 3). Care to respond to my posts instead of making up things to respond to....?
    What alternative is there that will be cheaper? I don't care I will pay the price to run ethanol free. I am not giving anything up and what will my boss run in my big truck that will save him money and not hurt his truck?

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