Whoa! I need some medical attention, because I am agreeing more and more with WTF. The Soviet Union is getting the band back together. Putin is KGB, and likely Stalin without a shirt.Exactly COG, the real cost of oil is much more than we actually pay. We should put a tax on it and give the proceeds to Defense spending. That way we could vote with our gas peddle as to how much we wanted to spend meddling in other countries affairs.
However, as much as I distrust Republicans (and Democrats) I think Ron Paul would quickly and decisively act if genuine American interests were being threatened. The wars we are fighting now are not against terrorism, they are to protect oil interests for the big oil companies. They are not worth American blood and treasure. What would happen if Middle East oil were cut off? Prices would skyrocket, so we would either have to develop our own oil resources, or find a 21st century fuel to run a 21st century society. The oil companies have a vested interest in keeping us dependent on archaic fuel.
We would be much more secure, and need a much smaller defense budget, if we developed a modern fuel system that didn't depend on oil. Originally Posted by CuteOldGuy
I will also say that there will be no embargo to speak of....they need our money as bad as we need their oil.
What do you think Americans would say about the real cost of gas?
The Actual Cost of Gaoline
April 5, 2011
America consumes roughly 145bn gallons of gas a year, so dividing aggregate costs into that number gives a per gallon cost. The $10-15 estimate includes known costs – nonlinear impacts like climate change are not included.
Current price: $3.45
Actual cost: $10.45 to $15.45
Known off-balance sheet costs
Security premium (military spending, $700bn – 1 Trillion): $4-6
Externalized pollution costs on human mortality ($345bn via Union of Concerned Scientists) : $2-3
Gov’t subsidies, traffic, accidents, free parking ($200-400bn via Center for Technology Assessment), etc: $1-3
Unknown off-balance sheet costs
Climate change
Additional unknowable risks (BP oil spill cleanup, health costs, etc)