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A Michigan congressman wants to put a 50-cent tax on every gallon of gasoline to try to cut back on Americans' consumption.
Polls show that a majority of Americans support policies that would reduce greenhouse gases. But when it comes to paying for it, it's a different story.
Rep. John Dingell, D-Mich., wants to help cut consumption with a gas tax but some don't agree with the idea, according to a new poll by the National Center for Public Policy Research.
A Michigan congressman ( Democrat John Dingell) wants to put a 50-cent tax on every gallon of gasoline to try to cut back on Americans’ consumption.
Barack Obama said Democratic rival Hillary Rodham Clinton and Republican John McCain are pandering to voters by advocating a summer suspension of gasoline taxes. They're just doing it "to get them through an election," he said.
Campaigning in Indianapolis, Clinton said lifting gas taxes "might not mean much to my opponent, but I think it means a lot to people who are struggling here."
RICHMOND, April 29 -- Gov. Timothy M. Kaine (D) said Tuesday that he would consider backing an increase in Virginia's 17.5 cent-a-gallon gasoline tax, despite the record price of fuel at the pump.
Today, the combined burden of federal, state and local gas taxes costs American drivers an average of 45.9 cents on every gallon purchased... In some states the combined taxes exceed 60 cents for every gallon purchased. In these times of concern over high gas prices, American consumers should remember that gasoline taxes have a significant impact on the amount they spend at the pump.
Even so, our oil won't last for ever. At the moment, the world uses about 26,000,000,000 barrels every year. At this rate, there should be enough oil for at least another 40 years.
It is likely that more oil will be discovered in that time.
Oil companies are always searching for new oil fields and there are still lots more deep sea areas to explore.
Will the world ever physically run out of crude oil? No, but only because it will eventually become very expensive in absence of lower-cost alternatives.
In any event, the world production peak for conventionally reservoired crude is unlikely to be "right around the corner" as so many other estimators have been predicting. Our analysis shows that it will be closer to the middle of the 21st century than to its beginning.
humanity has only been mass-consuming oil for around 60 years,
The most important oil well ever drilled was in the middle of quiet farm country in northwestern Pennsylvania in 1859. For this was one of the first successful oil wells that was drilled for the sole purpose of finding oil. Known as the Drake Well, after "Colonel" Edwin Drake, the man responsible for the well, it began an international search for petroleum, and in many ways eventually changed the way we live.
In the early 1850's, George Bissell, a New York lawyer, conceived a plan to try and produce this oil commercially.
Consider this - Pennsylvania was responsible for 1/2 of the WORLD'S production of oil until the East Texas oil boom of 1901.
Daniel Yergin's Cambridge Energy Research Associates (CERA) disagrees. Its analysis finds that "the remaining global oil resource base is actually 3.74 trillion barrels - three times as large as the (claimed) 1.2 trillion barrels by (peak oil) proponents." CERA argues further that peak oil reasoning is faulty and, "if accepted, (may) distort critical policy and investment decisions and cloud the debate over the energy future." It states as well that the "global resource base of conventional and unconventional oils....is 4.82 trillion barrels and likely to grow" and bases its analysis on fields now in production and those "yet-to-be produced or discovered."
Its chairman, Daniel Yergin, noted that: "This is the fifth time that the world is said to be running out of oil. Each time....technology and the opening of new frontier areas has banished the specter of decline. There's no reason to think that technology is finished this time."
Originally posted by semperfortis
reply to post by drwizardphd
Consider this - Pennsylvania was responsible for 1/2 of the WORLD'S production of oil until the East Texas oil boom of 1901.