Illusional Delusion

Can We Please Do Something About Rising Oil Prices?

Well, I think it is more effective to tax gas in the long run. Get people accustomed to expensive gas so people plan their trips etc and hence less fuel wastage. In my case, I think the tax acts as a wedge upwards where it makes people aware that fuel prices will not be cheap forever.

I'm definitely ok with taxing gas guzzlers but I think that would miss the point for the most social benefit.


On May 07 06:17 AM Freya wrote:

> Jim: I want to raise taxes on Gas Guzzlers and I don't oppose CNG
> cars Like some knowitall people that try to push a system onto everyone.
> The States, like Oklahoma, that have a lot of NG are pushing it,
> The states like Illinois, where Obama is from, oppose it. It won't
> work in the Big cities ( no place to store it)
>
> I want everything done. While I believe in the Long Run, EVs will
> win. In the Short run, doing everything will put people to work.
>
>
> Everyone has an agenda, its the zealots who want only their agenda.
>
>
>
>

Gold's Net Longs and Gold / Oil Ratio

gold, imo, is indeed the most stable currency. but the problem with any investment right now is the widespread fear and instability as to whether the unrealistic stimuli will work like it is hoped to be. who will honor the value of gold if there is not trust whatsoever in doing business?

Oil Stocks: Where Can You Find Black Gold?

With the explosion of information and no lack of exaggeration, I think a lot of these supply-demand issues are overstated. Oil, as with nat gas and nuclear are the most common techs for energy now, and I believe it will be so for the foreseeable future unless there is a great breakthrough in using renewable energy at a cheap cost.

I believe that all you need to do is look outside your window to see why. Green tech has not come at a cheap price and unaffordable on the grand scale, so demand for oil will not go away unless green tech becomes cheap. So far, they thrive only on government funding.

Also, its logical to deduce that oil supply will fall in the long run, since there is always a bottom call zero, so OPEC can control the price whenever, whatever playing on this. The only thing is where is that zero and how much oil is left under their feet. The harder people search for it, the more we find, yes, but that will also increase the price of extracting it. Cheap oil? Unless it starts raining oil, I think it is impossible without outright manipulation. Oil is cheap at its current going rate due to demand destruction. Nothing less.

The Good, The Bad, And the Inaccurate Oil Forecasts

I just started a position in oil (UCO) and I would expect it to be pretty stable at this point. The downside like some mentioned above is present but less than the upside possibility. With the need to stimulate the global economy as a whole, I don't think the downside is really important at all.

If the wall street analysts are just using models to chart numbers by plotting lines, I think college students can give an equally capable number. The use of models without science is just ridiculous with the amount of money they make to make insightless recommendations.

Greg Mankiw: Swap the Payroll Tax for a Gas Tax

I would agree with Mankiw and some other comments posted here. Luxury spending is the most obvious difference among the different salary groups and taxing oil will mean that those who spend more, driving or shopping, will be taxed more.

The only drawback, ignoring the fact the infra is built around cheap oil, is that this will reduce consumer spending, but I don't think that will be a big issue, thinking that cheap credit has made people spend too much already. Also, the most direct way to reduce the dependence of oil is to remove its advantage, its cheap price. That in turn will divert attention to building better infra where public transport will play a bigger role in the country.