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Edited on Fri Sep-19-08 03:07 PM by ThomWV
Simple proposition. Let's tax (not a tariff) ever drop of oil that comes off any and all tankers at the rate of one half of one percent of its 'street' value on the day its unloaded. Take the money that comes in from it and devote it to research, to be performed by Universities only with severe limitations on subcontracting if you like, in developing more efficient means of producing renewable energy and to the development of efficient energy storage.
How's that sound.
Let's see, we consume a little over 20 million barrels per day I and believe we import about 65% of that, so there's 13 million barrels a day coming in that currently sells for $100 per barrel, so that's 13,000,000 x $100 = $1,300,000,000 for the tax base and if my arithmetic is correct that will come out to $6.5 million dollars a day. Stack that up for a couple of weeks and you can begin to fund some serious research projects.
On Edit: to avoid tarrif issues with treaties we have in place simply tax all oil as it enters the refineries.
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