We cannot drill our way out of this. We cannot, in other words, deal with shortages by increasing the supply. Presumably because it wouldn’t have an immediate effect? Well, then, there’s no point doing anything about global warming today or tomorrow, is there. Because it won’t forestall the inevitable day when we run out. Granted. So why eat today? You’ll be dead eventually. Because it won’t be enough in the end to depress prices enough. Yes, three-buck-a-gallon gas, five-buck-a-gallon: six of one, nine dozen of the other, especially if you’re being limo’d everywhere. Because we have oilmen in the White House boo hiss. Well: let’s look at who’s making out bandit-wise. According to this page, the profit in California on a gallon of gas is 51 cents – which includes, for some bizarre reason, “refinery costs.” Only government can make a chart that lumps costs into profits into the same wad. Total California taxes and fees: 52 cents. Add the Federal tax, and it’s 60 cents.That first paragraph was so good, we're going to repeat it right here...
Let’s go back to that “refinery costs and profits” part: the site defines it thus:
The costs associated with refining and terminal operations, crude oil processing, oxygenate additives, product shipment and storage, oil spill fees, depreciation, purchases of gasoline to cover refinery shortages, brand advertising, and profits.
If you’re lumping profit in with the costs associated with government mandates, like oxygenate additives, well – it’s almost as if they’re trying to separate profits from costs to make the former look bigger.
And there’s another category:
Distribution Costs, Marketing Costs, and Profits: The costs associated with the distribution from terminals to stations and retailing of gasoline, including but not limited to: franchise fees, and/or rents, wages, utilities, supplies, equipment maintenance, environmental fees, licenses, permitting fees, credit card fees, insurance, depreciation, advertising, and profit.
So I’m guessing the profit isn’t 51 cents. But whatever it is, it’s too much! I’ve heard some people yearn for a windfall profits tax that would reinvest the money in alternative energy, or rebate it back to the consumer. Fine. Apply that to your business. Here’s the acceptable profit level. You don’t get to make any more than that. If you do, the state will confiscate the property and divide it among your competitors, or give it back to your customers. Have a nice day. But oil is different. It’s necessary! So is food. Farmers are doing well. Let us therefore set the acceptable level for corn farmers, take away the excess profits, invest it new forms of sweeteners or biofuels farmers cannot yet produce, and give people rebates for Splenda to compensate for the price of high fructose corn syrup.
We cannot drill our way out of this. We cannot, in other words, deal with shortages by increasing the supply. Presumably because it wouldn’t have an immediate effect? Well, then, there’s no point doing anything about global warming today or tomorrow, is there. Because it won’t forestall the inevitable day when we run out. Granted. So why eat today? You’ll be dead eventually. Because it won’t be enough in the end to depress prices enough. Yes, three-buck-a-gallon gas, five-buck-a-gallon: six of one, nine dozen of the other, especially if you’re being limo’d everywhere. Because we have oilmen in the White House boo hiss. Well: let’s look at who’s making out bandit-wise. According to this page, the profit in California on a gallon of gas is 51 cents – which includes, for some bizarre reason, “refinery costs.” Only government can make a chart that lumps costs into profits into the same wad. Total California taxes and fees: 52 cents. Add the Federal tax, and it’s 60 cents.That paragraph alone answers most of the excuses being offered...
Read the whole screedy goodness...
