Gasoline Prices. The Government will Fix the Problem
Dear All,
I have heard that gasoline prices are getting high. Haven't tanked up my Ford Behemoth lately, but the word is $3.00 per gallon. 90 bucks for a full tank of the FB-150? Now that ought to discourage consumption, at least in this neighborhood.
Our government has come up with at least three solutions:
1) Stop adding oil to the Strategic Petroleum Reserve (SPR). The US uses about 22 million barrels of oil a day and imports about 10 million of that. Over the past few months, Uncle Sam has been adding about 25,000 barrels per day (bpd) to the SPR. Oh this will help enormously. Sharpening our pencils, we compute: 25,000 bpd is about one tenth of one percent of our crude usage. (0.1163%). Moving on to plan B...
(2) The US Gummint will give everyone a handout of $100 cash to everybody who uses gasoline for purposes other than drinking or arson. Good. A full tank for my trusty steed plus a six pack. Oh, where will the government get the $100? Why they get it from taxes, or they borrow it from China or Japan, or they simply turn the crank on their printing press thereby making the dollars in your pocket worth less. It seems that the $100 will come out of the citizenry's pockets, since the government doesn't have any money. So the government is saying that they will help us to give ourselves $100. Are we idiots, are they idiots, are we in a space warp, or what?
(3) The Congress will remove the 18 cent tax on gasoline for 60 days. Same situation as item 2. Tax, borrow, or roll the presses.
When computing the cost of gasoline, one should add in the $1 per gallon (wild guess) that our government spends in trying to keep the Middle East from disintegrating or in helping it to disintegrate depending upon our mood du jour. So we are paying as much as $4 per gallon as a guess.
Wouldn't it be gratifying if our elected officials played it straight with the public once in awhile?
...Pqular
I have heard that gasoline prices are getting high. Haven't tanked up my Ford Behemoth lately, but the word is $3.00 per gallon. 90 bucks for a full tank of the FB-150? Now that ought to discourage consumption, at least in this neighborhood.
Our government has come up with at least three solutions:
1) Stop adding oil to the Strategic Petroleum Reserve (SPR). The US uses about 22 million barrels of oil a day and imports about 10 million of that. Over the past few months, Uncle Sam has been adding about 25,000 barrels per day (bpd) to the SPR. Oh this will help enormously. Sharpening our pencils, we compute: 25,000 bpd is about one tenth of one percent of our crude usage. (0.1163%). Moving on to plan B...
(2) The US Gummint will give everyone a handout of $100 cash to everybody who uses gasoline for purposes other than drinking or arson. Good. A full tank for my trusty steed plus a six pack. Oh, where will the government get the $100? Why they get it from taxes, or they borrow it from China or Japan, or they simply turn the crank on their printing press thereby making the dollars in your pocket worth less. It seems that the $100 will come out of the citizenry's pockets, since the government doesn't have any money. So the government is saying that they will help us to give ourselves $100. Are we idiots, are they idiots, are we in a space warp, or what?
(3) The Congress will remove the 18 cent tax on gasoline for 60 days. Same situation as item 2. Tax, borrow, or roll the presses.
When computing the cost of gasoline, one should add in the $1 per gallon (wild guess) that our government spends in trying to keep the Middle East from disintegrating or in helping it to disintegrate depending upon our mood du jour. So we are paying as much as $4 per gallon as a guess.
Wouldn't it be gratifying if our elected officials played it straight with the public once in awhile?
...Pqular
posted by alternate universe at 11:44 AM
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