Added cost of $215.4 billion = 57 cents per gallon more above gas pump price hmmmmm

Discussion in 'Politics' started by merrill, Jan 8, 2012.

  1. merrill
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    merrill VIP Member

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    The United States uses approximately 390 million gallons of
    gasoline every day,a large proportion of which comes from
    imported oil.

    While the price fluctuates, the average price of
    gasoline is about $2.65 per gallon.

    There is an additional hidden cost to our gasoline –
    something that isn’t included in the price at the pump.

    The added cost is the $215.4 billion each year that the
    U.S. military spends of our tax dollars to secure access
    to imported energy.

    This means, in addition to the $2.65/gallon
    price of gasoline, we pay an extra $0.57
    for each of the 142 billion gallons of
    gasoline we use every year.

    $215.4 billion represents nearly 30% of the federal defense
    budget just to gain access to foreign energy. This is one
    year’s worth of troops, weaponry, and most of the Iraq
    war funded by taxpayer dollars.

    What if that money instead paid for What if that money instead paid for What if
    renewable energy technology and
    jobs here at home?

    National Priorities Project
     
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  2. WillowTree
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    WillowTree Diamond Member

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    what mode of transportation do ewe use? sunshine? or farts?
     
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  3. imbalance
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    imbalance Silver Member

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    I don't think that article could be more vague if it tried.
     
  4. merrill
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    merrill VIP Member

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    According to the National Defense Council Foundation, the economic penalties of America's oil dependence total $297.2 to $304.9 billion annually. If reflected at the gasoline pump, these “hidden costs” would raise the price of a gallon of gasoline to over $5.28. A fill-up would be over $105.

    The Real Cost of Oil: How much are we paying for a gallon of gas?
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    You realize you've just contradicted yourself from your first post, right?
    Either the "extra cost" is already included or it isn't. It can't be both.
     
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  6. merrill
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    merrill VIP Member

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    So you think you're getting a good deal on a tank of gasoline these days? You wouldn't think so if all the oil industry tax subsidies received from the federal and state governments and other costs that went into producing that gallon of gasoline were included in the pump price.

    Such external costs push the true price of gasoline as high as $15.14 a gallon, according to a new report released by the International Centre for Technology Assessment.

    "In reality, the external costs of using our cars are much higher than we may realize," the Washington-based research group said in its report.

    Publisher's note -- for a deeper look at this, see Clifford W. Cobb's article here.

    The report examined more than 40 separate cost factors, the group said, that are associated with gasoline production but aren't reflected by the price of gasoline at the pump.

    These external costs total up to $1.69 trillion per year, according to the report.

    The group points out that the federal government provides the oil industry with tax breaks and massive corporate welfare handouts, so gasoline is artificially cheap for American consumers.

    The Department of Energy is forecasting that the national price for regular unleaded gasoline will average $1.02 during the current quarter, which, when adjusted for inflation, is the lowest price on record for any three-month period.

    Artificial, anti-free-market subsidies don't end at the federal level, as the group said most state income taxes are in turn based on oil firms' lower federal tax bills, which result in companies paying $123 million to $323 million less in state taxes.

    In addition to tax breaks, the federal government provides up to $114.6 billion to the wealthy industry in giveaways and subsidies annually that support the extraction, production and use of petroleum, such as research and development and export financing.

    The federal government also spends up to $1.6 billion yearly on regulatory oversight, pollution cleanup and liability costs connected to the oil industry, the group said.

    In addition, U.S. military spending allocated to guard the world's petroleum resources totals $55 billion to $96 billion a year, according to the group.


    True Cost of Gasoline artificial subsidies
     
  7. merrill
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    merrill VIP Member

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    That thought is neither stated nor implied...
     
  8. merrill
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    merrill VIP Member

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    Think commuter train,bus service,taxi etc etc aka public transportation. Then there is also feet and bicycles.

    As for you probably farts would be a good choice. Not only is that a renewable source bean farmers could likely use the new sales.
     
  9. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    I thought almost all of our oil imports came from Canada.
     
  10. merrill
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    merrill VIP Member

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    That's what we are led to believe yet it is still an import. Why is the USA not using current sources of USA oil?

    Why is the USA spending billions to protect USA oil industry investments in foreign oil?
     

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