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

[merrill]

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

 

[WillowTree]

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

what mode of transportation do ewe use? sunshine? or farts?

 

[imbalance]

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

I don't think that article could be more vague if it tried.

 

[merrill]

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?

 

[The Rabbi]

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?

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.

 

[merrill]

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

 

[merrill]

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?

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.

That thought is neither stated nor implied...

 

[merrill]

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

what mode of transportation do ewe use? sunshine? or farts?

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.

 

[OohPooPahDoo]

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

I thought almost all of our oil imports came from Canada.

 

[merrill]

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

I thought almost all of our oil imports came from Canada.

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?

 

[Baruch Menachem]

The math here is very weird.

they need to define what is a subsidy, for example. Too many lefty loons include normal depreciation and depletion as a subsidy, when it is normal business expense. US corporate income tax is done at the normal GATT level of profit, which means income-expenses.

They also include the whole budget of the defense department into the cost of gasoline. While it is true that we spend way to much of our time and effort in the mideast, that is not the whole of our military expense, and just adding the pentagon budget onto the price of oil is just plain dishonest.

there are huge costs incurred on the population that encourage oil use. Zoning laws in the US mean that if you live outside the central US city you are obliged to drive long distances, as your house will be miles from your job, which will be miles from your shopping. You live in rational neighborhood, you are able to bike to those places.

The cost of freeways is in no way reflected on use.

 

[OohPooPahDoo]

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?

Maybe because if we use everyone else's oil first then we'll be the last to have it?

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

Because the industry bought the government.

 

[OohPooPahDoo]

The math here is very weird.

they need to define what is a subsidy, for example. Too many lefty loons include normal depreciation and depletion as a subsidy, when it is normal business expense.

Can you name one?

 

[merrill]

The math here is very weird.

they need to define what is a subsidy, for example. Too many lefty loons include normal depreciation and depletion as a subsidy, when it is normal business expense. US corporate income tax is done at the normal GATT level of profit, which means income-expenses.

They also include the whole budget of the defense department into the cost of gasoline. While it is true that we spend way to much of our time and effort in the mideast, that is not the whole of our military expense, and just adding the pentagon budget onto the price of oil is just plain dishonest.

there are huge costs incurred on the population that encourage oil use. Zoning laws in the US mean that if you live outside the central US city you are obliged to drive long distances, as your house will be miles from your job, which will be miles from your shopping. You live in rational neighborhood, you are able to bike to those places.

The cost of freeways is in no way reflected on use.

Cars,roads and gasoline are high dollar budget items no question about it.

 

[merrill]

Think you're being gouged by Big Oil? U.S. troops in Iraq are paying almost as much as Americans back home, despite burning fuel at staggering rates in a war to stabilize a country known for its oil reserves.

Military units pay an average of $3.23 a gallon for gasoline, diesel and jet fuel, some $88 a day per service member in Iraq, according to an Associated Press review and interviews with defense officials. A penny or two increase in the price of fuel can add millions of dollars to U.S. costs.

Critics in Congress are fuming. The U.S., they say, is getting suckered as the cost of the war exceeds half a trillion dollars — $10.3 billion a month, according to the Congressional Research Service.

Some lawmakers say oil-rich allies in the Middle East should be doing more to subsidize fuel costs because of the stake they have in a secure Iraq. Others point to Iraq's own burgeoning surplus as crude oil prices top $100 a barrel.

Baghdad subsidies let Iraqis pay only about $1.36 a gallon.


Military feels fuel-cost gouge in Iraq - Dallas-Mavs.com Forums

 

[zzzz]

Ave cost of gas in US 1/2/2012 = $3.783 (per gallon)
Change form 1/2/2011 = +0.452 (per gallon)
Gasoline and Diesel Fuel Update

Crude imports Sept. 2011 (Thousand barrels per day)
CANADA 2,324
SAUDI ARABIA 1,465
MEXICO 1,099
VENEZUELA 759
NIGERIA 529
COLOMBIA 510
Crude Oil and Total Petroleum Imports Top 15 Countries

In the United States and Canada, the production gains generated by technological advances, such as the combination of hydraulic fracturing and horizontal drilling, can hardly be overstated. Very preliminary data indicate that U.S. crude production increased significantly in 2011. Those increases are expected to continue in 2012 and to spread to other countries. Meanwhile, in Brazil, production is also slated to increase as advances in deepwater drilling unlock the country's vast subsalt resources. All together, the Americas accounted for the majority of non-OPEC crude production growth in 2011, and are expected to continue dominating non-OPEC supply growth over the next few years. As a consequence, oil markets in the Americas are becoming increasingly integrated and self-sufficient. Canadian oil sands and U.S. supplies are displacing U.S. imports from Europe, West Africa and, until recently, the Middle East - a trend that may gain momentum once logistical links are put in place to bypass current crude transportation bottlenecks in the midcontinent. At the same time, product exports from the United States to expanding markets to the south are growing rapidly, as discussed below.

This quiet revolution in crude oil production is driving an even quieter one in the downstream. Seeking to leverage their access to rising volumes of discounted heavy Canadian crude, U.S. Midwest refiners have been investing in infrastructure to process more of those relatively low-quality barrels. Their counterparts on the Gulf Coast, having long enjoyed more feedstock flexibility than other refiners in the rest of the OECD, are expanding overall crude capacity. In contrast, East Coast refiners, which do not currently enjoy those feedstock advantages and face diminishing local product demand, have been trimming capacity. The result is that refined product trade flows are being redrawn. In 2011, the United States shifted to net product exporter status for the first time since at least 1949. The East Coast, however, appears likely to become more dependent on product imports.

This Week In Petroleum

 

[healthmyths]

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

1) Wrong on how much is spent by DoD..
Here are the FACTS
20% Defense Dept. NOT 30% Not Nearly 30%
43% Social Security/Medicare
FACTS OK??

 

[merrill]

As gas prices in America strain family budgets, it's worth considering the true cost of filling up at the pump.

The Center for Investigative Reporting has put together this animated video detailing the hidden costs of fuel.

It notes that a single driver creates 10,000 pounds of greenhouse gas pollution a year. It takes one acre of forest to absorb that pollution.

It takes a forest the size of California, Nevada and Arizona to absorb the pollution created by all U.S. drivers each year, according to the center.

Though a gallon of gas usually ranges between about $3 and $4 in America, that price does not include externalities, or hidden costs like emergency room visits, lost work days, missed school days and even death.

The video notes that external costs could run the price of gas up to as much as $1.7 trillion per year in the US. That's about $15 a gallon.


The True Cost Of Gas (VIDEO)

 

[merrill]

BTW the oil industry is a tax dollar moocher no question about it. With billions in profit there is no reason for subsidies no matter how they are presented.

I say the oil industry subscribe to the Free Market system = 100% on its' own
with zero assistance from we the taxpayers.

Down with this 24/7 guaranteed profit system by the taxpayers! Do the Free Market System!

 

[Mr. H.]

You are such a moronic idiot it's pathetic.
Spin your agenda how you like- it's still garbage.