[quote][i]Originally posted by Wavedancer101[/i]
<br>Hi everyone,
Surely gas prices in the USA are on a constant rise, but compared to gas prices in Europe...
just a little Example:
Price per liter (Unleaded 95): 1,35 €, that makes about 5 € per gallon, which is about 6,50 $ at the current exchange rate.
[/quote]
Yes, it's still only 1/2 the price, but we're used to it being 1/4 of the price. We demand that it at least go back to 1/3 of the European price! [8D]
Seriously though, it's the first time the US administration has used the word "crisis": [:0]
http://www.cnn.com/2006/POLITICS/04/30/ ... index.html
It at least calls into question the extent of the multi-billion dollar tax breaks that the energy industry gets:
http://quote.bloomberg.com/apps/news?pi ... news_index
I can see Bush not wanting to monkey with the markets and impose windfall profits taxes on the oil companies, but why extend such broad tax breaks as well? These companies may actually be disincentivised to reinvest their profits when they can just get it from their sugar daddy government.
Of course this is overly simplistic - I'm not against very focused tax breaks that will require direct investment in specific areas of R&D for alternative fuels...but not for deeper drilling and everyday operations for chrissakes. Big oil should be in the same supply/demand/reinvestment boat as the rest of us.
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