On Thu, 01 Sep 2005 15:50:02 -0400, Bob Tom <tigers@bserv.com> wrote:
> True, a depleting resource. But I just heard that there's
> more reserve oil sitting under the shale layer in the U.S.
> (Colorado, etc. ?) than Saudi Arabia's reserves.
>
> Not to add flame to the fuel :-), but no one has mentioned
> the taxes included in the price of gasoline. In Canada,
> about 38% of a price per liter goes to the feds, including
> a surtax for deficit reduction. Only problem is our Lib.
> federal gov't has been running a surplus for 9 straight years
> and constantly brags about it.
>
> In addition, in Ontario, the provincial gov't takes 14.7 cents
> from the price of each liter of gas. Put that together with
> the Feds portion and 50% of the price is for taxes.
>
> Yesterday, our "esteemed" premier called on the feds
> to lower their percentage of gas taxes but when asked
> if he would lower the 14.7 cents per liter he said that he would
> not because it goes toward a needed and valuable expenditure,
> road construction and upkeep! Our roads still rank up there
> with Detroit's :-P
>
> Venting over. Time to get some gas for this weekend's races :-[
There are alot of alternative sources of fossil fules here in the states
like the ones you have mentioned. Extracting the oil from those places
hasn't been economical until about now. I heard some companies are looking
into tapping into these sources. Some types of coal can be made into oil,
but the price of crude oil needs to be high enough to justify the cost.
The US is the Saudia Arabia of coal.
As far as taxes, compared to most other places in the world, the tax on
our gasoline is quite low.
-- -Droo
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