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The logical thing to do is lay a import tax of $1 a gallon on imported gasoline. This would 1)reduce the use of gas through market forces,2)make overseas monoplolists build refineries in the US and 3)
force cude oil to the US(again through market forces) for the refineries. Also it might 4)pay off some of our national debt.
Greenspan urges alternative energy, fears economic harm
WASHINGTON -- Rising energy prices are pushing up inflation and increasingly threatening the U.S. economy, former Federal Reserve Chairman Alan Greenspan testified Wednesday.
Full Story: Centre Daily Times
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I think building biofuel refineries is a better idea.
Everything can be turned into man made oil and then blended with existing diesel. Peanut oil is good and renewable. |
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