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The other day I saw a report indicating that the Saudis have now begun protecting their interests by increasing production, thus moderating the price of crude so as to keep alternative fuels out of reach. I don't recall exactly where I saw this, probably on PBS or a Sunday news show, but I did spot this article.
This is why I believe that crude must be taxed in order to maintain a minimum price that makes alternative fuels like biodiesel competitive. All of the taxes should go towards the development of alternative technologies. Otherwise, we likely will be caught in a game of cat and mouse, perhaps for decades.
From what I saw, three dollars a gallon was about the breaking point. At that price, biodiesel was five cents cheaper than petro diesel at a local station, and the same appeared to be true nationally.
The short version: We've got them on the run!
http://moneycentral.msn.com/content/P141076.asp... OPEC has also worried that high oil prices would spur the development of alternative energy resources, such as Canada's oil sands, and alternative energy technologies such as nuclear and solar. [continued]
This is why I believe that crude must be taxed in order to maintain a minimum price that makes alternative fuels like biodiesel competitive. All of the taxes should go towards the development of alternative technologies. Otherwise, we likely will be caught in a game of cat and mouse, perhaps for decades.
From what I saw, three dollars a gallon was about the breaking point. At that price, biodiesel was five cents cheaper than petro diesel at a local station, and the same appeared to be true nationally.
The short version: We've got them on the run!
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