GREY:LSTMF - Post by User
Comment by
daniel004on Feb 09, 2016 6:20pm
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Post# 24541728
RE:OIL PRICE
RE:OIL PRICEjack20 wrote: Obama's $10 tax on oil is as dumb as it gets. Like kicking a man when he is down. Here is what he should have proposed: A $25 tax on all non NAFTA imported oil, with all proceeds going into a fund solely for infrastructure. Even the thought of such a tax will force OPEC's hand. Think of it. If WTI was $40 OPEC/Russia would have to sell into our market at $15! Think of it another way. Thousands of U.S./Canadian oil workers are being laid off while oil workers in SA,Iraq,Iran, and Lybia are working around the clock. OPEC screwed the world at $90-100 oil, and now their avolved intention is to put us out of business, and at $30 they will. I am a free trader but we are not looking at free trade, we are looking at preditory pricing. If Mr. Trump thinks his 45% tax on Chinese imports is a good idea he should love a import tax on OPEC!! As I type this a friend of mine is proposing it to the Senate Majority leader. Anyone have a better short run solution or should we let all the small oil companies go out of business with more jobs lost and billions of invested $$ lost. I think it is time for action!
He's a lame duck president and is fully aware his tax idea will go nowhere. No offence, but your idea is pretty unrealistic too.
If all these governments really want to make a difference in emissions, they should be targeting the coal industry and the thousands of coal fired power plants and converting them to cleaner natural gas.