phrankin is right that it's nothing to celebrate though

If you and an American both consume the same amount of oil, and the cost of crude oil goes up by $x, then you both have the same hit to your standard of living. Whether or not you pay more tax on top of the crude price.

Irrelevant that the % increase in post-tax prices here may be smaller.

Posted By: Tricky Hawes on June 13th 2008 at 13:32:08


Message Thread


Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.

Log in