I'm thinking of buying a car now -so I can cry about it at the dealership- and while there are still some low interest incentives. I'm kind of afraid of a gas tax in the future though. I'm going for something cheap ~25k and donating my car to a family member in need.
I heard something similar about a meat tax in the USA. Which I doubt will pass. Back to the gas tax- I don't think it'd be an explicit tax on gasoline but something to encourage EV purchases. An EV would be nice but they are not Price/Value, with my definition of value, efficient to me.
There is a gas tax that funds the federal highway trust, as EVs become more prevalent I bet there’s either tolling or a mileage tax.
I don't want my everyday routes tracked just so they can charge me taxes.
I don’t like the intrusive nature either, but I suspect that’s where we are headed.
No. This will all go back to the regular scheduled program come 2024. Just relax, let your portfolio take a hit but watch it skyrocket again come 2024 with the changing of the colors
https://www.businessinsider.com/mitch-mcconnell-shoots-down-gas-tax-cut…
https://www.politico.com/story/2018/02/14/trump-gas-tax-409647
If you don't want to pay gas taxes, don't vote Republican. Trump was pushing for a 25 cent gas tax hike in 2018, and even today McConnell won't allow the gas tax to be repealed. It's amazing how they pass trillions in tax cuts for Soros but always have some excuse for running out of money when it comes to policies that help normal people.
Don’t forget the FIT tax decreases that every tax payer in the country enjoyed. I’ll take a gas tax 10 times out of 10 when gas was $2 and my income taxes were lower. But yeah it’s republicans who are always raising taxes!
The president doesn't control gas prices. Biden's outpaced Trump in drilling permits by 35%.
https://www.washingtonpost.com/politics/2021/12/06/biden-is-approving-m…
Let’s see how the American public feels about that come November, people are not as dumb as you and the rest of the Democratic Party think.
Torpedoing the Keystone XL pipeline (on day 1 of presidency) sent a signal to oil markets. By cancelling it, global markets adjusted their supply outlook from North America. As I’m sure you know, markets are forward facing and that move signaled a tightening of North America oil production. I’m guessing your retort will be that it wasn’t a lot of oil anyway, except it was set to produce 800k barrels/day and we import ~700k barrels a day from Russia.
So yes, while the president doesn’t go to gas stations and change the pricing signs, their actions still matter. Please don’t sit here and tell me that tightening the supply of oil creates downward pricing pressure, it just doesn’t. This is not to say that the Keystone XL pipeline is the cause of the massive swing in oil prices but it does matter incrementally. Saying that the president has absolutely no hand in any of this is just incorrect.
We’re now making deals with Venezuela and Iran to get oil. You would have to be totally brain dead to think that none of this is as a result of openly trying to cut US production.
Wrong.
This is not the whole story. When producers don’t drill for macro reasons, they position themselves for future drilling. Joe Biden has done everything he possibly can to kill this business. Finally, the political rhetoric scared lenders to the point that they lend on ESG attributes in addition to CFADS (try to do as deal in LNG..that’s a commoditized market where eSG attributes are now the differentiator). Stop mindlessly blaming a former president (who predicted this exact thing, by the way)
The difference between Trump and Biden is, when oil prices were $60 to $80 dollars, shale producers took advantage because they knew they had backing. Oil is $130 now, but shale is scared to ramp up and take advantage of these prices because Biden basically told them he'd give them no support
Obama passed the law to allow exports of crude oil again.
Wind and Solar boomed under Trump. Texas one of the leaders of renewables growth was assisted by various incentives by GOP politicians.
Trump started the charge with Hamm/Sheffield to work with OPEC+ to protect o&g industry.
Obama/Trump/Biden all warned Germany this day will come.
Everyone can keep pretending this is a partisan issue it is not for 20 years both sides of the aisle ignored sensible energy policy. Since neither side can agree to anything I expect it will happen for another 20 coming up.
Politics is religion. Seemingly intelligent individuals abandon all context and logic whenever anything related to politics pops up. At the end of the day people are rooting for their "team" as if this shit is a baseball game and are entirely uninterested in policy. These culture wars, which are not policy but seem to be the sticking point for many individuals, have just made things worse.
If you thought the January 6th or George Floyd riots were bad, just wait till you see how people rage when they can't afford food or to get to work. Energy costs spiking at the rate they are right now is the scariest thing going on in the world right now for the average person. Not the best tone to be setting going into a massively important election cycle for the party at the helm.
Trump will probably win in 2024 however I think republicans chances after 2024 are slim to none. The younger population is too liberal and once they fill up enough votes the democrats will likely win every election going on in the future until republicans change their stances to much more left leaning policies
Gas prices in terms of real dollars per miles driven are not worse than the 80s/90s. Would be more concerned about spiking housing costs, healthcare, and to a lesser extent food costs.
you're saying the improvement in mpg offsets the $/mile. Instead of $/Liter but that makes sense because we're interested in the $/mile of gas vs electric, but PrivateTechquity 🚀GME🚀 is discussing the issue in terms of $/Liter.
Should we not be less concerned about the rising cost of food because we use less calories at our desk jobs, thus need less calories and less food, so $/calories for survival is hasn't changed that much.
https://www.instagram.com/tv/CbDKMPrjaEc/?utm_medium=copy_link
ill just leave this here @drumpfy
Politicians campaign on false promises every day. Especially when it comes to promises involving corporations.
The issue is this wasn’t false
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