Friday, February 5, 2016

Obama Seeks $10-Per-Barrel Oil Tax to Fund Clean Transport

President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change.

Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected face solid opposition from Republicans who control Congress and oppose new taxes and Obama's energy policies.

Still, the White House hopes the proposal will drive a debate about the need to get energy producers to help fund such efforts to promote clean transportation.

The White House said the $10 fee would be phased in over five years. The revenue would provide $20 billion per year for traffic reduction, expanding investment in transit systems and new modes of transportation like high-speed rail. It would also revamp how regional transportation systems are funded, providing $10 billion to encourage investment that lead to cleaner transportation options.


He's obviously not up to speed on fluid dynamics, baffles, and hydraulic pressures. He wants to move oil on high speed trains? 

What could possibly go wrong? 

8 Billion in the "Stimulus Package" that none of us felt stimulated by, for high speed rail development and projects...

Here we are, still with no magically built high speed trains.

So let's do some math. 

What's Brent crude at, $34.46 a barrel? Or somewhere around that? Yeah, let's just go ahead and scalp the fuck out of a barrel at 29%. That makes sense right? Here's your answer to his NO on the Keystone Pipeline, just in case you forgot about that. Phased in over 5 years? It doesn't sound so bad when there's meat left on the bone at $150 a barrel, but at $34.46 a barrel? Not so much.

Does he really expect "energy producers" to get on board and line up in droves to get their new planned scalpings? Sounds like a great idea, said no one ever...

Teamster's Rail Conference payoff anyone? Anyone? Is this thing on?

The public, out of necessity, turned to automobiles and flying for a reason. Trains suck. They are meant in our modern time for hauling coal, goods, freight, machines, and many other things.  Personal travel on them is fine I guess if you've got some time to kill. Most people don't. They want to get where they are going as fast as possible because they have other shit to do when they get there. 

Have a great weekend heads...


Paul, Dammit! said...

You already pay a shit ton in taxes on a barrel of oil, and more when it's refined into lighter stuff. Every movement of oil is taxed to fund the OPA90 disaster fund, the cleanup. Investing in less-safe and slow ass ways to move oil is absolutely retarded. Pipelines are cheaper and faster than even ships, and ships are efficient enough that over-the-water transport costs by the time you get to the pump are still less than 1.5 cents per gallon, and that was BEFORE we produced our own fracking oil.

What we don't need is more taxes. We simply need less Obamaphones, cancel any military equipment contracts for the stupid and useless new ships and planes they're building out, and no more unemployment extensions. Seriously, canceling the F35 program would save money even if we gave half of the trillion dollars in earmarked funds to ridiculous and useless green projects.

Stackz O Magz said...

Knowledge drop on that ass Bitches! I can always count on you my dude.

SiGraybeard said...

But wait, there's more. The reason he's talking railroads and killed the Keystone pipeline is political payback to big donor Warren Buffet. By killing the Keystone, some of that oil goes on Buffet's Burlington Northern railroad. So all that green crap talk is about is to arrange paybacks to cronies for funding his campaigns.

And while I'm hesitant to link to myself, I give more details on the train of corruption (see what I did there?) in a post of mine from April of 2012.

Stackz O Magz said...

You can link yourself all you want to man, especially when you're dropping links to help folks tie some of this fuckery together. Thanks for the post, I read your link and had no idea him and Buffet were butt buddies.