$6 Gas; what's your guess?

[SamIam]

Originally Posted by TheMercenary

Here is a good bit....

http://reason.com/archives/2011/04/2...asoline-prices

Oh, and Tax Breaks are NOT subsidies.

Anyone ever compare the cost of a cup of Starbucks to what they charge for it? How about milk? Bought a bag of coffee today, use to be a pound, now it is 7 oz. For the same price....

Ahem.

What Does Subsidy Mean?

A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public.

Politics play an important part in subsidization. In general, the left is more in favor of having subsidized industries, while the right feels that industry should stand on its own without public funds.

Investopedia explains Subsidy

There are many forms of subsidies given out by the government, including welfare payments, housing loans, student loans and farm subsidies. For example, if a domestic industry, like farming, is struggling to survive in a highly competitive international industry with low prices, a government may give cash subsidies to farms so that they can sell at the low market price but still achieve financial gain.

If a subsidy is given out, the government is said to subsidize that group/industry.

http://www.investopedia.com/terms/s/subsidy.asp

(emphasis my own)

Distorted logic problem no. 345, sec. 8: Coffee does NOT equal petroleum even though they both are black.

Starbucks does NOT need to be subsidized in the public interest, much as you or I may enjoy a cuppa joe. In fact, my small town manages to survive without a single Starbucks establishment even on the distant mountain horizon. We do have quite a few gas stations, though.

My greatest threat to personal liberty at the moment is the price of gas. Which right now is $3.77/gallon at the local City Market. Answer me this, oh grasshopper: How come folks from major metro areas back East are paying $4.15 to our $3.77? It's not supply and demand. Cortez has a mere 10,000 in population and is about 50 miles from the nearest larger town - the vast metroplex of Durango, Colorado. So, what's up with your benevolent oil companies there, hmmmm?