On Feb 9, 8:51*am, jim "sjedgingN0Sp"@m@mwt,net wrote:


So what is wrong with just taxing oil?
Apply a hefty tax on oil and
all the stupidity is terminated


The big problem is that it would be pretty much impossible to tax oil
equally in every nation. If the U.S. taxes oil, it give a huge
advantage to countries that do not.

But taxing oil is not really necessary. Oil is becoming harder to
find and more expensive to produce. Therefore the price is going up,
which is pretty much the same as applying a tax. Alternate energy
sources will become economical as oil increases in price. So we
should have a relatively smooth transition from oil to other sources
of energy.

Dan