Also, for one example, my state's constitution has a clause preventing gas taxes for anything other than road construction, the only such exemption in the state (IIRC). There isn't even a sales tax on gas, unlike any other commodity except food. That lowers the cost of fuel substantially.
But not for the oil producers, which is the point you appeared to be making earlier. Your state seems to have it right in terms of the demand side.
Yes, we need some oil. How much? That is open to debate. We certainly can't figure out the optimal amount if we constantly appeal to the Market Gods in a blind theocratic appeal to unseen wisdom.
The "Market Gods" are the only ones who can answer that question. If there is a better way to allocate finite resources, we haven't figured it out as a society yet.
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Date: 9/9/13 11:39 (UTC)But not for the oil producers, which is the point you appeared to be making earlier. Your state seems to have it right in terms of the demand side.
Yes, we need some oil. How much? That is open to debate. We certainly can't figure out the optimal amount if we constantly appeal to the Market Gods in a blind theocratic appeal to unseen wisdom.
The "Market Gods" are the only ones who can answer that question. If there is a better way to allocate finite resources, we haven't figured it out as a society yet.