The they should start voting accordingly because CAs high gas prices are a product of an ideology and not production costs.
Roman from TFLEV has a meltdown trying to road trip their new VW I.D. Buzz
- Thread starter AZjeff
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You're kidding, right?
Wait a minute...you mean voting for clean air means paying more for everything?
Who'd have thought!
What would be funny in my statement?
Other countries are buying the same oil from the Saudis in an open market just like we do, so what would cause the price discrepancy other than intentional, high taxation. California is a perfect example of that.
Clean air is a localized problem, why punish the whole state? Also, European countries don’t have this problem yet adopt the same measures of very high prices. Energy cost is purely associated with a certain ideology. Of course we can’t discuss it further than that.
Ok, let's assume the entire state of California has poor air quality issue, how is high gasoline price help with this? At least in Europe they have other means of transportation readily available and usable, what do they have in LA? How is that high speed rail going? Is it almost done?
The European model is social manipulation through increased taxation. I think you can safely say the same thing for some places in north America.
High gasoline prices don't help it. Higher CAFE and emissions standards do though. Say what you want about public transportation, but we're in the situation we're in with public transportation because of the automobile lobbies. It's well documented. We have a lot to fix to get remotely close to having reasonable transportation.
The car is the solution for everyone by design and all it has done is cost us more money in the long run.
There's a reason why we have 30-year loans for home purchases. Our tax code is definitely designed to encourage certain behaviors. But people tend to support taxing only the behaviors they disagree with.
Cafe needs to be tossed out and emission standards rolled back to reasonable standards. These high Cafe and standards have made engines much less reliable for very little gain but without a doubt has bent the consumers over a barrel. Just because Europe has flushed its automobile industry down the bog with their lunatic standards and mandates doesnt mean we should follow suit.
California SoCal has a land-use problem. Most of the state, especially in densely populated regions areas of SoCal are zoned for single-family residential. This creates sprawling land use, which renders mass transit ineffective.
Yup, cars are the devil, yet their solution is to keep adding more highway lanes. Then they proceed to make the gasoline prices sky high and praise the electric cars as the solution.
Which wouldn’t actually be a bad idea if they made a concerted effort to make electricity super cheap. Yet they’ve done the exact opposite and on top of that it’s not even reliable.
They simply hate the idea of cheap energy, period.
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What they did was astonishing, and they were hell-bent on continuing to do it.
I am all for regulation, as a true capitalist society cannot exist without one (Boeing would be a good example of how having influence on regulators can backfire). However, what they did in the EU is actually an achievement.
We pushed out diesel engines with too much regulation, and they have been a really good recipe for lowering fuel consumption and CO2.
Those vehicles stink. Run one in a closed garage for a few moments and you’ll know how dirty it is. Run a vehicle made in last 10 years same space and not noticeable.
Some thoughts about tax breaks...
The oldest, known as “intangible drilling costs,” was created by the Revenue Act of 1913 and was aimed at encouraging the development of U.S. resources. The deduction allows companies to write off as much as 80 percent of the costs of drilling, things like employee wages and survey work, in the first year of operation, even before producing a drop of oil.
Another subsidy, dating from 1926 and known as the depletion allowance, initially let oil companies deduct their taxable income by 27.5 percent, a number that seemed strangely specific.......The allowance was eliminated in 1975 for large producers and reduced for smaller companies, which are still allowed to deduct 15 percent of their revenue from their taxable income.
.....The oil and gas industry is expected to reap $1.7 billion in 2025 from the intangible drilling tax break, and $9.7 billion over the next 10 years, according to the White House. It is expected to realize $880 million in benefits from the depletion allowance tax break in 2025, and $15.6 billion by 2034.
Probably an unpopular source, but others can be found, this is just one of the first ones that came up for me that was topical for US energy production as opposed to worldwide energy production:
https://www.nytimes.com/2024/03/15/climate/tax-breaks-oil-gas-us.html
We basically provide a risk-free environment for oil production in the US with these tax breaks.
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I had two done, I thought it was $1500, maybe not. The cars have to fail smog, be registered past two years, the program still going as far as I know. The last was a 98 with obd 2. Was happy with it. Tried very hard to fix it, no luck. Then it’s an ornament in the driveway.
Lets see, big oil company subsidies +++, average person, - - -, electric cars, - - -.
Alot of what people claim are "Big oil subsidies " are not subsidies but tax write offs that many companies big and small are allowed as well as regular citizens.
Depletion Allowance The depletion allowance allows companies to treat reserves in the ground as a capitalized asset that may be written down by 15% per year. The government only allows the “subsidy” for independent producers. Integrated oil companies such as Exxon, BP etc. are not allowed the exemption.
But you can't forget the biggest one of all: all the costs that get externalized. How much property and public infrastructure are being damaged because of ****ty weather from all the carbon we've dumped into the atmosphere? Swathes of the country, including much of Florida, will be virtually uninsurable within our lifetimes. Not blaming the producers...they legally sell what people want and cheap energy is a boon for living standards. But as a society we've pretended externalities don't exist.