The Do-Nothing Energy Tax: $3 Gasoline Dead Ahead
By Daniel J. Weiss, a Senior Fellow and the Director of Climate Strategy at the Center for American Progress Action Fund.
The mounds of snow blackened by auto exhaust have barely melted in Washington, D.C, yet the Energy Information Administration’s Short Term Energy Outlook already predicts that average gas prices “will exceed $3 per gallon” in coming months:
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Higher gasoline prices are like a tax on consumers – they pay more for the same amount of product, with the additional funds enriching big oil companies and foreign oil suppliers.
Since one of every four barrels of oil comes from nations that the State Department classifies as “dangerous or unstable,” more oil consumption and higher prices further enriches these states. And a $1 increase in oil prices provides an additional $1 billion dollars to the Iranian government – even though the U.S. buys no oil from it. This can only help Iran incite unrest and attacks in Iraq and elsewhere. http://wonkroom.thinkprogress.org/2010/03/10/three-dollar-gas/
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