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Everyone needs to do a Google or MSN search on Peak Oil..... The simple truth of the matter is that the United States of America is now consuming the maximum capacity of our refineries..... There is plenty of oil in the ground, there isn't enough refineries to refine the gasoline..... There hasn't been any refineries built or expanded in America since 1972, just before the oil depletion allowance was taken away from the oil industry. Every other form of business in America is allowed to depreciate its assets.....but not the oil industry. The average price of gasoline is broken into 42 percent for the crude oil, 31 percent for federal and state taxes, 14 percent for refinery and their profits, and 13 percent for distribution and their profits..... Ask most gas stations attendants across the country and they will say their lucky to get a penny or two profit on the price of their gasoline.... Another simple truth is that while we have reached peak oil, we are still building and purchasing bigger houses and cars, in other words we are demanding more... Last year over 50 percent of the new cars and trucks sold were V-8s..... and the average size of a new home was over 2,000 square feet...... More than half the oil consumed in America is used to heat and air condition our homes.....has nothing to do with our addiction to automobiles..... Whatever happened to the 1.000 to 1,200 square foot bungalow or ranch house? Why aren't Americans buying and building more 4 cyclinder cars and trucks? The best selling car in Europe today is the VW Lupo, a three banger diesel which gets 60 mph highway.....Notice its not for sale in America..... EXPECT THE PRICE OF GASOLINE TO CONTINUE TO INCREASE, SINCE OUR GOVERNMENT OR OUR PEOPLE HAVE NOT CHANGED THEIR GREEDY OIL CONSUMPTION.... The reason most people buy a bigger house is to get a bigger tax deduction....that needs to change..... The reason why Americans buy bigger cars is because gasoline is too cheap, if we paid the same price as Europeans do, over $5 a gallon, I'm sure we would be buying and building Lupos too..... Some say we should increase the taxes on gasoline, but I prefer we increase the taxes on automobiles, up front, with a V-8 tax of $100,000 and a V-6 tax of $50,000 for both new and old vehicles.....that will change our greedy habits.... We can do the same with houses too.....tax the living daylights out of any house more than 1,200 square feet...... IF YOU ARE DRIVING ANYTHING LARGER THAN A FOUR BANGER, YOU ARE A GAS HOG! IF YOU LIVE IN ANYTHING LARGER THAN A 1200 SQUARE FOOT HOME, YOU ARE AN ENERGY HOG!
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