North America to Drown in Oil as Mexico Ends Monopoly

MSN ^ | 12/16/13 | Joe Carroll, Bradley Olson

[dead]

In December 2008, my old college friends and I rented a Winebago to go see Rutgers in a bowl game in Birmingham. It was like a miracle when the price of gas dropped down to about $1.25 a gallon along the whole route.

This was 2008 and gas was about $1.25! It didn't last, but it was a great time to be driving a huge guzzling motor home.

[publius911]

The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields.

It's official, then. Our elected criminals are not the only group that can be characterized as retards.

Seeing that the Mexicans stole all foreign investments in Mexico once before, what sort of retards would participate in "investing" in another go at getting robbed?

I will carefully examine any 401(k) investment account which deals directly or indirectly in these new Mexican "investments."

[itsahoot]

I kinda remember a while back were some politico was talking about lost tax revenue when gas prices would go down.

When cars get more gas mileage the revenue goes down, which is causing some to consider a tax per mile driven.

[American Constitutionalist]

Actually they would get more money in taxes as more gasoline is sold even if they keep it at current levels.

[American Constitutionalist]

Then the electric cars should be taxed accordingly compared to gasoline cars. put a meter on the charging box for those who want electric cars.

[American Constitutionalist]

" The price of gas doesn't affect the government's take, so where would you find their incentive to raise the tax? "

Actually it does, no it does not effect the percentage of the government's take, but if prices are to high and no one is buying the gasoline then the government is getting less and less of that percentage in tax receipts.
The production cost of gas goes down ? more is sold and the more the government gets in what is being sold to the public in their percentage.

[FreedomPoster]

>>Electric cars pay no gas tax, and thus nothing towards maintenance of the road. They are freeloaders on the highways, though they cause the same wear as an gas car

Which is darn near nothing. Almost all road wear occurs as a result of truck traffic, and I don’t mean F150s.

I agree on the freeloading aspect of electric cars.

[Sherman Logan]

Electric cars DO cause the same wear as gas cars. But I agree this isn’t much.

Which means of course that drivers of cars subsidize the drivers of trucks.

Which is ok, because actually charging the drivers of trucks the true cost of their wear on the roads would only result in driving up costs for everything transported by the trucks, which would of course be paid by the drivers of cars.

There is no such thing as a free lunch.

[Star Traveler]

Yep, there is no such thing as a free lunch when society has vast infrastructure - which is of benefit to everyone - and must be maintained.

[FreedomPoster]

What is really a travesty is that we spent all this so-called stimulus money in recent years and managed to do very little real infrastructure maintenance and upgrades.

[Star Traveler]

Perhaps they didn’t do anything in your area, but in Tulsa.Oklahoma — there has been infrastructure maintenance and upgrades all over the place, It’s still going on, too.