News for hackers. Stuff that matters.

A comment on The United States Is Now the Largest Global Crude Oil Producer. Parent comment

Re:The United States Is Now the Largest Global Crude Oil Pro... by zeroname on Wednesday September 12, 2018 @04:53PM (#17973191)
He didn't say it was due to more efficient motors. Just compare the average MPG of the cars on US roads, running on subsidized gasoline, vs. those on European roads, running on heavily taxed gasoline.
[ Parent | on HN ]
Re:The United States Is Now the Largest Global Crude Oil Pro... by merpnderp on Wednesday September 12, 2018 @09:10PM (#17975077)
Gasoline in the US is taxed not subsidized.
[ Parent | on HN ]
Re:The United States Is Now the Largest Global Crude Oil Pro... by Gustomaximus on Wednesday September 12, 2018 @10:43PM (#17975543)
An interesting question for this is will governments start with 'electricity tax'. There will be a ~$40bn revenue hole from cars swapping to electric in USA. Even proportionally more in Europe and Australia where the fuel taxes are much higher.

https://www.statista.com/statistics/249129/us-state-and-loca...

[ Parent | on HN ]
Re:The United States Is Now the Largest Global Crude Oil Pro... by marpstar on Wednesday September 12, 2018 @10:40PM (#17975531)
Kind of. The ethanol that's put into the gasoline is derived from corn, which is heavily subsidized in America.
[ Parent | on HN ]