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A comment on Peak Oil Perspective. Parent comment

Re:Peak Oil Perspective by thrownaway2424 on Monday September 09, 2013 @04:06PM (#6355798)
Yeah. Last time I was in Europe the local gas tax was more than the entire price of gas in the USA. Our low gas tax is, in effect, a subsidy, because we (as a society) choose to ignore the externalized costs of burning gasoline.

Gas is currently 2CHF per liter (about $8 per gallon) in Zurich, in case you haven't been out of the USA lately.

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Re:Peak Oil Perspective by fleitz on Monday September 09, 2013 @04:43PM (#6356054)
You could call it externalizing the costs of burning gasoline, or you could call it internalizing the profit of burning gasoline. The rest of the world burning gasoline results in cheap credit for the US.

http://www.newyorkfed.org/research/current_issues/ci12-9/ci1...

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Re:Peak Oil Perspective by thrownaway2424 on Monday September 09, 2013 @04:58PM (#6356148)
The result of burning all that fossil fuel will indeed by internalized in the end, but when it comes around I doubt you'll call it a profit.
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