From the inbox:
We posted this video Monday, and I thought it may be of interest to you. It runs for about 10 minutes, but is definitely worth watching [http://www.terrarossa.com/?p=225].
The true price of a gallon of gas is not the $3.00+ we pay at the pump, but is closer to $7.00 when you take into account the amount of U.S. tax-payer dollars spent to secure oil resources.
In a new video just released on our site (www.terrarossa.com), Retired four star general, Charles Wald speaks on the factors often left out of the cost of a gallon of gas. The video, "Cap. Trade. Grow." also features President George H.W. Bush's EPA director, and a successful venture capitalist speaking on the importance of free-market solutions for energy independence.
Watching this made me feel like a conservative (shudder). No wonder the folks out there hate me when I say cap-and-trade isn't so bad compared to a carbon tax. For that reason, and my beautiful hair.
Nonsense. I did this calculation for the White House. If you take the number he gives in the video ($50 billion/year) which is what we used, and divide that by 300 billion gallons per year, you get 16 cents per gallon, of military spending externalities. You could throw in other things, but you'd have to use some pretty speculative numbers to get $7/gallon.
Posted by: Ben Ho | September 25, 2007 at 10:57 AM
300 billion gallons per year
Is the military's budget even $1200 billion?
nope:
Budget for 2007
Total Funding $439.3 Billion
Pretty outrageous figure that $4 a gallon extra.
Hell the whole US federal budget for 2008 is $2.9 trillion....these guys trying to say the US pays almost half its budget on getting oil? I call bullshit.
Anyway these figures have brought up another point...i keep hearing a 1$ gas tax proposed here...that is $300 billion a year!!!
I no longer wonder why 60% of the British public see global warming as nothing more then a tax scam.
I think I now agree with them.
Posted by: joshua corning | September 25, 2007 at 07:24 PM