A Quote by Bill Maher
If anybody is so mad at Vladimir Putin, you know what they could do? They could advocate for a gas tax. He gets all his leverage from selling gas and oil. If we had a gas tax that made that less palatable, he would be less of a player on the world stage.
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There's no question that natural gas is a lot better than coal or oil, in the sense that natural gas produces less carbon per unit of energy produced.
The Bush administration, they had two blue ribbon commissions about infrastructure finance that recommended a lot more money, and additionally the gas tax being increased. We couldn't get them to accept being able to move forward. Since President Obama's been in office, there has been, to be charitable, a lack of enthusiasm for raising the gas tax.
It is very different to make a practical system and to introduce it. A few experiments in the laboratory would prove the practicability of system long before it could be brought into general use. You can take a pipe and put a little coal in it, close it up, heat it and light the gas that comes out of the stem, but that is not introducing gas lighting. I'll bet that if it were discovered to-morrow in New York that gas could be made out of coal it would be at least five years before the system would be in general use.
You take the huge income that comes with a big gas tax, and you use it to pay off regressive taxes like the FICA [Federal Insurance Contributions Act] tax. You can help the poor in other ways besides giving them cheap gas. You want to send the message that people want to be as efficient as possible using gasoline until we can transition away from that need entirely.
A gas tax could be one important element of an integrated energy policy.
The Putin regime's income comes from oil and gas exports. If we could crash the price of these commodities, we could bankrupt the regime.
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
The war on driving includes calls for carbon and gas taxes, tens of billions of gas tax money diverted to inefficient and little-used mass transit projects, and opposition to building new roads and highways.
Relative to oil, however, natural gas is very cheap and very attractive. And I think that natural gas in emerging markets is very attractive. There is very little natural gas infrastructure in places such as China, where there is tremendous demand for natural gas.
We are considering various ways of making use of our oil and gas downstream industries. This is to be complemented with the import of oil and gas from other sources as raw materials.
As gas prices continue to drop, 28 states are now selling regular gasoline for less than $2 a gallon. It's getting cheaper to pump two gallons of gas outside the station than it is to pump two squirts of nacho cheese inside.
In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
We want to see oil and gas regulations on a continental basis given the integrated nature of this industry, with the current conditions in the oil and gas sector, this government will not consider unilateral regulation.
Venezuela has the biggest oil reserves in the world. And the biggest gas reserves in this hemisphere, the eighth in the world. Venezuela was a U.S. oil colony. All of our oil was going up to the north, and the gas was being used by the U.S. and not by us. Now we are diversifying. Our oil is helping the poor.
If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship.
Fracking is an amazing instance of discovery of many things that come together to make it much cheaper to extract oil and gas. In a world where burning oil and gas puts more and more carbon into the atmosphere, it's not actually the most important kind of innovation to have.
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