Murdoc’s Super Secret Solution to Gas Prices

Convince China to jack up their gasoline tax big time. India, too, though China’s system would probably be easier to manipulate.

I’d be willing to use the CIA to make it happen.

Just an idea.



  1. un…kay. Probably worth noting that the fossil fuel companies in the U.S. receive about $17 billion/yr worth of market protections/subsidies etc of various types. A pittance wrt their profits, and miniscule compared to China’s like offerings, but until our own behavior changes, we don’t much of an argument for them to stop subsidizing their fossil fuels. Separately, I have heard that India is reducing their fuel subsidies.

  2. dude, that actually happened today and the price of oil dropped $4/barrel. June 19 (Bloomberg) — Crude oil fell more than $4 a barrel, the biggest drop in 11 weeks, on speculation demand will decline, after China said it will raise fuel prices starting tomorrow.

  3. Sam, If my memory is accurate (I don’t have time to look up the annual report again), Exxon alone paid $40 billion in tariffs and $30 billin in income tax last year. So that tax-break figure does not impress me. The Indians and Chinese are not stupid enough to cripple themselves economicly the way we have. The know that dirt-farming with an ox isn’t fun – something we’ve forgotten.

  4. Don’t you love to watch the ‘free market’ at work?’ I would love to see an actual free market at work. ‘So that tax-break figure does not impress me.’ I did not expect it to. The PointG

  5. My take on the Chinese (and not just in the sphere of energy use/production) is they take a much longer view towards most things, and the ruling elite views relationships fundamentally different than us (US?West). We’re a nation of drive through junkies, not just at the personal level, but at the coporate and governmental levels too. The Chinese tend to look decades ahead, especially at the latter two levels. They also, take the opposite view of competition, up to and including warfare. The West views warfare as an extension of politics, diplomacy, and commerce (when lesser measures fail). The Chinese view politics, diplomacy, and commerce as a lesser cost alterantive to warfare. Whipping our butts economically may take a lot longer, but it’s far less costly and destructive than shooting. This is ironic in that’s it’s generally excepted that ultimately our inherently stronger economic system is a large part of what finally put the Soviet Union out of business. Their crummy & corrupt economic system just couldn’t compete with us over the decades. I have to wonder if the Chinese didn’t take note of that, and calculate that a more capitalisticly orientated society would be a much stronger competitor for us to face off against. And as Bram notes above, they get double their value because we’ve been all to happy to economically hamstring ourselves in far too many ways.

  6. I live in the UK… so I know the impact of high fuel tax! It just disgruntles people, kills the economy, etc. I doubt people in China will be that willing to go for it (they just need to take one peek at the UK), but hey, if they sign up to it, I’m sure it will help slow down their economy quite nicely! Do the rest of the world a favour! But on the flip-side, I guess you can always say, it’s a big ‘power pie’ as far as global power goes (I just made up that saying). If you take away one piece from someone, someone else will take it and my bets go to the russians with their oil and manufacturing ‘potential’.