Today you get a double dose!
First this article from the WSJ:
Gas Conservation Threatens Road Funding
As the Left continues to cheer the return to the 18th century where carbon fuels don’t exist for transportation, they find a problem. When fuel gets expensive, people buy less of it. When people buy less fuel they pay less taxes for fuel. Less taxes paid means less taxes for the govt. to spend! Right now the Highway trust fund will take in about $3B less than it plans to spend. Oops!
If the national problem isn’t enough, the average state tax is about 150% of the Federal tax. That would suggest the States will be finding themselves short about $4.5B.
Any bets on the number of state fuel tax increases that will be imposed in the next year?
For our second “be careful what you wish for,” we go to the Rochester Postbulletin for a lament over the lack of B-99 biodiesel.
A year ago B-99 (99% biofuel diesel) was available at a couple of area stations for a price comparable to oil based diesel. B-99 is made from soybeans. Unfortunately, as the price of corn skyrocketed due to the increased demand required for ethanol, more farmers moved from soybeans to corn. The result is that along with corn, soybean prices have soared. B-99, if available at all, is now significantly more expensive that good, old fashioned, oil based diesel. Even the Greenies in the article say they won’t pay more than $.10 a gallon extra to be green.
I’ve said it before and I’ll say it again, our economy is based on inexpensive energy! That’s not rocket science, that’s common sense if you pick your head up and look outside of the Washington or any State Capital’s beltway. Rapidly and dramatically increased energy prices have implications that the Greens and too many in Washington either don’t want to understand or are intentionally allowing to continue.
I know many on the right are still not comfortable with McCain but remember this. As you go to the polls in just over 3 months, be careful who you vote for. Your vote also could have unintended consequences.