Don't look now but the oil market is collapsing (user search)
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  Don't look now but the oil market is collapsing (search mode)
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Author Topic: Don't look now but the oil market is collapsing  (Read 10688 times)
Citizen Hats
lol-i-wear-hats
Jr. Member
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Posts: 680
Canada


« on: November 28, 2014, 10:46:46 PM »

While I'm happy to stick it to Moscow, Tehran, and Caracas (and somewhat to Edmonton, for that matter), cheap oil is utterly bad for the world. I would rather the carbon-rents from such a policy not accrue to autocratic governments, as long we aren't serious about carbon pricing, it still seems more sensible to me to accrue those rents to tight oil autocrats than to suburbia. 

Would be a really good (and relatively painless) time to impose an equivalent $30/barrel carbon tax, and use it to fund infrastructure/social spending/tax cuts/whathaveyou. To bad we can't have such a sensible government
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