the price of gas
2007-06-19 14:28:03.090401+00 by Dan Lyke 0 comments
Cleantech Blog: The Real Price of Gasoline:
So, after the interviews and articles, I went back to find the study that was at the root of my recollection of a $10/gallon subsidy figure. The analysis belongs to Milton Copulos, the President of the National Defense Council Foundation. Mr. Copulos apparently updated his work this past January, and he now suggests a subsidy of $8.35/gallon of gasoline refined from Persian Gulf oil. Since the Persian Gulf reflects roughly 40% of world oil production, this implies a $3.35/gallon subsidy when spread across all gallons of gasoline. That's more in line with my expectations.