The Energy Answer

A comprehensive answer to, among other things, an inconvenient truth.

Name:
Location: Warren, Rhode Island, United States

In 1979 war broke out in the Middle East. At that time I was introduced to an idea that would solve that problem and worked to get it off the ground. 11 years later in 1990 war broke out in the Middle East and I passed out pamphlets promoting this solution. 11 years later in 2001 war broke out in the Middle East and since then I have been delivering a talk promoting an idea that will end this cycle of nonsense. The purpose of this Blog is to promote this idea in a different forum. I practice primary care medicine full time in Providence Rhode Island. I have no political affiliations and engage in these issues out of my own personal interest. If you have a group that you feel would be interested in hearing the talk on which this blog is based you can contact me at geoffberg@pol.net.

Monday, April 07, 2008

Corrections

In Addicted to Oil I said the United States has 3% of the world’s population. The correct amount is 4.5%.

The rule of thumb has been that one penny/gallon tax on gasoline raises $1 billion in revenue. However, the US consumed 146 billion gallons of oil in 2006 so a more accurate number is 1 penny/gallon raises $1.5 billion. This has been changed in the Answer in two parts Part I.

Because of the above adjustment the tax and rebate were changed so that the tax is $1 increase per gallon per year to three dollars and the rebate is $500 for the first year, $1000 for the second year, and $1500 for the third and subsequent years. The tax is fixed; the rebate goes up or down depending on how much tax is actually collected. Still every penny that is collected as tax goes back to the consumer in the rebate.

One should also keep in mind that this is per person so that is $6000 for a family of four.