World Gas Price Map
$11.49 per gallon in Germany!!$0.12 per gallon in Venezuela!!
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Saturday, May 31, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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8 Comments:
It's interesting to me that European countries do the most taxing on gas. These would seem to be the places where such taxes are the least effective at working their supposed benefits (such as encouraging efficient energy consumption and/or use of alternative sources) - given that the population is dense and public transport available. In the US, where higher gas prices really will have a measurable effect on demand, such taxes are lower. I suppose in Europe the tax has to be higher for government to get much out of it, given that consumption can be expected to be lower.
Europe is also the place where you find electricity from solar generation subsidized to the tune of 50 cents per kwh.
What is surprising is the level of governmental control that people readily accept in Europe. Commanding Heights gives a very interesting historical perspective on this phenomenon.
"What is surprising is the level of governmental control that people readily accept in Europe."
Don't forget that a good percentage of continental Europe population are socialists or even (still) communists and love state control.
Europe has a large public sector that is being paid by ever increasing taxes. High oil prices saved the budget of many EU countries, that is one reason you hardly hear screams about high oil prices coming out of EU parliament.
What about "Percentage Subsidized"?
Well joshua Euro-taxes aren't the only problem the Euro-weenies have...
Note the following from the UK Telegraph: The EU-wide umbrella group, known asEurochambres said the EU's overall employment rate was still stuck at levels attained by the United States in 1978, chiefly due to an incentive structure that discourages women from working and prompts early retirement by those in their fifties.
It found that the European Union's research and development levels were achieved by America as long ago as 1979, while the lag time on per capita income is 18 years.
advertisement"It will take the EU until 2072 to reach US levels of income per capita, and then only if the EU income growth exceeds that of the US by 0.5pc," the study said.
anon @ 4:33 PM says: "What is surprising is the level of governmental control that people readily accept in Europe"...
Good point...
Note the following from Rasmussen Reports regarding American citizens: 62% of Voters Prefer Fewer Government Services with Lower Taxes
$11 in Germany is a bit much.
I just bought some gas on the autobahn, for 1.56 euro/l.
With the dollar at 0.643 per euro and 3.8 l per a gallon, that comes to just over 9.15 US$/gallon
> What is surprising is the level of governmental control that people readily accept in Europe.
Not really. All the ones who would've objected to such had their ancestors emigrate to the USA 50 or 100 years (or even more) ago.
Over on No Oil For Pacifists, I noted, when an entry was shown for a new Austrian prison which had the goal of:
According to the building's architects , the prison environment was intended (my rough translation again) "to reflect the housing, work and leisure conditions of everyday life in freedom."
To which I quipped, "So where's the incentive to not commit crimes?"
which I followed with:
Or, alternately and LOL, is this more supposed to be an indictment of living in Austria, where the whole place is like living in a giant prison?
Take that for whatever irony and humor you find in it.
Oh god, will you people just STOP w/ this crap already? I mean, geez, it's like the whole gas tax argument during the primaries! Yeah, like taking the gas tax and, therefore dropping the price of gas by only FIVE percent is REALLY gonna make a diffrence! Give me a break!
And "more governmental control"? Hello, does the Patriot Act and FISA mean anything to you? Yeah, they have gay marriage, drug decriminalization, lax rules on "indecency", and lax sex laws, yet they have, less freedom? Get the hell outta here, what have you guys been reading?
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