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On The Other Hand...


…I’m sympathetic to this point, an e-mail:

No way it would work. Once crude leaves the Gulf it becomes fungible. Supply and demand will control the price regardless of what we do. A domestic oil tax would only enrich the government and for it to discourage driving it would have to be rather larger. If we really wanted to punish the Saudis, the best thing to do is just treat them like any other third world kleptocracy with pretensions of civilization, i.e. stop taking their calls.”


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