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Originally Posted by loquitur
yeah, it's calculable. in principle it's basically the cost of extraction, transportation and refinement plus the cost of capital plus the cost of negative externalities.
I don't have that number. But you insist on leaving out the last piece. Ronald Coase would be displeased.
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He'll get over it
Since oil companies do run at a profit, I can only assume the cost difference would be from the public sector.
My question then is, is the infrastructure 'payed for' by the .47 a gallon tax imposed on average?
Without knowing that, the whole 'real cost' is hard to wrestle with.