Zeev's Turnips Patch-No Politics (ZEEV)

[mish]

Thanks, John, a very rational analysis. I have suggested a long time ago that crude should bear a variable tax bringing it to an average of $30 to $35/barrel. At that price a good incentive for exploiting Canadian shales which are,m as far as I understand quite plentiful, will be in place and the capital to build facilities will be plenty, if that minimal price can be assured. That is, IMTO, a major reason the Saudi do not want oil to be around $30 for too long. We got to do it ourselves. One of the rare cases where I think that taxation should be used to create energy independence. Since that adjustment to $30/barrel has already been made, now would be a perfect time...

Zeev

Zeev this seem like a change in opinion but perhaps I am wrong.
Didn't you recently say that dropping crude prices would help the economy and boost GDP by something like 1% (1/2% perhaps) and help keep us out of recession. The author of that article made a case that falling oil prices will not necessarily do much for GDP.

M