Domestic well heads today ought to produce revenue gushers for uncle
The rate of exploration is governed by market prices and marginal costs
The existing wells prospered at far lower crude prices
Tax away the rents and pay it out in reduced payroll taxes and raised retirement payments
The pump level taxes should be used similarly of course
Road building etc needs funding by direct C/B Calculations
This is all trivial
But I heeded to get it off my chest
We are at a big turn in energy pricing but the specs with credit backing
can Keep this rip off going a few more years
The smart ass notion we face political constraints on raw supply
Are a rich joke
Rich enough to fund the Iran containment crisis all by itself
