What's in a barrel of oil
Using data from the Energy Information Administration of the U.S. Department of Energy, and an estimate of $2 billion/day for the cost of the Iraq War, there is an additional cost of $2.89 per gallon of oil product distilled from one barrel of oil (I think I used 42 gallons, the official EIA figure).
Since the U.S. federal excise tax for gasoline is 18 cents/gallon, I don't think the cost of this aspect of maintaining the asphalt nation is adequately covered...
Labels: car culture, energy
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