Make Our Voices Count 2009


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Mar 21, 2009

Generate revenue with a barrel fee on oil


   By James Koshiba | Comments: 3

This measure would impose a fee of $1.00 to $5.00 on every barrel of oil imported into Hawaii. The fee would generate up to $230 million in annual revenue for investments in clean energy and food security. Ideally, the fee should be higher (to discourage use of imported oil and fossil-fuel dependent activities), and revenues used to help offset the impact on low-income people that can least afford higher prices  (a $5.00 barrel fee would increase gas prices by about $0.12 per gallon). This is another bold measure to move us toward a clean energy future, and we think we should stand in support of it.

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Agree (66)

Puanani
Jane
George
ken
Nova
Stuart
Keri
Jason
Puanani
Kiele
Alan
Joannie
Jeff
Barbara
Roger
Leon L.
Kamaile
Jennie
Evan
Derek
Annie
Kareen
Will
Christina
Melissa
Vivian
Crescent
Beth
Doc
Tom
Cara
Thomas
Evan
Matthew
Bill
Brent
Ben
James
Bret
Andrew
Becky
James
James E.
alani
Cynthia
Julie
Alana
Wendi
Joey
Betsy
Maire
n.
Cristina
Greg
Jeff
Jennifer
Jesse
Nedi
Chris
Patrick
Olin
Josh
Aito
Eliza
Scott
Cierra

Disagree (2)

Cindy
David




Comments


Herbert
Apr 24, 2009
reply
I wonder what this would add too the cost of living?


Josh
Mar 21, 2009
reply
I agree with Roger. Better still, we should set a "floor" price for a barrel of oil in Hawaii of $125. If the world market is below that price, then the tax would be the difference in price. (So right now at ~$45 barrel, the tax would be $80, but when oil goes up to $100, it will only be $25). But ALL the tax revenue should go directly to modernizing our grid and building wind, solar, and wave renewable energy projects. This would be good for business, too--because it adds predictability for long term cost-planning.


Roger
Mar 20, 2009
reply
the fee should be $10 or more, basically closer to $70 a barrel, then solar/wind is competitive

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