re: #200 freetoken

I think you missed the whole point of the Saudi objections.

That’s entirely likely as I listened to the entire thing in Arabic and had trouble following his drift.

$10billion sounds like a lot… but look at it this way. World annual oil production is roughly 30 billion barrels. Taxing at 33 cents/bbl would get you $10 billion. Yes, the oil buyer pay the tax, but more importantly raising the price of fossil fuels drives efforts to develop away from fossil fuels.

Agreed, and as the price of a barrel of Crude Oil has varied by $1.54 /bbl just tonight alone, 33 cents/bbl is not so much.

Thus you look at it as a transfer of wealth, but the likely method of accomplishing that would be to punish the use of fossil fuels, which ultimately signals the end of the fossil fuel exporters.

But I don’t see how 33 cents/bbl, or even $30 /bbl signals the end of the fossil fuel exporters. They will add that to the cost.