re: #354 Spare O’Lake

So if tar sands oil is less valuable, then it would be cheaper to buy than light crude, right? Please stop casting red herrings.

Dude, Frank is killing you. It’s less valuable because it’s more expensive to process. It’s not actually less expensive per gallon of gasoline refined. It’s more expensive. And because it’s also expensive to produce, if the benchmark drops too low, you’d have to subsidize it.

If we’re going to consider subsidies, we should go whole hog and get Pigovian on oil products. Less market distortion, and the proceeds can go to neat tech like the solar cells that Lawhawk just mentioned.