Changes of oil price only in one direction allowedAs an addition to the Kyoto protocol reform, a back stop for the oil price should be implemented. This could steer a tax redistribution.
To escape the dependencde from crude oil and to stabilize the world climate, every lowering of the oild price should be compensated by a higher tax on oil. This could be implemented in an atomatic protocol. For exampel when the average barrel price decreases in a quarter, the oil tax is automatic increased by $20 per barrel. At daily 2,7 million barrel consume in Germany, this would be a tax redistribution ov 15 billion a year.
With this increase of the crude oil tax, the duty contribution to the social insurance could be lowered by 4%. A small but important step away from tax for human work towareds tax on resources.
There is a huge potential for oil consume reduction Special Plug-in hybrid cars und plus energy houses have a huge potential to reduce oil consumption. But modern technic is again and again stoped by cheap fossil energy. It could happen, that the oil price decreases by stong demand reduction to $10. Until this happens, the tax per barel should be increased by $240, that nobody has to mad idea back to the cheap oil. |
