{"id":22,"date":"2008-01-04T15:16:35","date_gmt":"2008-01-04T20:16:35","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22"},"modified":"2008-01-04T15:58:44","modified_gmt":"2008-01-04T20:58:44","slug":"the-price-of-oil-and-the-war-tax","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2008\/01\/04\/the-price-of-oil-and-the-war-tax\/","title":{"rendered":"The Price of Oil and The War Tax"},"content":{"rendered":"<p>The price of oil in terms of U.S. dollars could be a deceptive thing to follow given that the value of the dollar is dropping with respect to other currencies.  I decided to look at the price of oil in terms of Euros.<\/p>\n<p><a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2008\/01\/crudeoilpricehistory.png\" title=\"Crude Oil Price in U.S. Dollars and in Euros\"><img decoding=\"async\" src=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2008\/01\/crudeoilpricehistory.thumbnail.png\" alt=\"Crude Oil Price in U.S. Dollars and in Euros\" align=\"top\" \/><\/a><\/p>\n<p>The price of oil at the beginning of 2007 was $51.57 or 39.64 Eur. The price of oil at the end of 2007 was $85.52 or 58.12 Eur.<\/p>\n<p>The price of oil rose 66% in dollars, but only 47% in Euros.  We were paying a $9.71 per barrel premium because of the mishandling of our economy.  This is the extra cost over the uncertaintly premium that we pay because we chose to fight a war.<\/p>\n<p>At George Bush&#8217;s inauguration the price of oil was $23.59 or 25.25 Euros. To the end of 2007, it has risen 263% in U.S. dollars and 130% in Euros.<\/p>\n<p>George Bush said he would not raise taxes.  He did not say that he would not raise the price of oil.<\/p>\n<p><a href=\"http:\/\/www.buzzflash.net\/submit.php?url=http:\/\/www.ssgreenberg.name\/PoliticsBlog\/?p=22\"><img decoding=\"async\" src=\"http:\/\/www.buzzflash.net\/img\/common\/buzz-it-button.gif\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of oil in terms of U.S. dollars could be a deceptive thing to follow given that the value of the dollar is dropping with respect to other currencies. I decided to look at the price of oil in terms of Euros. The price of oil at the beginning of 2007 was $51.57 or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[22,23],"class_list":{"0":"post-22","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-periodic-posts","7":"tag-oil","8":"tag-war-tax","9":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22"}],"version-history":[{"count":0,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22\/revisions"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}