The Green War on the Poor - Robert Zubrin - National Review Online: "But what would the effect on prices be? Currently, western bituminous low-sulfur coal has a cost of $0.01 per kg at the mine, or $0.03 delivered to most users. Coal is about 90 percent carbon by weight. The green tax would thus multiply the cost of coal by nearly a factor of 40. A thousand cubic feet of natural gas contains about 18 kg of carbon. Taxing its carbon at a rate of $1.21 per kg would thus increase the price of a thousand cubic feet of natural gas from its current level of $2.50 to about $24.30, a tenfold increase. A barrel of oil contains about 110 kg of carbon. The green tax would thus hike the price Americans pay for oil by $133 per barrel over the world price (i.e., to about $230 per barrel today). As coal and natural gas provide the energy to produce not only the bulk of the nation’s electric power, but also most of its steel, aluminum, fertilizer, pesticides, food, plastics, electronics, glass, and many other products, and as oil provides the fuel to transport them, the cost of all of these would soar as well."
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