High prices at the pump
The reason oil prices in Europe for the consumer are higher than in the U.S. is strictly the higher taxation. (This also makes for a nicer incentive for contraband!)
Europeans rightly consider crude oil to be finite -- an unbelievable concept to the American voter. Europeans also consider oil to be produced at the expense of future generations, so they partially price that expense into the cost. At least, that's the idea.
Me? I go by Luttwak who claimed that "the solution to the high oil prices, is ..even higher oil prices !"
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