Should "Green/alternative" energy loans and subsidies continue?

[Keven]

Artificial, anti-free-market subsidies don't end at the federal level, as the group said most state income taxes are in turn based on oil firms' lower federal tax bills, which result in companies paying $123 million to $323 million less in state taxes.

In addition to tax breaks, the federal government provides up to $114.6 billion to the wealthy industry in giveaways and subsidies annually that support the extraction, production and use of petroleum, such as research and development and export financing.

The federal government also spends up to $1.6 billion yearly on regulatory oversight, pollution cleanup and liability costs connected to the oil industry, the group said.

In addition, U.S. military spending allocated to guard the world's petroleum resources totals $55 billion to $96 billion a year, according to the group.

Because the oil industry is the only one that gets handouts, subsidies and tax breaks.

[Dutchcedar]

Artificial, anti-free-market subsidies don't end at the federal level, as the group said most state income taxes are in turn based on oil firms' lower federal tax bills, which result in companies paying $123 million to $323 million less in state taxes.

In addition to tax breaks, the federal government provides up to $114.6 billion to the wealthy industry in giveaways and subsidies annually that support the extraction, production and use of petroleum, such as research and development and export financing.

The federal government also spends up to $1.6 billion yearly on regulatory oversight, pollution cleanup and liability costs connected to the oil industry, the group said.

In addition, U.S. military spending allocated to guard the world's petroleum resources totals $55 billion to $96 billion a year, according to the group.

I'm going by memory here, but the oil business in the US is something like a one and a half trillion dollar a year industry. So when you present something that says the real cost of gasoline should be five times what it is and you present things to back that up, such as state tax breaks, that don't even reach a tenth of a percent of the industry's scope, I say, so what? And the cost of regulatory oversight, pollution cleanup and liability costs also being about one tenth of one percent of the industry, I'd say, let's make that the the across the board standard for all industries.

Now add in that about 12 to 15 % of the price of gasoline is taxes and I'd ask, where's the beef?

Finally, I'd question the figure of $114.6 billion in "giveaways and subsidies annually that support the extraction, production and use of petroleum, such as research and development and export financing." I wouldn't be a bit surprised if the bulk of that is made of standard business deductions.

We've had this argument before and I've yet to see that claim of subsidies and giveaways amount to anything but standard stuff. And to add, the oil companies probably don't care. Like everyone else, take their deductions away and they'll simply move the money from somewhere else. In this case, from the federal deficit to the gas pumps across the land.

[SteveW]

I'm going by memory here, but the oil business in the US is something like a one and a half trillion dollar a year industry. So when you present something that says the real cost of gasoline should be five times what it is and you present things to back that up, such as state tax breaks, that don't even reach a tenth of a percent of the industry's scope, I say, so what? And the cost of regulatory oversight, pollution cleanup and liability costs also being about one tenth of one percent of the industry, I'd say, let's make that the the across the board standard for all industries.

Now add in that about 12 to 15 % of the price of gasoline is taxes and I'd ask, where's the beef?

Finally, I'd question the figure of $114.6 billion in "giveaways and subsidies annually that support the extraction, production and use of petroleum, such as research and development and export financing." I wouldn't be a bit surprised if the bulk of that is made of standard business deductions.

We've had this argument before and I've yet to see that claim of subsidies and giveaways amount to anything but standard stuff. And to add, the oil companies probably don't care. Like everyone else, take their deductions away and they'll simply move the money from somewhere else. In this case, from the federal deficit to the gas pumps across the land.

Looks like the old Bullsh!t Alarm is alive and well.

[falcon_view]

I'm going by memory here, but the oil business in the US is something like a one and a half trillion dollar a year industry. So when you present something that says the real cost of gasoline should be five times what it is and you present things to back that up, such as state tax breaks, that don't even reach a tenth of a percent of the industry's scope, I say, so what? And the cost of regulatory oversight, pollution cleanup and liability costs also being about one tenth of one percent of the industry, I'd say, let's make that the the across the board standard for all industries.

Now add in that about 12 to 15 % of the price of gasoline is taxes and I'd ask, where's the beef?

Finally, I'd question the figure of $114.6 billion in "giveaways and subsidies annually that support the extraction, production and use of petroleum, such as research and development and export financing." I wouldn't be a bit surprised if the bulk of that is made of standard business deductions.

We've had this argument before and I've yet to see that claim of subsidies and giveaways amount to anything but standard stuff. And to add, the oil companies probably don't care. Like everyone else, take their deductions away and they'll simply move the money from somewhere else. In this case, from the federal deficit to the gas pumps across the land.

Dutch, if you really want to debunk Clifford W. Cobb's article you need to get with him and go over all the information he used to put the article together and then gather more information to offset his conclusions.

As of now you haven't gave any information that is useful.

[Dutchcedar]

Dutch, if you really want to debunk Clifford W. Cobb's article you need to get with him and go over all the information he used to put the article together and then gather more information to offset his conclusions.

As of now you haven't gave any information that is useful.

Yeah, I'll put everything aside for awhile to debunk somethin' you found on the internet from a decade ago 'cause I don't have anything better to do.

While I'm workin' on this, could you debunk the Bermuda Triangle thing for me?

Thanks in advance.

[tucker]

While I'm workin' on this, could you debunk the Bermuda Triangle thing for me?

[AMDScooter]

Ruh roh.. better not let that new lectric automathingy sit in the driveway too long.

“It’s A Brick” – Tesla Motors’ Devastating Design Problem

[Enmore]

Current battery technology just isn't up to it. It's heavy, expensive and now this.

I can see the point of hybrids, but electric-only is just stupid at the moment.

[Dutchcedar]

Current battery technology just isn't up to it. It's heavy, expensive and now this.

Batteries and electric cars are so yesterday. They're goin' out with Solydra panels and windmills. Passe. We're movin' on... to the future... a world powered by POND SCUM!!!

The President has a brilliant new plan to stimulate the economy:

The BioPreferred program — … — is intended to increase Federal procurement of biobased products to promote rural economic development, create new jobs, and provide new markets for farm commodities.

It’s part of his laser-like focus on jobs. In case you’re not quite getting it, here’s a paragraph a little later in his memo:

Biobased products are creating jobs across America. These innovative products are creating new markets for agriculture and expanding opportunities in rural America. Therefore, I direct the Secretary of Agriculture to prepare a report on job creation and the economic impact associated with the biobased product industry

Got it now, mouthbreather? The point of using taxpayer money to buy more biobased products is to create jobs, darn it!! What, you thought that creating jobs by spending taxpayer money just increases dependency on government? And that by processing the money through the government, you’re bound to get less bang for your buck?

Shut up, he explained.

linky

Seriously, this is Obambi's latest. It should prove to be an interesting campaign. Pond scum for all!!!

[tucker]

Batteries and electric cars are so yesterday. They're goin' out with Solydra panels and windmills. Passe. We're movin' on... to the future... a world powered by POND SCUM!!!linky

Seriously, this is Obambi's latest. It should prove to be an interesting campaign. Pond scum for all!!!

Some people think Obambi has a lot in common with pond scum.

[SteveW]

Some people think Obambi has a lot in common with pond scum.

Count me in on that.

[Enmore]

Pond scum eh? Soylent Green more like.

A marketing man's challenge if ever there was one.

[kbohip]

Politicians will never let that technology see the light of day. Once they realize that they themselves are at risk of being used for fuel they'll put a quick stop to this.

[myv65]

Some people think Obambi has a lot in common with pond scum.

On the behalf of defenseless, voiceless pond scum everywhere, I'd like to request a retraction of this grievous insult. Just because it's unattractive and smells, it's no reason to further tarnish its reputation by associating it with Obama.

[Dutchcedar]

Wait 'till PETA finds out that pond scums are living organisms.