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Originally Posted by SCRAPPYDO
sorry sick of this tired trope of a generalization. A great portion of those subsidies are tax breaks that ANY company who invests in research and exploration and development can take.
This is just not true. The tax benefits to these companies to write off tangible and intangible drilling basically means that we, the tax payers, have paid for nearly all of the drilling equipment out there, however successful it was, or wasn't. They are literally written only for oil companies. Yes, other companies can write off some things, but the code literally has written into it items to benefit the oil industry alone.
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Originally Posted by SCRAPPYDO
Oil and Gas industry created our entire way of life, they created every single thing we touch, use and own. If they are getting subsidies beyond what any other company who invests in risky adventures are, and I am sure that they are to some degree, it benefits every single working American. Lower Petroleum prices lowers the cost of every single thing you buy. Every. Single. Thing.
Yes, because that's what rich people do, they return that money back to the "regular" people... Oh wait, Charles Koch, one individual person, has an income that's over a billion dollars a year? And somehow you think taxpayers need to fund his drilling adventures? You can pay that **** on your own, I want my money in my pocket, let him fund his own exploration. I know that if I want to start up my own gig I don't get those same benefits.
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Originally Posted by SCRAPPYDO
One set of subsidies if you want to call it that improves the quality of life for everybody, while the other props up an inferior form of energy production for ideological purposes. But I know 'warmers' want their green energy no matter how unreliable it is.
I recall texas recently suffering the shut down of 6 gas fired electricity plants in the middle of a heat wave, prompting a california-like energy crisis. And less than a year before that, natural gas, coal, nuclear, and wind all going down because of a winter storm, with natural gas having the largest impact... That's your definition of reliable?
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Originally Posted by SCRAPPYDO
We should be embracing green energy while maxing out oil production. We need both. The either / or idiocy is juvenile.
Of course. We're in a transition period. But at some point oil's use for energy production will dwindle to zero... You and I won't be here for it, but it will happen as long as humans are still on the planet.