Here's an article I barely came across (I saw it, and didn't believe my eyes. When I came back to look for it, it was gone)
Obama wants to end subsidies to oil companies!! Cheer!
While I wish he would extend this thinking to EVERY aspect of the economy, at least he's doing it to one area.
I'm hesitant to trust him. Perhaps the legislation will say something different than what he's asking for. But for now, we agree.
Here's another tidbit about gas prices: The price of gas isn't increasing, the dollar is simply losing value.
http://www.goldmoney.com/commentary/the … o-far.html
When I saw the topic, I nearly spit my tea all over the place. But yes, I agree: subsidies to oil companies ought to be ended, along with all manner of corporate subsidies.
Heck, I want to get rid of farm subsidies, though my Iowa relatives might think I'm crazy.
Word to this entire post.
Central Iowa has the worst tasting water I've ever had. Maybe if they'd stop poisoning it growing "food" that humans cannot actually eat it'd taste good again.
A short and sweet analysis of why our idiotic farm policies have led to everything from the obesity crisis to the Mexican drug wars: http://www.grist.org/article/2010-03-25 … -meat-hfcs
How about ending all subsidies everywhere of every kind. Personal, corporate, trade, technological, medical, food, housing, educational - all - universally, permanently -all. No one ever gets a penny of any kind that they did not earn, borrow raise or receive from a voluntary source. No more property transfers at all, ever. That would be awesome.
Obama's expressed goal is to remake the country into his utopian vision - wind mills and solar panels. The end of oil subsidies is not out of some clear headed understanding of free market principles. It is out of the desire to force gasoline prices higher.
"Genius" at work. Can a man be wrong more often in a 4 minute clip. Arrogant and out of touch.
"The end of oil subsidies is not out of some clear headed understanding of free market principles. It is out of the desire to force gasoline prices higher."
And you know this how?
Besides, there is no free market. Koch and their like BOUGHT IT, OWN IT, SOWN IT UP.
I know this from what Barry has been saying for years. If you listen a man will tell you his bad intentions.
For now. See you in the potato line, comrade.
Been there since 2003, while you've been living it up.
Thanks for nothing, you and your "free-market" ideologues.
I didn't notice you on the line. If you have been there that long perhaps you should consider the rice line or perhaps seize the reigns of you own destiny and move.
Perhaps we could get a lesson from a mover and shaker such as yourself. I asked our dearly-departed Lady Love for similar advice, but it was never forthcoming. As a business owner myself, please enlighten me. Seriously, you appear to have all the answers to grabbin' that apple-pie dream - do share with all us "under-six-figures-a-year" dullards.
Oh I didn't know you were taking hand outs? Maybe you should try the rice line, too. Didn't know you held us working class people in such contempt. Success in one's life isn't contingent on a six figure salary but it also isn't helped by whining that the man is holding you down or the government isn't plundering enough from you and gifting it to me.
Success with the reigns is attitudinal not economic. If one refuses to acknowledge they are the locus of control than nothing will ever feel like success. The liberal, ultimately must have someone to blame for that empty feeling. Might as well be me. Its okay, there are no monsters in your closet.
Oh, by the way - if you really do own a business and have a six figure income yet vote liberal than you really are hopeless.
I don't have a six-figure income - that was the point of the post. And yeah, I am a small business owner and I don't necessarily vote "liberal." But being in business, taxes have never been lower - you might want to pass that along to your buddies.
Well, here's the big one Evan...will Congress let him?
KIND of doubtful.
But it is about time!
This is the ONLY chance we have to DO something about Big Oil...
There is a man...Jack Kemp's son, who is in Congress--a Republican. HE is in the mode of a real Repub, if he's anything like his dad...maybe he and Brown can be worked with to get this continous theft ended!
http://maxkeiser.com/2011/04/28/kr142-k … f-america/
You know Evan, I have to agree with you on this one.
one thing that I AM worried about is that he will cut subsidies to oil, but then increase subsidies to other industries (i.e., sun, wind, water, etc).
I would be against this movement. It would just be him supporting one area of the economy (a less efficient one) over another (more efficient one).
I would have to disagree with him on doing so.
How would you feel about government-funded research into more efficient renewable energy? Would that be better then a subsidy for folks who put in a wind turbine, exactly the same, or worse? Why?
Spain subsidized it wind power industry for year. The interior of Spain is windy, open and dry - it bankrupted Spain.
You could make a similar case for oil and the US, of course...
We subsidize oil companies to the tune of billions of dollars a year - probably hundreds of billions if you count indirect subsidies such as roads, ag subsidies that encourage oil-intensive farming, and wars - yet the record high gas prices in 2008 contributed to the crash of the economy while oil companies stuck their middle fingers up at taxpayers and happily raked in record profits.
Nuclear plants aren't really known for being cost effective either, and coal's estimated cost to the economy thanks to pollution-related health care costs and other factors is more than twice what we actually pay.
Energy subsidies are pretty much a losing proposition for tax payers whatever it is we're subsidizing.
I suppose that the ultimate answer for all of this is for those who think that oil, nuclear, coal and natural gas are evil and that humans are destroying the Earth to drastically reduce the number of humans.
Wind power works when the wind is blowing. Solar power works where the sun shines consistently. Neither is an uninterrupted source of power. The wind mills of the Netherlands are backed up by conventional power plants.
As for the specious oil diatribe, that is nothing more than the typical silliness continuously vomited up by those living in the comfort of the west. No poor country could afford to be so stupid about its natural resources. They dig their coal and drill their oil. We reward idiots who would force us all to freeze hungry in the dark.
However the wind tends to blow more when the demand for electricity is higher.
Solar power doesn't depend on sunshine either, though it obviously provides more power when the sun shines brightly, it still works on a dull and overcast day.
But why does the argument always seem to be about one form of power generation? What's wrong with wind generation in windy areas, solar in sunnier areas, tidal power where there are tides.
Sure, back it up with conventional power plants, but with the emphasis on back up.
Thanks, John. I agree. I'm not arguing that oil, coal, nuclear, etc. should be phased out entirely - certainly not anytime soon - but given that they are based on finite resources with some pretty serious effects on the environment and human health (even if you don't believe in AGW), I think it is extremely stupid not to pursue cleaner renewable technologies wherever possible.
As a resident of the Great Plains, which has excellent sun and wind resources without a huge population, my motives are also selfish - with the improved technologies that have been developed in recent years, I would love to see my region become energy independent... and if some of the promising technologies still in development pan out, we could even be the next Saudi Arabia!
Coal gave way to oil and oil will give way to the next superior alternative. That alternative has not yet materialized though fuel cells look good. It was not government planners, centralized authority in a distant capital that decided when coal should yield to oil it was the market place. If we are to find the next leap in energy production I doubt it will ever come from a government source.
Actually we've been subsidizing oil and gas production to one degree or another since 1916.
"If we are to find the next leap in energy production I doubt it will ever come from a government source."
I'm a little curious what your logic for this is given that at least one supposed "next generation" energy source - nuclear - wouldn't even exist without government investment and subsidies, and coal is pretty much the only current major energy source that didn't depend on significant government aid to pass into widespread use. (I guess you could make a case for hydroelectric, too, since it's been used on a small scale for centuries, but the large scale hydroelectric dams capable of powering whole regions are, oops, government again.)
Coal has not actually given way to oil. Coal is best for fixed facilities, and coal-powered cars. Oil is best for mobile applications.
Because, the emphasis has been placed on fully replacing hydro-carbons based energy as if they are magically tainted. The fantasy is that all these low density power sources are sufficient to provide power to modern society. No where near enough. All the low density, intermittent sources could supplement high density, steady flow power sources such as coal, nature gas, nuclear or hydrodynamic.
Though not unreasonable to use as supplementary power the energy, materials and capital needed to create a full power grid of "green" sources would be prohibitively expensive and very, very dirty.
I'm tired of Evan posting all these pro-Obama threads. Let's botcot him.........
I very small bed, one just big enough for your bottom
See, I'd have said a place for your droid to sleep...
Not even close. It's a little bed for robots. It's also the letter next to the "Y" me and my cursed stubby fingers.......
Unfortunately it reminds me of a town that I used to live near.
A huge wind turbine was built on the edge of town and as an example of output, the builders said that it would produce enough electricity to supply half the towns needs.
The local newspapers were inundated with letters from people demanding to know which half of the town would be supplied and what was that half expected to do when there was no wind!
Like a stock portfolio, energy sources should be diversified.
That's how it works here in CA and they manage the intermittant nature of certain powers just fine.
Cross-state or cross-region cooperation is also important. If the midwest has wind and CA has solar, each can put in and draw from different sources depending on their demand.
It's not a future thing. It's happening already.
Really, don't you still have periodic summer brown outs. Remember the rotating black outs? As the rest of the nation is compelled by federal regulation to cut energy production who do you think spoiled, silly, delusional Californians will be able to buy surplus energy from?
Barry wants to bankrupt electrical facilities powered by coal - he said as much. It is just a matter of time - if we are forced to live in the perfect green liberal world - before we are all hungry, cold and naked in the dark.
Look around you, check you closet and your pantry and tell me something that made it into your home with out oil.
The people commenting here are very well intentioned, but until you understand what is being subsidized and how it is being subsidized and what the benefits are... well then you are just ignorant.
It's just more of the Government Propaganda machine trying to get the masses all worked up as a distraction so they can continue to borrow, tax, and spend. And it's both sides doing the damage. If you think for a minute it's just the Democrats you are clearly wrong. Under Obama's Budget the National Debt is projected to grow to $27 TRILLION over the next decade, under the Republican "Plan" $23 TRILLION. The difference is the Republicans want to steal the Social Security benefits from the people that paid into the program all these years.
============ TIME TO EDUCATE YOURSELF READ BELOW ==============
Exxon recently released its first quarter results for 2011. The number grabbing the headlines was Exxon's profit: $10.65 billion in a single quarter. The number not given quite as much exposure was the taxes it paid in that same quarter: $8 billion, or 42% of income before taxes.
And what does Exxon do with all that money it has left after paying $8 B in taxes? It put $7.8 billion into capital and exploration, as part of its plans "to invest between $33 billion and $37 billion per year over the next five years to develop new energy supplies."
In any other industry, that would be called "research and development." Exxon is plowing 73% of its after-tax profits back into R&D. Who would be better at spending $4 billion of energy companies' earnings in an attempt to provide our energy in the future: the energy companies or Obama's energy czar?
http://www.americanthinker.com/2011/05/ … idies.html
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