DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Oil, Subsidies, Profits and Taxes.. Suck a dong, liberals.

**pirinosa** · 04-05-2012, 04:00 PM

Really excellent article here by a Reagan Economist:

Oil and gas companies finance 10 percent of non-defense discretionary spending.

ExxonMobil (The biggest) paid $59 billion in U.S. taxes over the five years prior to 2010. They earned $40.5 billion in US profits.

On subsidies? The green energy fruits got 49 times what the "fossil" industry got.

Last year, the greenies got 68 percent of energy-related tax handouts.

Oil, Gas and Coal got 64 cents per MWh in "subsidies" Big Wind? They got $56.29 per megawatt hour.

BTW, many of the Big Oil "subsidies" are just depreciation write offs for invested dollars. They get a 6% scale.. Manufacturing comes in at 9%. Everybody gets a better deal than Big Oil.

Compare this article by Larry Kudlow to the NYT's whine about BIG OIL and their evil and greed.

A few things if I may, seven actually

Corporations don't pay taxes. Corporate taxes are a hidden consumption tax, so additional credits are a subsidy
Liberals are not the only ones opposed to subsidies (corporate welfare) It is in fact a central issue of the Libertarian platform
Lumping oil, gas and coal into one industry is a ruse. They are three different products, three different markets, with three different subsidy structures
Claiming it is ok to subsidize fossil fuel because renewables are also subsidized is like saying more of a bad thing is better.
Evil and greed are the stuffing of a straw man with the possible exception of a minority of nuts
Where does Nuclear and hydo electric fit into the equation?
"Per megawatt hour" is like comparing the storage capability of a Commodore 64 from 1980 to a blade server in 2012. Comparing an emerging technology to an established one is apples and oranges. In 1895. buggy whips outsold gasoline

End all federal subsidy and speculation to all energy and let the market decide the winners and losers. Lets see how eager ExxonMobile is to build the Keystone pipeline without taxpayers paying the bills. (YES, when corperations take tax credits, the tax burden is shifted)

04-05-2012, 04:00 PM	#9
pirinosa Join Date Oct 2005 Posts 444 Senior Member	Really excellent article here by a Reagan Economist: Oil and gas companies finance 10 percent of non-defense discretionary spending. ExxonMobil (The biggest) paid $59 billion in U.S. taxes over the five years prior to 2010. They earned $40.5 billion in US profits. On subsidies? The green energy fruits got 49 times what the "fossil" industry got. Last year, the greenies got 68 percent of energy-related tax handouts. Oil, Gas and Coal got 64 cents per MWh in "subsidies" Big Wind? They got $56.29 per megawatt hour. BTW, many of the Big Oil "subsidies" are just depreciation write offs for invested dollars. They get a 6% scale.. Manufacturing comes in at 9%. Everybody gets a better deal than Big Oil. Compare this article by Larry Kudlow to the NYT's whine about BIG OIL and their evil and greed. A few things if I may, seven actually Corporations don't pay taxes. Corporate taxes are a hidden consumption tax, so additional credits are a subsidy Liberals are not the only ones opposed to subsidies (corporate welfare) It is in fact a central issue of the Libertarian platform Lumping oil, gas and coal into one industry is a ruse. They are three different products, three different markets, with three different subsidy structures Claiming it is ok to subsidize fossil fuel because renewables are also subsidized is like saying more of a bad thing is better. Evil and greed are the stuffing of a straw man with the possible exception of a minority of nuts Where does Nuclear and hydo electric fit into the equation? "Per megawatt hour" is like comparing the storage capability of a Commodore 64 from 1980 to a blade server in 2012. Comparing an emerging technology to an established one is apples and oranges. In 1895. buggy whips outsold gasoline End all federal subsidy and speculation to all energy and let the market decide the winners and losers. Lets see how eager ExxonMobile is to build the Keystone pipeline without taxpayers paying the bills. (YES, when corperations take tax credits, the tax burden is shifted)
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