"...doing just fine on their own."

[8537]

I just said I know fossil fuels are a finite resource.

But to discourage production while your infrastructure still depends on it, and will depend on it for the next few decades as its primary energy source, is irresponsible.

Discouraging production? There's quite a chasm between ending a subsidy and "discouraging production".

Opinion

So it's your "opinion" that anything we don't subsidize, we discourage?

 

[Samson]

Discouraging production? There's quite a chasm between ending a subsidy and "discouraging production".

Opinion

So it's your "opinion" that anything we don't subsidize, we discourage?

Its my opinion that you cannot defend your arguement with anything but semantical aguements.

 

[driveby]

Has this President not learned anything about the petroleum industry during his two years in office? Evidently not. For him to make such a blatanly ignorant comment during his State of the Union speech is not only irresponsible, but it sends a very wrong message to America.

"I'm asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies."

What gives?

Tax preference items? Accelerated depreciation? Depletion? Amortization? Intangible costs?

Oh yeah- he's referring to the myriad of provisions that have been a part of the tax code for decades, all of which are afforded other industries who are doing even "finer" than oil and gas concerns.

I'm absolutely dumbfounded by this guy's short-sighted whimsical jabs, singling out the most critically vital industry in our nation - one that employs over 9 million people and contributes nearly 8% of the GDP.

Did you watch the streaming approval chart when Obamasturbator made these comments?
Democrats had an orgasm. Republicans pissed their pants.

And what would be the fruits of eliminating "the billions in taxpayer dollars we currently give to oil companies"? Would oil imports drop? Fuck no! Domestic production will drop, imports will go up.

If The 'Bator is looking for money, let him start with Agriculture, Investment Banking, Pharmeceuticals, Telecoms, etc. etc. - you know- the industries that reap even more billions in taxpayer dollars.

The first ten seconds says it all.....

"Electric Cars Are Gay" - First Trailer For Ron Howad's THE DILEMMA Video

 

[Synthaholic]

Further reliance on corn will further increase the cost of food. Period.

 

[8537]

Opinion

So it's your "opinion" that anything we don't subsidize, we discourage?

Its my opinion that you cannot defend your arguement with anything but semantical aguements.

I'm not the one arguing that failing to subsidize = discouraging production. That would be you.

Seems A&M education's have not improved

 

[CoolBreeze]

Guess what, the oils companies are not Seiu or General Electric so they don't deserve any of the federal tax breaks. We wouldn't have to put up with such idiotic crap if we were under the Fair Tax system.

 

[30x90]

Although the "Greenies" find oil offensive, our economy runs on oil; like it or not. There is no switch to be flipped where miraculously we go from oil to windmills overnight. Get real.

No one said "overnite".

I read a while back that when you take everything into consideration, like a massive military in the Middle East to protect the flow of oil, the subsidized cost of a gallon of gas is over $15.

I would rather that be put into green energy.

Meanwhile emerging countries like China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives" and as they continue to "accelerate" while we continue to "regulate" they have passed us by.

Ideology is trumped by reality.

 

[8537]

Although the "Greenies" find oil offensive, our economy runs on oil; like it or not. There is no switch to be flipped where miraculously we go from oil to windmills overnight. Get real.

No one said "overnite".

I read a while back that when you take everything into consideration, like a massive military in the Middle East to protect the flow of oil, the subsidized cost of a gallon of gas is over $15.

I would rather that be put into green energy.

Meanwhile emerging countries like China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives" and as they continue to "accelerate" while we continue to "regulate" they have passed us by.

Ideology is trumped by reality.

Don't tell China!
China Leading Global Race to Make Clean Energy

 

[30x90]

No one said "overnite".

I read a while back that when you take everything into consideration, like a massive military in the Middle East to protect the flow of oil, the subsidized cost of a gallon of gas is over $15.

I would rather that be put into green energy.

Meanwhile emerging countries like China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives" and as they continue to "accelerate" while we continue to "regulate" they have passed us by.

Ideology is trumped by reality.

Don't tell China!
China Leading Global Race to Make Clean Energy

Here's a clip from your source.
"Total power generation in China is on track to pass the United States in 2012 — and most of the added capacity will still be from coal.
China intends for wind, solar and biomass energy to represent 8 percent of its electricity generation capacity by 2020. That compares with less than 4 percent now in China and the United States. Coal will still represent two-thirds of China’s capacity in 2020, and nuclear and hydropower most of the rest. "

Have they stopped drilling/importing oil? No.
They will continue to use oil for many, many years to come.

 

[8537]

Meanwhile emerging countries like China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives" and as they continue to "accelerate" while we continue to "regulate" they have passed us by.

Ideology is trumped by reality.

Don't tell China!
China Leading Global Race to Make Clean Energy

Here's a clip from your source.
"Total power generation in China is on track to pass the United States in 2012 — and most of the added capacity will still be from coal.
China intends for wind, solar and biomass energy to represent 8 percent of its electricity generation capacity by 2020. That compares with less than 4 percent now in China and the United States. Coal will still represent two-thirds of China’s capacity in 2020, and nuclear and hydropower most of the rest. "

Have they stopped drilling/importing oil? No.
They will continue to use oil for many, many years to come.

So, thank you for demonstrating that this claim:
"China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives"

iis complete bullshit. In fact, they are paying MORE attention than the US and other European countries.

 

[30x90]

Don't tell China!
China Leading Global Race to Make Clean Energy

Here's a clip from your source.
"Total power generation in China is on track to pass the United States in 2012 — and most of the added capacity will still be from coal.
China intends for wind, solar and biomass energy to represent 8 percent of its electricity generation capacity by 2020. That compares with less than 4 percent now in China and the United States. Coal will still represent two-thirds of China’s capacity in 2020, and nuclear and hydropower most of the rest. "

Have they stopped drilling/importing oil? No.
They will continue to use oil for many, many years to come.

So, thank you for demonstrating that this claim:
"China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives"

iis complete bullshit. In fact, they are paying MORE attention than the US and other European countries.

"bullshit", huh? How erudite!

..stay classy, pal.

Some newspaper claims that "China INTENDS to...."
etc..etc.. and that's the entire basis for your premise? Whatever china "says", you automatically accept as truth?

... with a population of over 1 billion, having 8% of electricity generated (10 years from now ) by windmills or whatever is still negligible.
The fact remains that, despite what the NY Times alleges, oil will run china (and other emerging countries) for many years to come.

 

[8537]

Here's a clip from your source.
"Total power generation in China is on track to pass the United States in 2012 — and most of the added capacity will still be from coal.
China intends for wind, solar and biomass energy to represent 8 percent of its electricity generation capacity by 2020. That compares with less than 4 percent now in China and the United States. Coal will still represent two-thirds of China’s capacity in 2020, and nuclear and hydropower most of the rest. "

Have they stopped drilling/importing oil? No.
They will continue to use oil for many, many years to come.

So, thank you for demonstrating that this claim:
"China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives"

iis complete bullshit. In fact, they are paying MORE attention than the US and other European countries.

"bullshit", huh? How erudite!

..stay classy, pal.

Some newspaper claims that "China INTENDS to...."
etc..etc.. and that's the entire basis for your premise? Whatever china "says", you automatically accept as truth?

... with a population of over 1 billion, having 8% of electricity generated (10 years from now ) by windmills or whatever is still negligible.
The fact remains that, despite what the NY Times alleges, oil will run china (and other emerging countries) for many years to come.

Nobody denied that oil will run China and other emerging countries...and the US... for many years to come. What is being challenged is the claim that China is paying no attention to alternatives - when in fact, China is investing far more in those alternatives than the US.

 

[30x90]

So, thank you for demonstrating that this claim:
"China, India, etc continue to run on oil...and they will pay NO attention to "green alternatives"

iis complete bullshit. In fact, they are paying MORE attention than the US and other European countries.

"bullshit", huh? How erudite!

..stay classy, pal.

Some newspaper claims that "China INTENDS to...."
etc..etc.. and that's the entire basis for your premise? Whatever china "says", you automatically accept as truth?

... with a population of over 1 billion, having 8% of electricity generated (10 years from now ) by windmills or whatever is still negligible.
The fact remains that, despite what the NY Times alleges, oil will run china (and other emerging countries) for many years to come.

Nobody denied that oil will run China and other emerging countries...and the US... for many years to come. What is being challenged is the claim that China is paying no attention to alternatives - when in fact, China is investing far more in those alternatives than the US.

Ok. I acknowledge that I did say they will "pay no attention to green alternatives"..and that statement is incorrect.

They will pay very little attention... they put economics and the well being of their country ahead of ecology or the well being of their individual citizens...

 

[Mr. H.]

Effective tax rates, in percentages, averaged over 2005-2009

Industrial and Heavy Machinery

Siemens, Germany: 29
United Technologies, U.S.: 27.5
Caterpillar, U.S.: 24.7
Hyundai Heavy Industries, South Korea: 24.2
General Electric, U.S.: 11.5

Pharmaceuticals

AstraZeneca, Britain: 29.5
Johnson & Johnson, U.S.: 22.8
Bayer, Germany: 20
Pfizer, U.S.: 18.7
Sanofi-Aventis, France: 18.2
Technology

SAP, Germany: 31
Apple, U.S.: 28.5
Microsoft, U.S.: 26.7
Nokia, Finland: 23.9
Cisco Systems, U.S.: 21.6

Financial Services*

Wells Fargo, U.S.: 30.9
Royal Bank of Canada, Canada: 24.7
Bank of America, U.S.: 24.7
Deutsche Bank, Germany: 24.2
HSBC, Britain: 20.6

Retailers

Gap, U.S.: 38.6
Home Depot, U.S.: 36.7
Costco, U.S.: 36.3
Carrefour, France: 32
Inditex, Spain: 23.5

Energy

Chevron, U.S.: 43.9
ExxonMobil, U.S.: 41.7
BP, Britain: 33.8
Petrobras, Brazil: 30.2
Petrochina, China: 24.7From Bloomberg Businessweek

1/24 - 1/30/2011

 

[Mr. H.]

Here's a response from one industry association:

Entire story here:

IPAA Washington Report - 01/27/2011


"The federal tax code has for decades addressed the ordinary and necessary expenditures associated with oil and natural gas development and provided a stable framework to encourage these common sense investments, aimed at increasing supplies of American energy and job creation here at home," said Vincent. "The President’s massive tax hike proposal – which was soundly rejected by Democrats and Republicans on Capitol Hill last Congress – would cripple our industry’s ability to compete, leaving struggling American consumers more vulnerable to unstable energy prices at the pump and in their homes, and deepening our nation’s dependence on often unfriendly region’s of the world to fuel our economy, which will further worsen our balance of trade."


“While we are encouraged that the President underscored the critical and growing role that American natural gas resources continue to play in our energy future, a basic disconnect exists. By and large, American independent natural gas producers are also America’s oil producers. As such, raising taxes on our industry – putting the government, not the free enterprise system, in our energy economy’s driver seat – will undercut the production of clean-burning natural gas, and the tens of thousands of jobs associated with this production. Not only would this move devastate small oil and gas producers, but the damaging effects will ripple through the entire U.S. economy – hitting the oil and gas service and supply companies, as well as the entire manufacturing base due to an increase in energy and feedstock costs, consequences that damage America’s ability to compete in the world economy.”

 

[Samson]

So it's your "opinion" that anything we don't subsidize, we discourage?

Its my opinion that you cannot defend your arguement with anything but semantical aguements.

I'm not the one arguing that failing to subsidize = discouraging production. That would be you.

Seems A&M education's have not improved

Do you know exactly what you are arguing?

 

[Gadawg73]

What the fuck. Who gives the Republican response? Paul Ryan from Wisconsin?

Wisconsin? The land of lakes and cow teats.

Not ONCE did he use the word oil, or petroleum, or natural gas. He didn't even address the issue.

What's happened to the Republican party.

They are the moral police and are skeered shitless and answer to Rush and Sean.
As a lifelong Republican that has been in the trenches for 35 years, the young Republicans these days are ideological groupies and wimps.

 

[Gadawg73]

Corporations do not pay taxes. PEOPLE pay taxes.
All a corporation does is collect the taxes as a COGS and passes it on. A corporation is an entity with stock holders that are primarily ordinary citizens.
Lower all taxes and the economy prospers.

 

[8537]

Its my opinion that you cannot defend your arguement with anything but semantical aguements.

I'm not the one arguing that failing to subsidize = discouraging production. That would be you.

Seems A&M education's have not improved

Do you know exactly what you are arguing?

Yes, and I'm also recalling how difficult it is for an Aggie to follow a conversation.

 

[Mr. H.]

RIGZONE - Better than Delivering Pizzas: Marcellus Offers New Opportunities

It takes more than 150 types of jobs to drill one well, according to a June 2009 study by Penn College.

This is job creation. This is an industry "doing something for their country" as Obama recently admonished the Chamber of Commerce.

But wait- here comes his budget. Including over $40 billion in taxes on one of the few industries in this country that is booming - creating jobs, generating revenues, fattening treasuries with taxes and fees, and producing *gasp* American energy.

When did real money turn from green to red?