Turn Off the Oil Subsidy Spigot

Discussion in 'Economy' started by JBeukema, Jul 7, 2010.

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  1. JBeukema
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    JBeukema BANNED

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    Turn Off the Oil Subsidy Spigot
     
  2. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    I heard about this. I agree with you, get rid of the subsidies. I think I heard it was $45 billion and it's too much to be going to big oil.
     
  3. editec
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    editec Mr. Forgot-it-All

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    What exactly are they talking about when they say subsidies?

    A link to the legislation that was defeated would be useful.

    Because without that we really cannot tell what exactly these "sudsides" really are.


    This is what CLEANTECH organization has to say about "subsidies"


    source

    Seems to me that at least some of these "sudsidies" aren't susidies at all.

    For example are:
    really susidies to the oil companies?

    Other things definitely DO seem to a gift to the oil companies, however. Like these:
    One thing seems obvious to me.

    The oil companies aren't empoverished start up companies.

    The certainly ought to be able to write off the legitimate costs of exploration and production of oil.

    But they certainly make more than enough money to pay the same kind of costs associated with their business that the REST OF US PAY to keep our businesses going.
     
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  4. sparky
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    sparky VIP Member

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    isn't the pentagon BP's biggest customer already?

    ~S~
     
  5. topspin
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    topspin BANNED

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    I agree who needs cheap energy anyway, shit you should all be paying $6 gallon. Oh wait!!
     
  6. editec
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    editec Mr. Forgot-it-All

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    Legitmate expenses oil companies ought to be able to write off.

    What are these subsidies that they want to end?

    DETAILS, please.
     
  7. topspin
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    topspin BANNED

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    ever heard of passed on to the consumer
     
  8. JBeukema
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    JBeukema BANNED

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    So the only costs they should have to pay themselves is the money spent on transport? The US taxpayer should pay for them to produce oil we then buy form them on the world market? :cuckoo:

    They make enough to pay their own way. Two words: record profits. If we pay their costs, then we we get the oil for free and we keep the profits from foreign sales. If we're paying for it, that makes it our company. Either nationalize it and let those who pay for it keep the profits from our damned capital or, better yet, let them pay their own way from their own record profits like it should be in a capitalist system.
     
    Last edited: Jul 7, 2010
  9. JBeukema
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    So we should pay all their bills for them and then pay them for the products they produce using our money? Socialize the cost and the risk and privatize the profits, eh?
     
  10. editec
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    editec Mr. Forgot-it-All

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    You are entirely misconstruing what I've written, I think.

    The word SUBSIDY here is not clearly defined.

    Obviously every business writes off legitimate expenses. I have no problem with that

    Subsidies are NOT legitimate expenses.

    Subsidies in this case would amount to corporate welfare.

    Hence my request for DETAILS about what they mean by sudsidies.

    We are being asked to judge something here with virtually NO information.
     
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