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GasBuddy News Article

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Oil, wind subsidies on the chopping block in U.S.

Smart Planet -- Election year posturing in Washington has the parties locked into competing energy policy priorities with President Obama favoring a multi-billion dollar reduction in oil subsidies and Congressional Republicans content to allow wind energy tax credits expire.

Obama would shift monies from fossil fuels to support renewable energy and conservation programs. The budget proposes cutting more than US$40 billion in oil, coal, and natural gas subsidies. Funds would transfer to raise alternative energy and energy efficiency spending by 25 percent.

Department of Energy research to discover safer ways to obtain natural gas from shale formations would receive more support. Other focus areas include carbon capture, pipeline safety, and more funding for nuclear safety.


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Submitted Feb 19, 2012 By: pzini
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil, wind subsidies on the chopping block in U.S. Back to Topics
REPLIES (newest first) Post a Reply
Gnusman53
Champion Author San Diego

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Message Posted: Feb 21, 2012 7:46:04 PM

Seems the Salemite still like his witchhunts...and facts be damned...... or to quote Johnny Carson..."Wrong again, bacon breath" (grin)....

[Edited by: Gnusman53 at 2/21/2012 7:48:00 PM EST]
Gnusman53
Champion Author San Diego

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Message Posted: Feb 21, 2012 7:45:17 PM

Well said orphancarguy.
Amplion
Champion Author Oregon

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Message Posted: Feb 20, 2012 4:43:35 AM

END ALL SUBSIDIES !!!!
rocky23hy
Champion Author Massachusetts

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Message Posted: Feb 19, 2012 10:19:50 PM

Let them compete the American way. Get the government out.
drpepperTX
Champion Author Texas

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Message Posted: Feb 19, 2012 7:41:40 PM

Leave it to an outfit like Smart Planet to confuse subsidy with tax break.
bullman68
All-Star Author St. Louis

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Message Posted: Feb 19, 2012 6:56:24 PM

Oil can stand on it's own.
MidNJ
Champion Author New Jersey

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Message Posted: Feb 19, 2012 6:28:14 PM


From the article; "The budget proposes cutting more than US$40 billion in oil, coal, and natural gas subsidies."

=========================

It is about time that we stop giving the oil and gas companies our tax money!
Van_Halen
Champion Author Atlanta

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Message Posted: Feb 19, 2012 5:00:23 PM

.
End ALL subsidies and end them now. They are a waste of Tax Payer dollars, period!
orphancarguyPE
Champion Author PEI

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Message Posted: Feb 19, 2012 3:12:52 PM

A compelling argument on why there should be subsidies on various alternatives to what we have now ahead of when they are needed is contained within this mini essay, almost as an after thought as a throw away line. This also has answers to many other issues and current questions, BESIDES the idea of 'peak oil'
http://physics.ucsd.edu/do-the-math/2011/11/peak-oil-perspective/

An interesting analysis of cost/benefit/opportunity/drawbacks for all sources of energy, alternative AND conventional in contained in this matrix.
http://physics.ucsd.edu/do-the-math/2012/02/the-alternative-energy-matrix/

CVA19
Champion Author Salem

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Message Posted: Feb 19, 2012 2:45:30 PM

Gnusman, I'm sure you were spouting off that high gas prices were Bush's fault in 2008.

And there are just as many democrats (if not more, especially your beloved Senators from California, and the former House Speaker) that are in "bed" with corporate interests and speculators.

Get off your high horse--for once.

Oil and wind subsidies should disappear...

But, don't stop there... All energy subsidies, grants, loan guarantees, tax credits, and tax rebates need to eliminated.
playtimeCLE
Champion Author Cleveland

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Message Posted: Feb 19, 2012 2:10:41 PM

At the end of the day, subsidies & tax breaks both leave less money in the governments "care" for the use of the people. This country has been in debt sense FDR was president. I just can't see how either party has done anything about it sense then. Can you?
Norm10
Champion Author British Columbia

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Message Posted: Feb 19, 2012 12:36:59 PM

I would hope so!
md11capt
Champion Author Denver

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Message Posted: Feb 19, 2012 12:23:54 PM

Gnusman you expect too much from clowns and no-nothings. All they know greed, greed, greed.
drpepperTX
Champion Author Texas

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Message Posted: Feb 19, 2012 12:00:13 PM

Absolutely correct again doeslayersr.

If Obama and the Dems really wanted to do something they could impress on the Fed to quit printing money and devaluing the dollar and they could suspend the federal gas tax. They are in control and have been since 2006.
Gnusman53
Champion Author San Diego

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Message Posted: Feb 19, 2012 10:28:10 AM

After all...the GOP loves high gas prices so they can blame Obama while their "patrons" (another word may be political "johns") make billions off what taxpayers have to pay at the pump.

If the GOP was really interested in lowering gas prices...they would have restricted outside groups, firms and companies from speculating on oil.

So every vote for the GOP is a vote for high gas prices......and high corporate profits....... while financially castrating consumer buying power.
Gnusman53
Champion Author San Diego

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Message Posted: Feb 19, 2012 10:19:12 AM

So many wrongheads spouting again on this one...especially doeslayer's specious claim...

Facts can be your friends guys.....leave fantasyland...you might like it (grin)

[Edited by: Gnusman53 at 2/19/2012 10:22:28 AM EST]
MontanaMac
Champion Author Washington

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Message Posted: Feb 19, 2012 10:15:31 AM

Doeslayersr is right on yhis one.
paguy2012
Sophomore Author Pennsylvania

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Message Posted: Feb 19, 2012 10:06:48 AM

finally but will never happen
fowlcan
Champion Author Oklahoma City

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Message Posted: Feb 19, 2012 9:43:02 AM

The funds should stop! It is time too let it work or move on.
doeslayersr
Champion Author Illinois

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Message Posted: Feb 19, 2012 9:36:45 AM

Good. All true subsidies and rebates need to end. Let the product/service survive or not on its own merit and feasibility.

However, the article is wrong (not a surprise when you consider the source) as the oil industry is not subsidized and never has been. They use tax credits which are available to ALL companies, not just oil companies.

They do not received subsidies or humongous grants or tax payer secured loans like the so called "green" energy companies do.

[Edited by: doeslayersr at 2/19/2012 9:41:30 AM EST]
MN1
Champion Author Twin Cities

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Message Posted: Feb 19, 2012 9:27:39 AM

Ok
bar1035
Champion Author Charlotte

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Message Posted: Feb 19, 2012 9:25:47 AM

If we eliminate all subsidies then all users can pay for the product instead of just the golden 53% that pay taxes. Just a thought.

[Edited by: bar1035 at 2/19/2012 9:26:47 AM EST]
123cowboy
Champion Author Maine

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Message Posted: Feb 19, 2012 9:14:40 AM

grandpadon28110 is right on...
1momsunshine
Champion Author Ottawa

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Message Posted: Feb 19, 2012 9:01:14 AM

OK
wildddkattt80
Champion Author Phoenix

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Message Posted: Feb 19, 2012 8:57:56 AM

k
coughlin
Champion Author San Jose

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Message Posted: Feb 19, 2012 8:48:55 AM

Hydrogen!
grandpadon28110
Champion Author Charlotte

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Message Posted: Feb 19, 2012 8:47:34 AM

If it is viable private industry will make it work.
dorisntx
Champion Author Fort Worth

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Message Posted: Feb 19, 2012 8:39:18 AM

ok
YaBassa
Champion Author Michigan

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Message Posted: Feb 19, 2012 8:36:34 AM

Eliminate all subsidies to Big Oil and Gas.
1WI
All-Star Author Appleton

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Message Posted: Feb 19, 2012 8:29:47 AM

Okay
derKraut
Champion Author Ontario

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Message Posted: Feb 19, 2012 8:15:58 AM

Dump the subsidy on Ethanol before it hurts my car.
Luckylindy
Champion Author Milwaukee

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Message Posted: Feb 19, 2012 8:15:14 AM

When they say subsidies it sounds like the government is giving them tax dollars which isn't the case. All they did is reduce the tax rate. So the companies are paying less taxes, but are still paying them. Smoke and mirrors. Lets try less government and less taxes for all.
Rockyguitar
Champion Author Tampa

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Message Posted: Feb 19, 2012 8:14:51 AM

I'm not sure I agree with the term "subsidy." Tax insentives for exploration are different from direct handouts ala Solyndra.
Joeski1
Champion Author New Jersey

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Message Posted: Feb 19, 2012 8:06:34 AM

oil subsidies???

better get dr pep from Tx or doe killer on this.....

only renewables get subsidies according to the TX fossil fooler bible....
JamesCalvin
Champion Author Lancaster

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Message Posted: Feb 19, 2012 8:02:07 AM

Blow wind blow!
pscamp
Champion Author Ottawa

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Message Posted: Feb 19, 2012 7:50:55 AM

Yulp
jrs4125
Champion Author Indiana

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Message Posted: Feb 19, 2012 6:48:01 AM

Sounds like a good plan. That's reason enough for it to fail in the beltway.
NGC4565
Champion Author Reading

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Message Posted: Feb 19, 2012 6:14:21 AM

Nothing of substance here, just more election year posturing.
ReddevilNO
Champion Author New Orleans

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Message Posted: Feb 19, 2012 6:00:59 AM

Say What?
wendy1john32
Champion Author Los Angeles

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Message Posted: Feb 19, 2012 4:14:41 AM

We can't afford these subsidies for wind.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Feb 19, 2012 4:04:02 AM

Obama had better get his head out of the sand and start paying attention to what work and does not work. He should be supporting Natural Gas not some lame maybe or if stuff. While he is at it he should quit wasting money on trash like sloyndra and the others that have cost the taxpayers about 3 billion bucks.
Amplion
Champion Author Oregon

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Message Posted: Feb 19, 2012 3:22:58 AM

END ALL SUBSIDIES .......

OBOZO'S CRONIES HAVE ENOUGH OF OUR MONEY !!!!!
PuddinPal
Champion Author California

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Message Posted: Feb 19, 2012 3:20:17 AM

We should spend that money to go and get our own oil so we can quit buying it from the people that only want to kill us.
SilverDodge2000
Champion Author Spokane

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Message Posted: Feb 19, 2012 3:15:19 AM

Nobody, no group, no product should get subsidies.
Let the market stand on it's own value and worth as defined by
the people that need the product.

Bruno44
Champion Author Texas

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Message Posted: Feb 19, 2012 1:43:45 AM

Sounds like "smart planet' is a greenie company.
Vetteblu
Champion Author Denver

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Message Posted: Feb 19, 2012 1:36:05 AM

With all the bending over I'm doing, I should be a thin shadow soon.
bills299
Champion Author Atlanta

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Message Posted: Feb 19, 2012 1:17:56 AM

Wow!!!
SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 1:09:08 AM

---

INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES which should be ILLEGAL.

INVESTORS have moved BILLIONS of DOLLARS into OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH.

---
cloud23465
Champion Author Virginia Beach

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Message Posted: Feb 19, 2012 12:47:40 AM

I can't run my car on anything but gas. Most of america can't either. I can't afford a hybrid/electric car... they're way out of my price range... same for alot of americans... smart move obozo... like your grants for green companies that have gone out of bussines.
jetskijerry
Champion Author North Carolina

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Message Posted: Feb 19, 2012 12:46:35 AM

Our taxes are already close to the highest in the nation..
69Bonne
Champion Author Gary

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Message Posted: Feb 19, 2012 12:45:14 AM

There goes the entire wind industry. More loss of jobs and opportunities.
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