There are lies, more lies, and then there is the data. Keep telling the hurting middleclass and poor, that they arent really hurting.

[Smokin' OP]

Thanks for the link.

US fossil fuel production is subsidized to the tune of $20 billion annually​

OMG! That's awful!

OCI is only counting direct production subsidies. As they acknowledge, that leaves out a great deal.

AD

For one thing, it leaves out the annual $14.5 billion in consumption subsidies — things like the Low Income Home Energy Assistance Program (LIHEAP), which helps lower-income residents pay their (fuel oil) heating bills. (There are better ways to help poor people, but let’s leave that aside for now.)
Umm....you're mad that the government helps poor people not freeze to death in the winter and somehow that's a subsidy for fossil fuels? Hilarious!!!

LIHEAP pays cash grants to recipients through various governments.

Thanks for the link.

US fossil fuel production is subsidized to the tune of $20 billion annually​

OMG! That's awful!

On top of record profits.

Big Oil doubles profits in blockbuster 2022​

Reuters
https://www.reuters.com › business › energy › big-oil-d...
Feb 8, 2023 — LONDON, Feb 8 (Reuters) - Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile ...

World's largest oil companies have made $281bn profit ...​

The Guardian
https://www.theguardian.com › business › feb › worlds-...
Feb 18, 2024 — The “super-majors” – BP, Shell, Chevron, ExxonMobil and TotalEnergies – have made $281bn (£223bn) since the war began in February 2022, ...

But teabaggers blame the "gubmint" for fuel prices.

OCI is only counting direct production subsidies. As they acknowledge, that leaves out a great deal.

AD

For one thing, it leaves out the annual $14.5 billion in consumption subsidies — things like the Low Income Home Energy Assistance Program (LIHEAP), which helps lower-income residents pay their (fuel oil) heating bills. (There are better ways to help poor people, but let’s leave that aside for now.)
Umm....you're mad that the government helps poor people not freeze to death in the winter and somehow that's a subsidy for fossil fuels? Hilarious!!!

Most significantly, OCI’s analysis leaves out indirect subsidies — things like the money the US military spends to protect oil shipping routes,

Umm....that's not a subsidy for US fossil fuel production.

Yes, it is........
It's THEIR oil, using government $$$ to protect THEIR oil?

Just like Trump did.

Trump Sending U.S. Troops To Middle East After Attack On ...​

NPR
https://www.npr.org › 2019/09/20 › trump-sends-troop...
Sep 20, 2019 — The Pentagon provided few details on the deployment. The announcement appears to indicate that the president has not made a decision about ...

or the unpaid costs of health and climate impacts from burning fossil fuels.

Oh, so now we're just pulling numbers out of our asses and calling it a subsidy?

View attachment 945215

1) All corporations get to deduct their expenses.
2) Natural resources all use depletion.
3) MLP holders pay taxes on their earnings.
4) Any corporation can use LIFO accounting
5) Huh?
6) OK

 

[Toddsterpatriot]

LIHEAP pays cash grants to recipients through various governments.

On top of record profits.

Big Oil doubles profits in blockbuster 2022​

View attachment 945684
Reuters
https://www.reuters.com › business › energy › big-oil-d...
Feb 8, 2023 — LONDON, Feb 8 (Reuters) - Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile ...

World's largest oil companies have made $281bn profit ...​

View attachment 945686
The Guardian
https://www.theguardian.com › business › feb › worlds-...
Feb 18, 2024 — The “super-majors” – BP, Shell, Chevron, ExxonMobil and TotalEnergies – have made $281bn (£223bn) since the war began in February 2022, ...

But teabaggers blame the "gubmint" for fuel prices.





Yes, it is........
It's THEIR oil, using government $$$ to protect THEIR oil?

Just like Trump did.

Trump Sending U.S. Troops To Middle East After Attack On ...​

View attachment 945689
NPR
https://www.npr.org › 2019/09/20 › trump-sends-troop...
Sep 20, 2019 — The Pentagon provided few details on the deployment. The announcement appears to indicate that the president has not made a decision about ...

LIHEAP pays cash grants to recipients through various governments.

I know, keeping poor people warm in winter....just awful!

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile ...

Moronic leftist attacks on oil didn't eliminate it and make it cheaper?
That's very sad.

It's THEIR oil, using government $$$ to protect THEIR oil?

That's awful! The US Navy should only protect oil from foreign producers. DURR

 

[Woodznutz]

Does that solution apply to Government too?

It should but it seems that nothing is too expensive for them.

 

[Smokin' OP]

LIHEAP pays cash grants to recipients through various governments.

I know, keeping poor people warm in winter....just awful!

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile ...

Moronic leftist attacks on oil didn't eliminate it and make it cheaper?
That's very sad.

Teabaggers would reward them by giving them MORE tax cuts.

It's THEIR oil, using government $$$ to protect THEIR oil?

That's awful! The US Navy should only protect oil from foreign producers. DURR

Trump Orders Troops and Weapons to Saudi Arabia in ...​

The New York Times
https://www.nytimes.com › World › Middle East
Oct 11, 2019 — The announcement came five days after Mr. Trump said his desire to end America's “endless wars” led him to pull back troops from the ...

 

[Andylusion]

Through oil company tax breaks.

Of course you would, let people freeze, except Cancun Cruz.

No.

So, you just admitted openly that you support subsidizing the oil industry, and I don't.
So, there you go. You condemned yourself. You support subsidies for oil companies, and I don't.

 

[Toddsterpatriot]

Teabaggers would reward them by giving them MORE tax cuts.

Trump Orders Troops and Weapons to Saudi Arabia in ...​

View attachment 945845
The New York Times
https://www.nytimes.com › World › Middle East
Oct 11, 2019 — The announcement came five days after Mr. Trump said his desire to end America's “endless wars” led him to pull back troops from the ...

Saudi Arabia has what to do with libtards whining about domestic production?

 

[Smokin' OP]

So, you just admitted openly that you support subsidizing the oil industry, and I don't.

Disagree.

So, there you go. You condemned yourself. You support subsidies for oil companies, and I don't.

Disagree.

If a person gets food stamps, they are subsidizing big agriculture?

 

[Smokin' OP]

Saudi Arabia has what to do with libtards whining about domestic production?

NOTHING, because we aren't.

 

[Toddsterpatriot]

NOTHING, because we aren't.

That's all you twats do.

 

[Toddsterpatriot]

If a person gets food stamps, they are subsidizing big agriculture?

No.

 

[Smokin' OP]

That's all you twats do.

Sure, Q-NUT.

EIA Confirms Historic U.S. Oil Production Record​

Forbes
https://www.forbes.com › Business › Energy

Mar 12, 2024 — “The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official ...

 

[Toddsterpatriot]

Sure, Q-NUT.

EIA Confirms Historic U.S. Oil Production Record​

View attachment 946228
Forbes
https://www.forbes.com › Business › Energy

Mar 12, 2024 — “The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official ...

Did you ever find anything Biden did, specifically, to increase US production?
Does threatening to tax them more incentivize domestic production?'
What about threatening to jail their officers?
Ending the Keystone XL pipeline?
Anything?

 

[Smokin' OP]

Did you ever find anything Biden did, specifically, to increase US production?

He didn't have to.
The federal government only controls 10% of the land and water, oil companies use for drilling.

Does threatening to tax them more incentivize domestic production?'

Didn't seem to make them stop.

Oil companies offer $382M for drilling rights in Gulf of ...​

AP News
https://apnews.com › article › gulf-oil-offshore-drilling-...
Dec 20, 2023 — ... Biden administration's plans to scale back the sale to protect an endangered whale species. (AP Photo/LM Otero, file). Read More. President ...

What about threatening to jail their officers?

WTF?

Ending the Keystone XL pipeline?

The pipeline, not one drop of oil, has run through?

Anything?

 

[Toddsterpatriot]

He didn't have to.
The federal government only controls 10% of the land and water, oil companies use for drilling.

Didn't seem to make them stop.

Oil companies offer $382M for drilling rights in Gulf of ...​

View attachment 946230
AP News
https://apnews.com › article › gulf-oil-offshore-drilling-...
Dec 20, 2023 — ... Biden administration's plans to scale back the sale to protect an endangered whale species. (AP Photo/LM Otero, file). Read More. President ...

WTF?

The pipeline, not one drop of oil, has run through?

He didn't have to.

He deserves less than 10% of the credit?

Didn't seem to make them stop.

Didn't seem to make them invest or drill as much as Biden said he wanted either.

Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species.

Biden tried to stop drilling? Say it isn't so!!!

The pipeline, not one drop of oil, has run through?

The pipeline that was delayed for years by Obama and that millions had already been spent on? Yes.

 

[Care4all]

He didn't have to.

He deserves less than 10% of the credit?

Didn't seem to make them stop.

Didn't seem to make them invest or drill as much as Biden said he wanted either.

Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species.

Biden tried to stop drilling? Say it isn't so!!!

The pipeline, not one drop of oil, has run through?

The pipeline that was delayed for years by Obama and that millions had already been spent on? Yes.

Not a drop of that oil was stopped though... They simply continued using rail and tankers to deliver it to refineries.

 

[Toddsterpatriot]

Not a drop of that oil was stopped though... They simply continued using rail and tankers to deliver it to refineries.

Right. Making it harder to move the oil makes it more expensive for the consumer
and reduces potential supply.

 

[Care4all]

Right. Making it harder to move the oil makes it more expensive for the consumer
and reduces potential supply.

Native American water reservoirs, were worth saving...potable drinking water is worth more than dirty sands oil you can save a penny on.

 

[Toddsterpatriot]

Native American water reservoirs, were worth saving...potable drinking water is worth more than dirty sands oil you can save a penny on.

Yeah, because moving oil by train is so much safer. LOL!

 

[Smokin' OP]

He didn't have to.

He deserves less than 10% of the credit?

Why would Biden deserve any?
All a president and their administration can do is offer an area.
They don't drill.

Didn't seem to make them stop.

Didn't seem to make them invest or drill as much as Biden said he wanted either.

That's their issue.

Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species.

Biden tried to stop drilling? Say it isn't so!!!

It isn't.

The pipeline, not one drop of oil, has run through?

The pipeline that was delayed for years by Obama and that millions had already been spent on? Yes.

So, how did that slow oil PRODUCTION?

 

[Smokin' OP]

Yeah, because moving oil by train is so much safer. LOL!

Keystone has three other pipelines to transport oil.

Cause found in Keystone Pipeline's massive oil leak​

ABC News - Breaking News, Latest News and Videos
https://abcnews.go.com › story
Feb 9, 2023 — A spill of more than 500,000-gallons of crude oil from the Keystone Pipeline in December in Kansas was caused by a combination of a faulty weld ...