Lithium clay, now can be a major source for lithium, and make the US a primary supplier

[Old Rocks]

As long as there isn't an endangered bacteria in the area. LOL!

The North Cascade National Park came into existence because of the idiocy of a mining company. They have a huge and very high grade deposit of copper and molybdenum in the mountains there. Above one of the best steelhead rivers in the world. The Forest Service requested that they mine in a manner that would not affect the river. They told the Forest Service to go to hell, they owned the mine, and they would do as they wanted. Some Forest Service personal got in touch with the local fishing clubs, environmentalists, local tribes, and those people got in touch with Senators Jackson and Senator Magnuson. Shortly that area became a National Park. That is how good prospects get shut out. They could have mined that deposit, but they were going to do it in a manner that would have killed that river. Then assholes like you say things like that. Why do you think we hold you "Conservatives" in such contempt?

 

[Old Rocks]

Some environmental groups are trying to stop the mining as it will destroy the environment. Also, the mine is in an area that threatens Paiute and Shoshone land sovereignty. I know damn the Indians, we just give them land to take it away. There is a possible injunction to stop this mine, it could be damaging to the Sage Grouse. We will see but I figure big corporate America will win out over the Indians, the Grouse and the environment. When money talks, the environment walks.

It does not have to be that way. There should be a meeting of all stake holders. The Thacker Pass project is proposing using a method that will damage the land. The process that Tesla is proposing should not damage the land, and can be done in a manner that will not affect the local populations of sage grouse. That is not reservation land, but it is the traditional grounds of both tribes. Again, a meeting of all stakeholders should take place, and work through an agreement. That lithium is part of the solution to eliminating the GHGs in transportation and generation. So it benefits all, including the sage grouse.

 

[ding]

Can't wait for the predictable surprises.

 

[Sunni Man]

Bottom line with all this liberal loon giddiness over lithium mining to manufacture batteries for EV cars.
Is the majority of the electricity to charge the EV cars batteries is produced by coal, oil, and natural gas.
Ya know, the evil fossil fuels. ...

 

[westwall]

Tesla's patent for processing lithium clay is a breakthrough. The McDermitt Caldera alone could supply most of the lithium needs of the US. And there are other areas that have the same kinds of clay. Here is a somewhat technical explanation of Tesla's process;

Sooooooo, mining is suddenly ok.

Riiiiiiight...

You loons are all the same.

"Mining oil is evil because it benefits all mankind, but lithium, which benefits the rich, is OK...beeeecause it benefits the rich..."

 

[Old Rocks]

Bottom line with all this liberal loon giddiness over lithium mining to manufacture batteries for EV cars.
Is the majority of the electricity to charge the EV cars batteries is produced by coal, oil, and natural gas.
Ya know, the evil fossil fuels. ...

At present. However, by 2030, that will not be the case. The rapid increase in the deployment of solar and wind will continue, as both are less costly, with less side effects, than fossil fuels. And they will put an end to nukes, as those are far too costly. Here in Oregon, we get most of our electricity from hydro and wind. However, we are seeing rapid deployment of utility scale solar, and, with the lesson of this summer learned, will more than likely see a lot of Agri-voltaics here in the Willamette Valley.
n

 

[Old Rocks]

Sooooooo, mining is suddenly ok.

Riiiiiiight...

You loons are all the same.

"Mining oil is evil because it benefits all mankind, but lithium, which benefits the rich, is OK...beeeecause it benefits the rich..."

Mining is necessary for the minerals that society needs. It is also necessary to regulate it so that it affects the environment in the least possible manner. And it is not the oil wells, but the burning of fossil fuels that are causing climate change. However, I find you to be a really hypocritical asshole as you never posted any objections to mountaintop removal for coal or the mining of the tar sands.

 

[westwall]

Mining is necessary for the minerals that society needs. It is also necessary to regulate it so that it affects the environment in the least possible manner. And it is not the oil wells, but the burning of fossil fuels that are causing climate change. However, I find you to be a really hypocritical asshole as you never posted any objections to mountaintop removal for coal or the mining of the tar sands.

Whatever you say, cultist.

 

[Papageorgio]

I love how the left decides that fucking the environment one way is okay but fucking the environment the other way is wrong.

They right their morals as they go, no matter how wrong and hypocritical they are.

 

[westwall]

I love how the left decides that fucking the environment one way is okay but fucking the environment the other way is wrong.

They right their morals as they go, no matter how wrong and hypocritical they are.

Yup, and have you noticed that no matter which way they blow, it's always billionaires who benefit.

Amazing.

 

[Old Rocks]

Yup, and have you noticed that no matter which way they blow, it's always billionaires who benefit.

Amazing.

LOL Gotta love you lying asses that have for years defended the lies of the fossil fuel corporations. Where is you damned cooling trend now, charlatan? And why did not Tesla and the solar companies go bust like you predicted? In fact, those fossil fuel companies should be fined many billions of dollars for their lies, and if they don't pay, their total assets seized while they still have some value.

 

[Toddsterpatriot]

In fact, those fossil fuel companies should be fined many billions of dollars for their lies,

LOL!

 

[westwall]

LOL Gotta love you lying asses that have for years defended the lies of the fossil fuel corporations. Where is you damned cooling trend now, charlatan? And why did not Tesla and the solar companies go bust like you predicted? In fact, those fossil fuel companies should be fined many billions of dollars for their lies, and if they don't pay, their total assets seized while they still have some value.

Ummmmm, because the American Taxpayer keeps bailing them out you moron.

 

[Old Rocks]

Ummmmm, because the American Taxpayer keeps bailing them out you moron.

And once again you prove what a liar you are. The fossil fuel companies get billions in subsidies, far more than renewables.

 

[Toddsterpatriot]

The fossil fuel companies get billions in subsidies,

I know, writing off business expenses.......it's an outrage!!!

 

[Sunsettommy]

Wait.......liberals are going to allow mining in the US? LOL!

The same way they suddenly swoon over wind power after opposing it for decades.

 

[Old Rocks]

I know, writing off business expenses.......it's an outrage!!!

"The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually."

Fact Sheet | Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs (2019) | White Papers | EESI

www.eesi.org

 

[Old Rocks]

The same way they suddenly swoon over wind power after opposing it for decades.

Really? Link?

 

[Old Rocks]

I know, writing off business expenses.......it's an outrage!!!

What tax incentives encourage energy production from fossil fuels?

Tax subsidies for oil, gas and coal development are expected to reduce federal revenue by $12.9 billion from 2022 to 2026 (figure 1). The three...

www.taxpolicycenter.org

 

[Toddsterpatriot]

"The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually."

Fact Sheet | Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs (2019) | White Papers | EESI

www.eesi.org

Direct Subsidies​

Intangible Drilling Costs Deduction (26 U.S. Code § 263. Active). This provision allows companies to deduct a majority of the costs incurred from drilling new wells domestically. In its analysis of President Trump’s Fiscal Year 2017 Budget Proposal, the Joint Committee on Taxation (JCT) estimated that eliminating tax breaks for intangible drilling costs would generate $1.59 billion in revenue in 2017, or $13 billion in the next ten years.


Percentage Depletion (26 U.S. Code § 613. Active). Depletion is an accounting method that works much like depreciation, allowing businesses to deduct a certain amount from their taxable income as a reflection of declining production from a reserve over time. However, with standard cost depletion, if a firm were to extract 10 percent of recoverable oil from a property, the depletion expense would be ten percent of capital costs. In contrast, percentage depletion allows firms to deduct a set percentage from their taxable income. Because percentage depletion is not based on capital costs, total deductions can exceed capital costs. This provision is limited to independent producers and royalty owners. In its analysis of the President’s Fiscal Year 2017 Budget Proposal, the JCT estimated that eliminating percentage depletion for coal, oil and natural gas would generate $12.9 billion in the next ten years.


Credit for Clean Coal Investment Internal Revenue Code § 48A (Active) and 48B (Inactive). These subsidies create a series of tax credits for energy investments, particularly for coal. In 2005, Congress authorized $1.5 billion in credits for integrated gasification combined cycle properties, with $800 million of this amount reserved specifically for coal projects. In 2008, additional incentives for carbon sequestration were added to IRC § 48B and 48A. These included 30 percent investment credits, which were made available for gasification projects that sequester 75 percent of carbon emissions, as well as advanced coal projects that sequester 65 percent of carbon emissions. Eliminating credits for investment in these projects would save $1 billion between 2017 and 2026.


Nonconventional Fuels Tax Credit (Internal Revenue Code § 45. Inactive). Sunsetted in 2014, this tax credit was created by the Crude Oil Windfall Profit Tax Act of 1980 to promote domestic energy production and reduce dependence on foreign oil. Although amendments to the act limited the list of qualifying fuel sources, this credit provided $12.2 billion to the coal industry from 2002-2010.

Intangible drilling costs......that's a business expense. Durr.

Percentage depletion......that's like depreciation. Only available to small producers. Durr.

Indirect Subsidies​

Last In, First Out Accounting (26 U.S. Code § 472. Active). The Last In, First Out accounting method (LIFO) allows oil and gas companies to sell the fuel most recently added to their reserves first, as opposed to selling older reserves first under the traditional First In, First Out (FIFO) method. This allows the most expensive reserves to be sold first, reducing the value of their inventory for taxation purposes.


Foreign Tax Credit (26 U.S. Code § 901. Active). Typically, when firms operating in foreign countries pay royalties abroad they can deduct these expenses from their taxable income. Instead of claiming royalty payments as deductions, oil and gas companies are able to treat them as fully deductible foreign income tax. In 2016, the JCT estimated that closing this loophole for all American businesses operating in countries that do not tax corporate income would generate $12.7 billion in tax revenue over the course of the following decade.


Master Limited Partnerships (Internal Revenue Code § 7704. Indirect. Active). Many oil and gas companies are structured as Master Limited Partnerships (MLPs). This structure combines the investment advantages of publicly traded corporations with the tax benefits of partnerships. While shareholders still pay personal income tax, the MLP itself is exempt from corporate income taxes. More than three-quarters of MLPs are fossil fuel companies. This provision is not available to renewable energy companies.


Domestic Manufacturing Deduction (IRC §199. Indirect. Inactive). Put in place in 2004, this subsidy supported a range of companies by decreasing their effective corporate tax rate. While this deduction was available to domestic manufacturers, it nevertheless benefitted fossil fuel companies by allowing “oil producers to claim a tax break intended for U.S. manufacturers to prevent job outsourcing”. The Office of Management and Budget estimated that repealing this deduction for coal and other hard mineral fossil fuels would have saved $173 million between 2012 and 2016. This subsidy was repealed by the Tax Cuts and Jobs Act (P.L. 115 – 97) starting fiscal year 2018.

LIFO? You mean like any corporation can use? LOL!

Ditto for Foreign Tax Credits and Domestic Manufacturing Deduction.

MLPs aren't a subsidy.