Daryl Hunt
Your Worst Nightmare
- Oct 22, 2014
- 22,696
- 4,627
They are both subsidized and taxed. It's weird and I'm not sure why off hand. I read that theres a 20b a year mostly direct subsidy and a 200b a year estimated indirect subsidy. My guess is that the extractors and processors get the benefit of the subsidies to keep supply and prices in check at state and federal level then the states go and assess a consumption tax at the pos.No I mean coal and oil. They win the awful prize a thousand times over. Coal ash kills. Crude oil kills. The gulf of Mexico is a disaster zone.Better than tripling down on dirty subsidized power that kills us and our necessary environment. Youd have to be an absolute fool to think fossil fuels are our future.
Better than tripling down on dirty subsidized power
Dirty and subsidized? You mean solar?
No I mean coal and oil.
Coal and oil aren't subsidized, they tax the shit out of them.
I read that theres a 20b a year mostly direct subsidy and a 200b a year estimated indirect subsidy.
When 3rd world countries subsidize fuel for their citizens, that does nothing to help US producers who are heavily taxed.
In Saudi Arabia, Gasoline costs about 35 cents a gallon. It's heavily subsidized. In Europe, it's heavily taxed and not subsidized where a gallon may cost upward of 8 to 10 a gallon. When I hear people in the US crying over 3 buck a gallon I find that just plain pathetic.