I have solar panels on one of my houses, not because of clean energy but because I wanted to generate my own energy AND get a check from the electricity company once in a while.There are oil and natural gas releases from the ocean floor constantly. Oil is nasty stuff but it is made in the earth and released n volumes that dwarf what man actually emits while producing it. I’m not claiming we are having zero effect on the climate or environment but we give ourselves way too much credit. Man will be long gone and the earth will still be here long after. I think there are a lot more things we could focus on like recycling and not wasting so much. People are terribly wasteful and we are all guilty just some more than others. We create a lot of unnecessary waste every day and I guarantee it has a much more negative effect on the environment than oil and gas production and consumption...just think about it.
Sorry, but you are mistaken here. Oil companies get paid by customers, not the government. They are not paid not to produce.subsidy definition is to provide income when the economy is down. oil industry goes down when field is restricted production or depleted. When you get paid to not produce it is a subsidy! Amortization is for depreciation of hardware, technically to 'save' for replacement. It just verbage, they use it to get what they want. Same with the 1200$ 'relief' check we got. It's a SUBSIDY!
Grants were part of the spoils of war. Done for eons. Subsidies were to keep industries in business. Dairy, farmers, steel, coal, oil and gas. Basic Gov. price support. What comes after subsidies? Gov. OWNED business! That is what we refer to as socialism. Everybody is subsidized. Kinda like education and transportation now. Local Gov. used to issue local bonds to pay for projects and local taxes payed off the bonds. Now they get 'grants' from state and Fed gov. for many silly projects. Never did understand when I was a kid why pork bellies were the main topic of the stock market. In the 40s and 50s, pork was the primary meat product.
I've been saying this to anyone who will listen (and many who won't) for years and years. This is what most think of when they hear "subsidy". Usually that's borne out of ignorance other times out of malice.If they refer to operating expenses being used as tax deductions that’s not really a subsidy.
And of the ~$10.7 billion quoted above, $8.5 Billion are exactly what I was referring to. Thank you for making my point for me.Try again. You pay gross taxes on all assets (hard or soft) and then get a 'rebate' for 'costs' - same thing. Any 'benefit' provided by the Gov. is a 'subsidy'! Gov. 'benefit' to keep you profitable (stay in business). Lower income families are given a 'subsidy' by allowance of deductibles on taxes. Grants are unearned 'gifts'.We always hear about subsidies for renewable energy—but what about all of the subsidies that oil companies receive? Turns out there's quite a few of them.www.fuelfreedom.org
You can weasel word anything.