Friday, March 5, 2010

Oil & Gas advertizing

HRUMPF! Have you seen, OK, of course you have. Those TV ads where supposedly everyday people say something like" I don't think they should tax energy, especially with the economy in such bad shape". Sounds like it makes good sense, doesn't it? Problem is, nobody is suggesting we add any taxes to oil and natural gas right now, that I'm aware of. What is being suggested is that we stop subsidizing oil and natural gas after many, many decades of doing so. It's not the same thing. Especially when you consider that year after year the oil and gas industry has been making record profits. In fact I'm not sure why we've continued to subsidize these people for as long as we have, with sweetheart leases and other deals. They certainly haven't needed the help to keep from going on welfare, now, have they? No. What has been suggested is that if we stopped subsidizing these multi-billion dollar people, then we could use that money to start subsidizing other forms of developing energy sources to help get them on their feet and get the price down to where they can be competitive. See, here's the thing, if oil and gas are subsidized, even though they don't need it now, then we can't afford to subsidize other new energy sources, and then gas and oil have an unfair advantage. Now I'm all for giving these poor underprivileged oil barons a leg up, but do they need my arm too?

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