Is America’s “Energy Independence” Sustainable?
THE BATTLE OVER (FUTURE) BARRELS … By FITSNEWS || Sometimes we hate our truth-telling rYou must Subscribe or log in to read the rest of this content.
THE BATTLE OVER (FUTURE) BARRELS … By FITSNEWS || Sometimes we hate our truth-telling rYou must Subscribe or log in to read the rest of this content.
26 comments
If you’re concerned with consumer prices, it makes zero since that you propose an end to subsidies. It doesn’t take a genius to figure out that ending subsidies would cause consumer prices to skyrocket. Your article also doesn’t mention investing in energy efficiency which would be the cheapest and quickest way to become more energy independent. Increasing efficiency also directly benefits consumers.
The cost of energy includes consumer costs and government subsides. Someone pays for those subsides.
Not in his world, the subsidies obviously come from the magic money tree. There is no such thing as “redistribution” in his world.
FYI there are no subsidies of Big Oil in the U.S. or Canada. All oil business pays huge taxes, a very few get a discount on property taxes in expensive to drill areas. But g’ment makes it all back when the wells “come in”. … And oil companies must “contribute” big time to certain poli-wogs to get those small tax breaks … just like Chicago politics.
Title of article “…Energy Independence…”
My comment and the comment I was responding to don’t mention OIL. Corn ethanol has received direct subsides and investment in the equipment still does. Corn farmers are subsidized. Alternative energy receives subsides. Electric vehicles receive subsides.
Wikipedia data just covers through 2010, but big oil got subsides. See United States section: http://en.m.wikipedia.org/wiki/Energy_subsidies
except for that little 7 BILLION in subsidies they receive..besides that your point is almost factual …almost. http://www.theatlantic.com/business/archive/2013/03/americas-most-obvious-tax-reform-idea-kill-the-oil-and-gas-subsidies/274121/
$7 Billion in discounts on taxes for Big Oil, who pays more than $1 Trillion into the US Treasury each year. … That is a pretty small “subsidy” of 0.7% … Of course Big Oil will take it, but the really big subsidies go to the petrochemical industries’ competition … The G’ment/Media/Solar-Power Industrial complex: like Solandra, the BLM/Mohave Desert National Park(s) and other cozy-rosy-“capitalist” poli-wog “sustainable” “solutions”.
EIA includes volumes of biofuels in data on total petroleum consumption. In 2013, the United States consumed a total of 6.89 billion barrels of petroleum products, an average of 18.89 million barrels per day.
http://www.eia.gov/tools/faqs/faq.cfm?id=33&t=6
I can only imagine what we will consume in 2019, but at 9.6 million barrels a day we still have to import half our oil.
… and that ~7 billion barrels generated more than $One Trillion Dollars in tax revenues for fed, state and local g’ments.
Whether the oil comes from Canada, the Middle East, or Africa matters not to the tax suckers. Bio-fuels so far work just fine, but the taxes remain.
Dear Mr Folks……..if you would…….you may want to read this article here and think.
http://oilprice.com/Latest-Energy-News/World-News/New-Solar-Material-The-Blackhole-Of-Sunlight.html
……dare to wonder how long this information and research has been “Known”…?
…dare to wonder why the article does not tell its readers about how this can be used on top of every house in South Carolina to generate energy…..?
….dare to wonder why this stuff is NOT on the market right now…?
Mr. Folks…its not whether America’s energy independence is sustainable…its whether or not your readers realize how to reduce their monthly energy bills to ZERO …..!
Mr Folks…….what is YOUR monthly energy bill to Santee Cooper? 225.00 dollars a month…? 125.00 dollars a month…? What is Fitsnews server energy cost a month 400.00 dollars a month..?
Mr Folks …why are you NOT telling your readers to tell everyone NOT to purchase a townhome or CONDO..?
How would the State or P&C or Herald report ..that..?
Wil……….if you really want to protect your child and be a great EDITOR for your valued readers………..at some point, your going to have to come to grips with our states LACK of LOCAL energy production. You home (or trailer) is not an investment…its an energy plant…!!
Wil…..may god bless ya……
The scientist have been wrong repeatedly in their predictions about peak oil, many economist said those predictions would be wrong. But, we are going to believe they are right about Climate change. Snuggle up. Early frost Saturday.
Never in history has g’ment increased oil supplies without increasing taxes.
Never in history has tax increases changed the weather.
Party at TBG’s hacienda when Climate Change’s “More [in quantity] and more powerful/destructive” hurricanes start hitting as well as when we hit “Peak Oil”.
It’s always “WHEN”. Al Gore’s WHEN has already passed. I’ll never get to party at TBG’s.
“Is America’s “Energy Independence” Sustainable?”
Not with Obama as President.
If all the fracking contaminates the fresh water supply, we won’t need to worry about any kind of gas or oil.
No proofs that pumping water down an oil well contaminates the local water supplies. (My Grand Daddy and my Daddy used to “frack”ture oil wells with dynamite … Water hammer “fracturing” is far better.)
I guarantee the oil companies will sell to the highest bidder regardless. If we increase production, I doubt you’d see any real appreciable change at the pump. Just need a refinery “mishap” to get us back to $4/gallon in a matter of weeks. Lack of refinery capacity is the real culprit here.
What’s wrong with not trying to pump everything out of the ground as soon as we can. Why not use up everyone else’s black gold first.
The US is steadily increasing the exportation of oil and oil products out of the US…http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTEXUS2&f=M
Highest bidders? Of course they will. (Only g’ment gives stuff away to the lowest bidders.)
Pump it all out? That would be foolish – no place to store it … And it would still take centuries to accomplish.
Profits from the export of oil products will generate enough tax revenue to pay off the national debt and then some. Big Five Oil already puts more revenue into the u.s. treasury than all personal income tax revenues combined.
Just need a refinery “mishap” to get us back to $4/gallon in a matter of weeks.
Nah.
Big *terrorist attack* so our Petroligarchical Ruling Duopoly can get our military back to destabilizing the Middle East.
“Petroligarchical Ruling Duopoly”
+10 Homie, or should I say Hymie with you being Jewish?
I guarantee the oil companies will sell to the highest bidder regardless.
*whistles softly*
Dayum. You’re not afraid to make a bold prediction, Cap’n.
There is no shortage, no “peak” oil or gas. North American reserves will suffice beyond 100 years for crude, 500 years for natural gas.
Any of this “progressive” Fascist propaganda about who gets to or should “manage” the supply / demand of the international oil business is just that …
We had lower prices when our US production was much lower. Americans will pay prices set by the world market.
The benefits of US production:
1. Jobs
2. Reduced trade deficit.
3. Energy security. (Highly overrated)
Very little price advantage for Americans, especially with the development of export facilities for oil and LNG.
Good God Fits Say it!
What’s needed is an immediate tax cut for the oil companies.that will solve EVERYTHING!
Well, that would be a start, fur sure. Yes, an immediate, sizable tax cut of anything would solve a lot, like unemployment of citizens, poor savings account returns, flat housing markets, loss of domestic manufacturing …