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2011-01-27 Economy
US to cut billions in oil subsidies
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Posted by Fred 2011-01-27 00:00|| || Front Page|| [3 views ]  Top

#1 This is called a tax increase, folks.
Posted by gorb 2011-01-27 00:37||   2011-01-27 00:37|| Front Page Top

#2 US aims at producing 80 percent of its needed electricity from "clean energy sources" by 2035 -- not a Chinaman's chance of doing that, unless the 'need' for electricity is cut by about 80%.
Posted by Anguper Hupomosing9418 2011-01-27 00:40||   2011-01-27 00:40|| Front Page Top

#3 They're doing just fine, that's why there's no more drilling in the Gulf, eh?
Posted by Thing From Snowy Mountain 2011-01-27 00:43||   2011-01-27 00:43|| Front Page Top

#4 Some folks want wind and solar. Others want nuclear, clean coal, and natural gas. To meet this goal, we will need them all...

Liar. You have your EPA nazis fining Texas natural gas drillers every chance you can. The day you allow Nuclear plant construction will be the day hell freezes, over, and don't let me get started on what you think about coal plants. Two faced.
Posted by Snolutch Hupaick6422 2011-01-27 00:51||   2011-01-27 00:51|| Front Page Top

#5 The party that cancelled the Integral Fast Reactor (or whatever it was called in the 90's) and cancelled Yucca Mountain this time round is going to lead the Great Nuclear Rennaisance. Yeah. right.
Posted by Thing From Snowy Mountain 2011-01-27 01:03||   2011-01-27 01:03|| Front Page Top

#6 You suck obama.
Posted by newc 2011-01-27 01:10||   2011-01-27 01:10|| Front Page Top

#7 Cut subsidies? Ok. But cut the damned regulations too. Let 'em drill.
Posted by OldSpook 2011-01-27 01:29||   2011-01-27 01:29|| Front Page Top

#8 80% of our energy from 'clean' sources by 2035, eh? I am not enough of a civil engineer to do the back of the envelope calculation, but my SWAG is if we started now, using a known technology like coal-fired power plants, we would hard pressed to replace 80% of our generating capacity with new plants in 25 years.

Anyone who actually has a clue care to venture a guess? Leaving aside legal niceties like environmental impact reviews and NIMBY lawsuits, could we replace 80% of our present generating capacity in 25 years?
Posted by SteveS 2011-01-27 02:16||   2011-01-27 02:16|| Front Page Top

#9 OS: You say that as if they're not playing fast-and-loose with the definition of "subsidy" in the first place.

How come noone ever pops up to say we're subsidizing imported oil because we're not putting an import tariff on it?
Posted by Thing From Snowy Mountain 2011-01-27 02:17||   2011-01-27 02:17|| Front Page Top

#10 I don't consider they're giving my money to the oil companies. I look at it as a tax rebate.

Which they are going to take away. So gorb has it right - a tax increase.
Posted by Bobby 2011-01-27 06:17||   2011-01-27 06:17|| Front Page Top

#11 No reason to be talking about science advances in the next two decades if you don't do something about students' lack of science proficiency.
Posted by Penguin 2011-01-27 08:39||   2011-01-27 08:39|| Front Page Top

#12 In 1969 they cut the oil depletion allowance. Four years later we had our first gas lines.

Cause, meet effect.
Posted by Fred 2011-01-27 10:38||   2011-01-27 10:38|| Front Page Top

#13 Bingo, penguin.
Posted by lotp 2011-01-27 12:00||   2011-01-27 12:00|| Front Page Top

#14 I have a tough time listing any of my peers who would know what you mean by The Apollo Project, nevermind younger.

Iranian Revolution II, Sputnik II, Apollo II (no Mercury II? oh yes bad name might remind people about thier gov mandated lights), Palin Plan II (across the board energy).

Personally, Gemini II would be a more appropriate name as it would be the stage between initial work and conclusion.

Penguin, donworryaboutit, it is possible that this initiative will provide grants and/or bailouts to those students involved in green activities and/or promote the cause.
Posted by swksvolFF 2011-01-27 12:30||   2011-01-27 12:30|| Front Page Top

#15 To misquote Denis Leary:

Nuclear F-ing Weapons Power.

Screw the snail dater too put in more hydropower.
Posted by No I am The Other Beldar 2011-01-27 12:53||   2011-01-27 12:53|| Front Page Top

23:55 SteveS
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