Comments on: U.S. Oil Subsidies Need to Go

By: Liz

Liz — Fri, 13 Jun 2008 09:07:33 +0000

This is too bad for the US .
Apparently the German government is subsidizing solar; everyone and their aunt is putting in some kind of solar panel, even renting a neighbors roof, and this is pushing the industry and the developement of the tyechnology forward over there. The Germans are also buying all the cutting edge technology made / produced here , but barely sold here because of the lack of support and incentives. Duh.

By: Tayko Long

Tayko Long — Sun, 25 May 2008 23:48:27 +0000

The real subsidy that needs to be eliminated is US military spending. Most of our military spending is done on behalf of oil companies. Eliminate a nice chunk of that and you could lower taxes significantly – yes the price at the pump would go up, but that would just reflect reality instead of being hidden in other taxes!

By: Marcio Ferraz

Marcio Ferraz — Sun, 25 May 2008 22:10:23 +0000

It’s hard to believe that while the world is breaking apart, the big oil companies not only profit from the most needed commodity in this world but still receive tax breaks and subsidies!!??

By: meryn

meryn — Sun, 25 May 2008 13:17:02 +0000

The article by the Center for American Progress cites “a $1.3 billion annual tax loophole”. How does this relate to “the $18 billion in tax breaks” you cite?

By: meryn

meryn — Sun, 25 May 2008 13:05:59 +0000

Thank you for this overview!
18 BB on 123 BB (is that after-tax or pre-tax profit?) is nearly 15%, that’s no small matter. This really tilts the playing field in the wrong way.
I read some time ago about loan guarantees for coal plants. Is this true, and has this appeared on Triplepundit yet?