Comments on: Obama Targets $30 Billion Oil and Gas Subsidies http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/ Oil Change International campaigns to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy. We are dedicated to identifying and overcoming barriers to that transition. Sun, 20 May 2012 12:28:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steven Martinez http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-1755221 Steven Martinez Wed, 27 Apr 2011 04:32:58 +0000 http://priceofoil.org/?p=3332#comment-1755221 How about this, effective immediately, all gas subsidies are cut off. But, the oil companies can get 90 to 99% of all the subsidies back if they reduce the cost of Premium gas to $2.50/gallon. How about this, effective immediately, all gas subsidies are cut off. But, the oil companies can get 90 to 99% of all the subsidies back if they reduce the cost of Premium gas to $2.50/gallon.

]]> By: Jack McIntyre http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-1727568 Jack McIntyre Wed, 26 Jan 2011 19:10:53 +0000 http://priceofoil.org/?p=3332#comment-1727568 When they cut subsidies the price will rise to offset the difference, as a drop in production will increase value in an already tight market. So in the end it will not matter to the industry. It may hurt the independent for a short time, but price equilibrium will happen. It may be a good thing for the producers as subsidies never work as planned. When they cut subsidies the price will rise to offset the difference, as a drop in production will increase value in an already tight market. So in the end it will not matter to the industry. It may hurt the independent for a short time, but price equilibrium will happen. It may be a good thing for the producers as subsidies never work as planned.

]]> By: gas production http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-1503505 gas production Tue, 04 May 2010 16:12:12 +0000 http://priceofoil.org/?p=3332#comment-1503505 Does anyone know where the cash goes for the 5 million barrels of oil a day that Iraq produces? Does anyone know where the cash goes for the 5 million barrels of oil a day that Iraq produces?

]]> By: 3Bs http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-1501423 3Bs Fri, 30 Apr 2010 17:00:34 +0000 http://priceofoil.org/?p=3332#comment-1501423 If we pumped that amount of money into subsidizing renewables we'd be able to give up most of our addiction to dirty fuel (oil, coal, nuclear). AND the payoff would be eventually mega-cheap energy, cleaner air, water and land. If the current oil spill disaster in the gulf of Mexico doesn't spell this out in gigantic neon letters, for us, we'll never get it. If we pumped that amount of money into subsidizing renewables we’d be able to give up most of our addiction to dirty fuel (oil, coal, nuclear). AND the payoff would be eventually mega-cheap energy, cleaner air, water and land. If the current oil spill disaster in the gulf of Mexico doesn’t spell this out in gigantic neon letters, for us, we’ll never get it.

]]> By: Zach http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-1486449 Zach Wed, 07 Apr 2010 16:39:12 +0000 http://priceofoil.org/?p=3332#comment-1486449 I agree with Al: you can't judge the future from current economics- changing economic incentives is how you change the future. Take the money from oil, give it to taxpayers or to renewables, and the new market is open. I agree with Al: you can’t judge the future from current economics- changing economic incentives is how you change the future. Take the money from oil, give it to taxpayers or to renewables, and the new market is open.

]]> By: Al http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-1443264 Al Tue, 12 Jan 2010 02:45:22 +0000 http://priceofoil.org/?p=3332#comment-1443264 Wow, that is some serious hyperbole! First, these slight changes in the economics of oil will simply give taxpayers the money they have deserved for a long time. Second, this in no way will "eliminate the domestic oil and gas industry", that is simply inaccurate. Third, If renewables get the same economic push now that oil got back in its heyday, then we could be solar powered in no time flat. Even if we simply put the royalty money straight to buying panels to power gov't buildings. Wow, that is some serious hyperbole! First, these slight changes in the economics of oil will simply give taxpayers the money they have deserved for a long time.
Second, this in no way will “eliminate the domestic oil and gas industry”, that is simply inaccurate.
Third, If renewables get the same economic push now that oil got back in its heyday, then we could be solar powered in no time flat. Even if we simply put the royalty money straight to buying panels to power gov’t buildings.

]]> By: John Hess http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-990434 John Hess Wed, 11 Mar 2009 22:46:42 +0000 http://priceofoil.org/?p=3332#comment-990434 America has to have energy. It is TOTALLY IRRESPONSIBLE to eliminate the domestic oil and gas industry, before alternatives are brought on line. It is going to take 10 years to bring wind and solar up to speed. Right now wind and solar only contribute 1% to American energy mix. What energy will America use if Obama elimintes the domestic oil and gas industry? These are logical questions that, for the sake of America's standar of living must be asked. America has to have energy. It is TOTALLY IRRESPONSIBLE to eliminate the domestic oil and gas industry, before alternatives are brought on line.

It is going to take 10 years to bring wind and solar up to speed. Right now wind and solar only contribute 1% to American energy mix. What energy will America use if Obama elimintes the domestic oil and gas industry?

These are logical questions that, for the sake of America’s standar of living must be asked.

]]> By: will http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-981545 will Sun, 08 Mar 2009 04:19:37 +0000 http://priceofoil.org/?p=3332#comment-981545 Obama's plan is about as stupid as it gets: 1) lumps oil and gas together for taxes 2) favors big oil over smaller independents 3) will force companies overseas to exploit 3rd world countries 4) will cause a major increase in domestic natural gas prices dumb dumber dumbest And I thought Shrub was a few tacos short of a combination.... Obama’s plan is about as stupid as it gets:

1) lumps oil and gas together for taxes
2) favors big oil over smaller independents
3) will force companies overseas to exploit 3rd world countries
4) will cause a major increase in domestic natural gas prices

dumb dumber dumbest

And I thought Shrub was a few tacos short of a combination….

]]> By: Paul http://priceofoil.org/2009/02/27/obama-targets-30-billion-oil-and-gas-subsidies/comment-page-1/#comment-961742 Paul Fri, 27 Feb 2009 19:27:43 +0000 http://priceofoil.org/?p=3332#comment-961742 I love how oil producers always try to scare people into maintaining the status quo of using oil. I hate how it works on a lot of people. I love how oil producers always try to scare people into maintaining the status quo of using oil. I hate how it works on a lot of people.

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