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Originally Posted by geeker2
ah... no not exactly...but nice spin.
You demonize Oil & Coal and yet neglect to mention that Renewables are highly subsidized too.
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I'm not "demonizing". I'm pointing out the fact that they are extremely profitable companies, they pay little to no tax, and they have received, and are due to receive, billions in taxpayer welfare handouts to prop their balance sheet up. They are private companies. Enough. We're broke. Stand on your own, private big oil companies, without government subsidy.
Renewables are nowhere near subsidized as Big Oil (billions over decades in the past, and billions in decades to come) has been, and is. That is the very point.
Big Oil is massively profitable, it no longer needs billions of dollars in taxpayer welfare to exist. Other alternative energy sources should have an equal chance to succeed in the marketplace, without private Big Oil getting massive subsidies and gifts of money from the government (our pockets).
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If you leveled the playing field and let the best form of energy survive - it will - and it won't be Renewables.
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I'd guess it would be natural gas. And yes - leveling the playing field is exactly what the energy industry should be about, and what this new law is attempting to do. We are broke. We have a deficit we need to fix. Let's stop the corporate welfare checks. We don't have money to prop up Big Oil private profits. Every single conservative and libertarian "against big government welfare" believer should be 100% in favor of this.