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Thread: Obama Wants Research to Wean Vehicles off Oil.....

  1. #131
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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by MMC View Post
    LEMONT, Ill. President Barack Obama is pushing Congress to authorize $200 million a year for research into clean energy technologies that can wean automobiles off oil.

    Obama proposed the idea of an energy security trust last month in his State of the Union address, but he was putting a price tag on the idea during a trip Friday to the Argonne National Laboratory outside Chicago $2 billion over 10 years. The White House said the research would be paid for with revenue from federal oil and gas leases on offshore drilling and would not add to the deficit.

    The money would fund research on "breakthrough" technologies such as batteries for electric cars and biofuels made from switch grass or other materials. Researchers also would look to improve use of natural gas as a fuel for cars and trucks.

    White House officials said the president's proposal would not require expansion of drilling to federal lands or water where it is now prohibited. Instead, they are counting on increased production from existing sites, along with efficiencies from an administration plan to streamline drilling permits. The government collects more than $6 billion a year in royalties from production on federal lands and waters.

    Obama's push for the energy trust came as the Environmental Protection Agency released a new report Friday indicating that fuel economy standards rose last year by 1.4 miles per gallon the largest annual increase since EPA started keeping track. The agency said the improvement was due to better availability of high-performing cars and more options for consumers.

    The Alliance of Automobile Manufacturers suggested that rather than encouraging research on fuel-efficient cars, the government should focus on making diverse fuels more available and improving transportation infrastructure.

    Argonne is one of the Energy Department's largest national laboratories for scientific and engineering research, staffed by more than 1,250 scientists and engineers. White House officials said it was chosen as the site of the president's speech because of its tradition of research into vehicle technologies.....snip~

    Obama wants research to wean vehicles off oil - Americas - Stripes
    By MATTHEW DALY and NEDRA PICKLER The Associated Press <<<<<More here!

    We did hear Obama say about taking care of infrastructure. So why isn't he listening to the Alliance of Auto Manufacturers on that point. I don't have a problem with Government State, local, and Fed, moving their Vehicles to natural gas. Anybody else? Thoughts?
    So, to summarize, tax big oil, and funnel the money to Democrat businesses.

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by Catawba View Post
    Were you really unaware we give the oil companies a $41 billion dollar subsidy each year?

    Budget hawks: Does US need to give gas and oil companies $41 billion a year? - CSMonitor.com
    There are no subisidies or giving of money mentioned in that article. In fact, it works the other way around. THe oil companies give the govt (well. the govt takes) over 50bn a year.

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by cannuck View Post
    Cat: I have heard this and many other numbers many times, and I have made a genuine effort to FIND these subsidies, but, for the most part, they do not exist. This is the distortion of reality from the CS Monitor (for what reason I can't imagine) as well as dozens of other sources that do not realize the difference between accelerated depreciation and subsidy. With the government sticking its nose so deeply into EVERY business and market (which is my complaint) there are no doubt some of the hundreds of billions of subsidies that end up in Big Oil's pockets directly or indirectly (for example, US direct cash farm susbisidies at nearly 80% of Canada's gross domestic ag product no doubt result in use of more petro in intense ag production), but for the most part, nobody is cutting a cheque nor forgiving taxation (as opposed to delaying) for normal business activities.

    If you can cite any exceptions to that, I would appreciate knowing and learning.

    Tomato/tomato.

    The subsidy in question is a tax break (first introduced in 1926), and is what is being considered to be discontinued.

    "The rationale for this loophole is that it encourages exploration for new oil-presumably something no oil company would otherwise do. Oil industry executives argue that other businesses are allowed to depreciate the costs of their manufacturing investments. That's true, but they're only allowed to take off the actual cost of those assets, not deduct 15% of their gross income virtually forever.

    Introduced in 1926, the oil depletion allowance was restricted in 1975 to independent oil companies that don't refine or import oil. To make up for this, the larger, integrated companies were given the intangible drilling cost deduction, which in some ways is even better."

    Corporate Welfare Oil and Gas Tax Breaks
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by Catawba View Post
    Tomato/tomato.

    The subsidy in question is a tax break (first introduced in 1926), and is what is being considered to be discontinued.

    "The rationale for this loophole is that it encourages exploration for new oil-presumably something no oil company would otherwise do. Oil industry executives argue that other businesses are allowed to depreciate the costs of their manufacturing investments. That's true, but they're only allowed to take off the actual cost of those assets, not deduct 15% of their gross income virtually forever.

    Introduced in 1926, the oil depletion allowance was restricted in 1975 to independent oil companies that don't refine or import oil. To make up for this, the larger, integrated companies were given the intangible drilling cost deduction, which in some ways is even better."

    Corporate Welfare Oil and Gas Tax Breaks
    A tax deduction is not a subsidy.

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by Grant View Post
    How much of that $15.6 billion a year is recovered in taxes at the pump?
    How much of those taxes is supposed to cover road repairs, but is stolen by politicians to fund other projects?
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by Catawba View Post
    Were you really unaware we give the oil companies a $41 billion dollar subsidy each year?

    Budget hawks: Does US need to give gas and oil companies $41 billion a year? - CSMonitor.com
    Oil and gas companies don't get subsidies. Do you really believe that they do?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by jonny5 View Post
    A tax deduction is not a subsidy.

    According to the far right only.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by apdst View Post
    Oil and gas companies don't get subsidies. Do you really believe that they do?
    See below:


    Quote Originally Posted by Catawba View Post
    Tomato/tomato.

    The subsidy in question is a tax break (first introduced in 1926), and is what is being considered to be discontinued.

    "The rationale for this loophole is that it encourages exploration for new oil-presumably something no oil company would otherwise do. Oil industry executives argue that other businesses are allowed to depreciate the costs of their manufacturing investments. That's true, but they're only allowed to take off the actual cost of those assets, not deduct 15% of their gross income virtually forever.

    Introduced in 1926, the oil depletion allowance was restricted in 1975 to independent oil companies that don't refine or import oil. To make up for this, the larger, integrated companies were given the intangible drilling cost deduction, which in some ways is even better."

    Corporate Welfare Oil and Gas Tax Breaks
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by Catawba View Post
    See below:
    The government doesn't give money to the oil companies and oil companies don't get any special tax breaks. They're allowed the same tax deductions that any other business is allowed.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Wants Research to Wean Vehicles off Oil.....

    Quote Originally Posted by Catawba View Post
    According to the far right only.
    According to the dictionary

    Definition of SUBSIDY


    : a grant or gift of money: as

    a: a sum of money formerly granted by the British Parliament to the crown and raised by special taxation

    b: money granted by one state to another

    c: a grant by a government to a private person or company to assist an enterprise deemed advantageous to the public
    Subsidy - Definition and More from the Free Merriam-Webster Dictionary

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