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Federal Subsidies for Oil & Gas

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  • sidebite252

    TGT Addict
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    Mar 26, 2013
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    Lake Texoma
    I’ve worked in the Drilling industry for over 38 years and I’ve heard so many talk about these subsidies the oil & gas industry get from the Federal Government. If they refer to operating expenses being used as tax deductions that’s not really a subsidy. I’m not really sure what the hell they plan to end? The biggest thing I’ve seen recently is the massive use of water. But that’s another issue. Anyone have any idea what Joe Blow is talking about? I know he’s lost but so many complain about oil companies getting tax breaks? What exactly are they?
    Texas SOT
     

    Shady

    The One And Only
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    Aug 24, 2013
    4,648
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    Man I hope you’re right. I’m still looking for the subsidies. I got a feeling that some may exist but they’re probably mute & outdated in today’s energy market. The great subsidy mystery


    I think they are listed with the gun show loopholes and the average joe buying a gun online and having it shipped to his home.
     

    Hoji

    Bowling-Pin Commando
    Rating - 100%
    36   0   0
    May 28, 2008
    17,700
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    Mustang Ridge
    Anyone have any idea what Joe Blow is talking about?
    8DFA0A01-3F3D-446E-99C4-36BBD6A3CF56.jpeg
     

    popper

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    Apr 23, 2013
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    Kinda like farm subsidies - payed to not grow. Paid to not pump. They do exist. Kinda like the Reservation subsidies, paid to stay IN the getto.
     

    MacZC7

    Well-Known
    BANNED!!!
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    0   0   0
    Jul 11, 2020
    1,412
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    Texas
    Have any of you seen the movie “Rango”? It’s one of my son’s favorites. The story fits so well here. In that movie “he who controls the water controls the people”...same BS they are discussing pulling on the USA with O&G. The problem is we need oil and gas to continue living the way we do. Without it this nation will implode. No way in hell we can depend on wind, solar and electric vehicles. If they try we will end up back in the old days of homesteading and self sustaining communities. Maybe that’s what it will take to trim the fat and weak.
     

    Axxe55

    Retiretgtshit stirrer
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    0   0   0
    Dec 15, 2019
    47,021
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    Lost in East Texas Elhart Texas
    Have any of you seen the movie “Rango”? It’s one of my son’s favorites. The story fits so well here. In that movie “he who controls the water controls the people”...same BS they are discussing pulling on the USA with O&G. The problem is we need oil and gas to continue living the way we do. Without it this nation will implode. No way in hell we can depend on wind, solar and electric vehicles. If they try we will end up back in the old days of homesteading and self sustaining communities. Maybe that’s what it will take to trim the fat and weak.

    The thing is, we do need cleaner alternate fuel sources for various energy needs. Problem is, we are very dependent and clearly aligned with oil and gas being a primary source for those energy needs.

    But this can't, or won't happen overnight, or even over just a few years. It's just not realistic, or even feasible to do. Not even sure if wind or solar power would be the way to go either, considering how much real estate would be needed to farm them into viable energy sources for the masses.

    I think nuclear energy is a fuel source that needs to be expanded and considered as well. But there also needs to be a way of safely disposing of the waste material when it needs to be replaced as well.

    I think there should be incentives, rather than penalizing various engine manufacturers to produce more efficient engines for consumers. In lots of ways, I think the EPA sets emission standards and regulations that are not very realistic for manufacturers to meet. I know some years ago, that they imposed stiffer penalties on diesel engines that were unrealistic and had many of them scrambling to come up with engines that could meet the standards they set. I believe they are still trying to play catch up with those standards.

    Yes, we need cleaner energy sources, but at the present time, we still need oil and gas production, and the jobs they provide, and support indirectly. My brother's shop isn't directly involved with the oil and gas industry, but it came to a screeching halt and ended, it would put a heavy crimp on his business' income every year. Possibly from 30% to 35% of his yearly business is from several various companies in the oil and gas industry that he does business with.

    All of these socialists crying for the New Green Deal, are idiots that aren't grounded in reality or facts.
     

    rotor

    TGT Addict
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    Nov 1, 2015
    4,239
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    Texas
    The thing is, we do need cleaner alternate fuel sources for various energy needs. Problem is, we are very dependent and clearly aligned with oil and gas being a primary source for those energy needs.

    But this can't, or won't happen overnight, or even over just a few years. It's just not realistic, or even feasible to do. Not even sure if wind or solar power would be the way to go either, considering how much real estate would be needed to farm them into viable energy sources for the masses.

    I think nuclear energy is a fuel source that needs to be expanded and considered as well. But there also needs to be a way of safely disposing of the waste material when it needs to be replaced as well.

    I think there should be incentives, rather than penalizing various engine manufacturers to produce more efficient engines for consumers. In lots of ways, I think the EPA sets emission standards and regulations that are not very realistic for manufacturers to meet. I know some years ago, that they imposed stiffer penalties on diesel engines that were unrealistic and had many of them scrambling to come up with engines that could meet the standards they set. I believe they are still trying to play catch up with those standards.

    Yes, we need cleaner energy sources, but at the present time, we still need oil and gas production, and the jobs they provide, and support indirectly. My brother's shop isn't directly involved with the oil and gas industry, but it came to a screeching halt and ended, it would put a heavy crimp on his business' income every year. Possibly from 30% to 35% of his yearly business is from several various companies in the oil and gas industry that he does business with.

    All of these socialists crying for the New Green Deal, are idiots that aren't grounded in reality or facts.
    The holy grail is fusion and not until we find a way to harness it will we have "clean energy". Doubtful in my lifetime. All of our green efforts are like pissing in the ocean, doesn't raise the level.
     

    Axxe55

    Retiretgtshit stirrer
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    0   0   0
    Dec 15, 2019
    47,021
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    Lost in East Texas Elhart Texas
    The holy grail is fusion and not until we find a way to harness it will we have "clean energy". Doubtful in my lifetime. All of our green efforts are like pissing in the ocean, doesn't raise the level.
    We’ve been 20 years away from cold fusion for the last 70 years.


    Sent from my iPhone using Tapatalk Pro

    I didn't even know if it was a thing anymore, or if anyone was still trying to work with it.
     

    Axxe55

    Retiretgtshit stirrer
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    Dec 15, 2019
    47,021
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    Lost in East Texas Elhart Texas
    What most don't realize. Without the oil, and resulting industries, the world goes pretty much back to the late 1800s. Even solar and wind power depend on oil related industries or we don't have them.
    So much for green technology.

    Sent by an idjit coffeeholic from my SM-G892A using Tapatalk

    I'd venture that would be pretty close to accurate. And here's the harder part of that. What about all the jobs lost, that are tied directly to, or indirectly to oil and gas production? Where are all those people going to work then?

    And some for the green technology say that new jobs would be created. True to a point, but I seriously doubt the number of jobs created, would be anywhere near the number of jobs lost.
     
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