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This week, 47 House Republicans urged House Speaker John Boehner (R-OH) to let them expire.
Although GOP districts hold 81 percent of the nation’s wind power capacity, Republicans are deeply split on investing in wind (Mitt Romney, for example, drew criticism from fellow Republicans for opposing the PTC). Boehner’s home state supports up to 6,000 wind jobs.
Of the 47 Republicans asking Boehner to end the wind investments, 46 voted in March 2011 against closing tax loopholes that let Big Oil collect $4 billion in annual subsidies. The one outlier, GOP Rep. Richard Hanna, was a no-vote that day. According to OpenSecrets, these representatives have received a total $2.2 million from the oil and gas industry, in an election cycle where Republicans have collected 89 percent of the oil industry’s contributions. Republicans have maintained these tax breaks are “essential” to an industry posting record-breaking profits.
Yet their letter claims wind is too expensive for investment. An excerpt reads:
Today, when the U.S. is more than $15 trillion in debt and borrowing $0.40 of every dollar it spends, we cannot afford to borrow money to subsidize the operations of a politically preferred technology. In the case of wind, doing so would not only be costly to taxpayers but ultimately would hurt consumers by distorting energy markets.”
The letter’s arguments echoes Americans for Prosperity’s campaign to end PTC. The Koch-funded organization called wind tax credits “deplorable.”
n 2011, the United States consumed about 134 billion gallons1 (or 3.19 billion barrels2) of gasoline, a daily average of about 367.08 million gallons (8.74 million barrels). This was about 6% less than the record high of about 142.38 billion gallons (or 3.39 billion barrels) consumed in 2007.
And we can't say it's just the republicans because some democrats are just as bad.
Originally posted by neo96
Yay!!!!!!!!!!
Another hate the GOP thread,Hate corporations thread, Hate "big oil thread".
Some people are so blinded by idelogy they never look deeper:
For instance:
n 2011, the United States consumed about 134 billion gallons1 (or 3.19 billion barrels2) of gasoline, a daily average of about 367.08 million gallons (8.74 million barrels). This was about 6% less than the record high of about 142.38 billion gallons (or 3.39 billion barrels) consumed in 2007.
www.eia.gov...
367 million of gallons sold each and every day 365 days a year then figure in the Feds cut of 18.4 cents for each and every gallon sold.
Then figure in the states cut which works out to around:
66 million a day= 24 billion a year and what is the return of alternative energy?
That same alternative energy subsidized by that "gas tax" ?
Oh yeah....
Carry on.....
The technological revolution allowing for the cheap extraction of natural gas from shale occurred thanks to more than three decades of government subsidies for research, demonstration, and production, a new Breakthrough Institute investigation finds.
Both directly and indirectly, the government was behind the critical moments and tools in the shale gas revolution - massive hydraulic fracking (MHF), 3-D mapping, horizontal drilling, and horizontal wells.
"I'm conservative as hell," Dan Steward, the former Mitchell Energy geologist whose company pioneered shale gas in Texas, told us. But when asked about the role of government, Steward told us, "They did a hell of a lot of work, and I can't give them enough credit for that. [The Department of Energy] started it, and other people took the ball and ran with it. You cannot diminish DOE's involvement."
Originally posted by newcovenant
reply to post by Kali74
S&F
I never thought I'd live to see the day saving the planet was a bad idea.
*sigh*
edit on 2-10-2012 by newcovenant because: (no reason given)
Utilities and consumer groups have complained the FIT for solar power adds about 2 cents per kilowatt/hour on top of electricity prices in Germany that are already among the highest in the world with consumers paying about 23 cents per kw/h.
German consumers pay about 4 billion euros ($5 billion) per year on top of their electricity bills for solar power, according to a 2012 report by the Environment Ministry.