posted on Oct, 21 2012 @ 12:19 AM
reply to post by buster2010
Energy corporations have received more than $60 billion in subsidies over the last decade:
It was under the Bush administration that Corporations were granted somehwere of around $7 billion annually, in subsidy, yet it was under his
administration that oil corporations tripled the amount of American crude exported abroad:
108,000 barrels of American crude were exported to foreign buyers in 2002 and yet by 2008, despite all the subsidies billions of dollars, 344,000
barrels were exported in 2008. By 2011, 562,000 barrels of American crude were sold abroad, despite the fact that oil corporations were earning record
profits, and despite the fact they received $9 billion in subsidies in 2010, and another $4 billion in 2011:
The point? Greed is core reason as to why America is suffering through an energy crises. These coal mines are closing because of the decisions of
energy corporations and the fat cats that control them.
The coal industry has received billions in subsidies over the last few years as well. State governments are spending millions to accomodate coal
corporations, yet it's costing Americans more than it's benefitting:
In Kentucky, coal brings in an estimated $528 million in state revenues, but is responsible for $643 million in state expenditures. The net
impact, therefore, is a loss of $115 million to the state of Kentucky.
So what can we do to help solve America's growing energy crises? We can enforce conditions upon certain lands permitted to be drilled by oil
corporations, meaning that the oil from those lands are to go to domestic use only. We can tax the hell out of energy corporations that continue to
ship jobs overseas, those whom continue to sell energy across the board.