I'd really like for someone to show me where the federal government actually wrote a check to an O&G company. Just one check drawn on a .gov bank account, endorsed by a .gov agency and with the payee being an O&G producer.Gets REALLY quiet in here when you talk about oil and gas subsidies LOL.
I'd really like for someone to show me where the federal government actually wrote a check to an O&G company. Just one check drawn on a .gov bank account, endorsed by a .gov agency and with the payee being an O&G producer.
Wrong. Sorry, try again.Is that how you think subsidies work? That's not how they work.
Considering in 2017, the global subsidy value for oil and gas was estimated to be $5.2 TRILLION dollars. That's 6.5% of the global GDP. Of which $649 Billion was of domestic use in the US.
Here's a rather lengthy, but non-exhaustive list of subsidies received domestically by the oil and gas industry. Along with the potential revenues for one year and 10-year spans. Granted this article serves to represent how much tax payer money would be saved by eliminating said subsides.
This article is a little old, but breaks down some of the subsidies (and loans) received by Tesla since it's inception; and how they compare to O&G companies.
I'd really like for someone to show me where the federal government actually wrote a check to an O&G company. Just one check drawn on a .gov bank account, endorsed by a .gov agency and with the payee being an O&G producer.
I'd really like for someone to show me where the federal government actually wrote a check to an O&G company. Just one check drawn on a .gov bank account, endorsed by a .gov agency and with the payee being an O&G producer.
Wrong. Sorry, try again.
These are tax breaks and accounting rules, they are not subsidies. Government loans are also wrongly referred to as subsidies which is a perfect example of the libtard, GREEN mentality having re-written the definition of subsidy to suit their agenda. Here's the actual definition from Merriam-Webster:
Definition of subsidy
: a grant or gift of money: such 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
I want to see an actual subsidy and have yet to find one even after listening in on quarterly shareholder conference calls, perhaps a hundred of them for various companies and I've yet to see a subsidy listed in the CFO's slides on said calls.
A tax break is a tax break. A loan is a loan and usually paid back with interest. These are most assuredly not meeting the definition of subsidies.
Never said or implied that they did and I have doubts that it did happen for Tesla.Did that happen for Tesla...not in exchange for goods or services?
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