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The Water Cooler
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Who will apply for work at Tesla in Tulsa?
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<blockquote data-quote="k4ylr" data-source="post: 3368674" data-attributes="member: 40231"><p><a href="https://www.investopedia.com/ask/answers/060215/how-do-government-subsidies-help-industry.asp" target="_blank">Is that how you think subsidies work? That's not how they work.</a></p><p></p><p><a href="https://www.forbes.com/sites/jamesellsmoor/2019/06/15/united-states-spend-ten-times-more-on-fossil-fuel-subsidies-than-education/#1b627f8f4473" target="_blank">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.</a></p><p></p><p><a href="https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs" target="_blank">Here's a rather lengthy, but non-exhaustive list of subsidies received <em>domestically</em> by the oil and gas industry. Along with the potential revenues for one year and 10-year spans.</a> Granted this article serves to represent how much tax payer money would be <em>saved</em> by eliminating said subsides.</p><p></p><p><a href="https://electrek.co/2016/11/25/tesla-subsidies-big-three-oil-industry/" target="_blank">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.</a></p></blockquote><p></p>
[QUOTE="k4ylr, post: 3368674, member: 40231"] [URL='https://www.investopedia.com/ask/answers/060215/how-do-government-subsidies-help-industry.asp']Is that how you think subsidies work? That's not how they work.[/URL] [URL='https://www.forbes.com/sites/jamesellsmoor/2019/06/15/united-states-spend-ten-times-more-on-fossil-fuel-subsidies-than-education/#1b627f8f4473']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.[/URL] [URL='https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs']Here's a rather lengthy, but non-exhaustive list of subsidies received [I]domestically[/I] by the oil and gas industry. Along with the potential revenues for one year and 10-year spans.[/URL] Granted this article serves to represent how much tax payer money would be [I]saved[/I] by eliminating said subsides. [URL='https://electrek.co/2016/11/25/tesla-subsidies-big-three-oil-industry/']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.[/URL] [/QUOTE]
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