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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Bearcatbob	3/18/2012 10:26:04 PM
	7 Recommendations of 206175

"Finally, some of the highest estimates include a portion of defense spending (more info on defense subsidies to oil here and here). It should be noted that while the estimate of $41 billion in oil and gas subsidies annually does include some of the cost of U.S. military “defense” of the Persian Gulf region, it does not specifically incorporate any increase in defense spending relating to Iraq, or any quantification of the environmental externalities associated with oil. And none of the amounts cited include fossil fuel subsidies in the form of international aid, which is explained in greater detail below." priceofoil.org Now imagine - protecting the Persian Gulf is a subsidy to the oil industry. Imagine the price of oil if we just let the Persian Gulf explode. As I asked - I would like to see an honest comparison of the tax treatment of $100 million investments in an oil well or a manufacturing plant or a Solyndra. I will not hold my breath. Facts are never a part of discussion like this. Bob

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