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

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To: Bearcatbob who wrote (191559)	7/14/2015 5:16:23 PM
From: Broken_Clock	Read Replies (3) of 206084

BB Take away subsidies for O&G and see what happens. seriously. Had this same argument with clowns on the FAMD thread 2 weeks ago. If we had dumped the same $$$ into solar, we'd have avoided how many entanglements in the ME? How many trillions there? You may want to consider this viewpoint before responding. forbes.com "As the chief executive of a solar technology company, no one wants an abundant supply of clean energy and a healthy solar energy industry more than I do. And the best pathway to a stable renewable energy industry is to create self-sufficiency and independence from government financial assistance. One might question the rationality of this position, given the fact that between 1994 and 2009 the U.S. oil and gas industries received a cumulative $446.96 billion in subsidies, compared to just $5.93 billion given to renewables in those years. (The nuclear industry, by the way. received $185 billion in federal subsidies between 1947 and 1999.) Certainly, subsidies are a useful tool to help establish an emerging industry. But where there is no projected end to funding, subsidies stop being a catalyst, and start becoming a crutch. This is especially true when companies supported by subsidies become powerful enough to influence governments to perpetuate their support."

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