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Politics : Formerly About Advanced Micro Devices

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To: zzpat who wrote (1047941)	1/22/2018 7:35:23 AM
From: RetiredNow	Read Replies (2) of 1573901

Actually, Obama was against the oil and gas industry, trying to regulate against it in favor of renewables. He limited drilling in many places and increased the size of national refuges more than any other President. The funny thing is I'm not actually against what he did. I believe humans are causing climate change and the GOP is anti-science when it comes to climate change. I'm not against the oil and gas industry, but I am VERY pro-renewables. If I were President, I would remove all subsidies from oil and gas and coal, but I would maintain subsidies for renewables for another 10-15 years to give it momentum, then I would remove those as well and let the free market decide the final outcome. The role of government is to remove barriers to entry, when scale is the issue, as it has been with renewables. But once scale has been achieved, to remove subsidies to let the free market rule. The real challenge for renewables was that oil and gas has been massively subsidies in so many ways for almost a hundred years. The chief way we subsidize oil and gas is through massive military interventions in the middle east and elsewhere. Take that away and force oil and gas to pay for their own protection and conquests and then renewables would be even more competitive than they already are. Anyway, you are wrong about Obama being a friend to oil and gas. He just couldn't effectively fight the industry, because they are too entrenched. Trump on the other hand is a massive friend to the industry. He's opened up drilling everywhere and is decimating the regulations against it. We'll experience a boom as a result and that's good, but long term it will hurt us as it works against renewables, which are the future.

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