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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1994)	8/24/2008 10:39:12 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 86356

" Because it's going to be difficult to get companies generating a mere 10% profit margin to take on the massive business risk" I hope you don't believe that supposed 10% profit margin....do you know what percentage of corporations pay income taxes???

To: Hawkmoon who wrote (1994)	8/25/2008 10:14:58 AM
From: RetiredNow	Read Replies (3) \| Respond to of 86356

Hawkmoon, it isn't about fairness. It's about what is effective government policy. Government subsidies of oil companies provide no return on investment, since they have all the incentive they need to drill more. Rather, effective government policy with respect to oil companies is simply to open up all federal lands and offshore to drilling. Effective policy towards alternatives is to invest heavily in subsidies, because that will incubate the industry until it can stand on its own. Anyway, yes, we can agree to disagree. I think you'd find that most economists would agree with my point of view though. It is straight out of econ 101.