Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (8870)	6/3/2009 1:40:02 AM
From: Sam	Read Replies (2) \| Respond to of 86356

The biggest difference between us, Hawk, is that I think that climate change is a real threat to human civilization. So I'm not bothered by the "obstacles" to exploiting fossil fuel resources.

To: Hawkmoon who wrote (8870)	6/3/2009 3:44:59 PM
From: RetiredNow	Respond to of 86356

Hmmm. I am a true believer that no gov't subsidies should be given to mature, profitable industries. They should be allowed to compete in the free market. However, I do believe in subsidies for industries that we are trying to promote for economic growth or strategic purposes. Renewable energy falls into both of those categories. Therefore, I think it is most reasonable to eliminate all subsidies for the oil industry. They are immensely profitable and no subsidies are going to provide a greater incentive for them to invest in future production, more than the current price of oil at $65+. Oil subsidies are a waste of money at those prices.