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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (1436793)	2/1/2024 2:56:44 PM
From: Wharf Rat	2 Recommendations Recommended By Doren Eric Read Replies (1) \| Respond to of 1578038

"We can lessen our dependence on foreign oil if we were allowed to exploit our natural gas resources." Apples and oranges; we're dependent on foreign oil to run our cars. We use NG for generating electricity. == "you guys won't allow us to exploit either." We've been exploiting both for many decades, and the purveyors of both, or all 3, cuz you left out coal, have, in turn, been exploiting us.... As we’ll hear today, the United States subsidizes the fossil fuel industry with taxpayer dollars. It’s not just the US: according to the International Energy Agency, fossil fuel handouts hit a global high of $1 trillion in 2022 – the same year Big Oil pulled in a record $4 trillion of income. In the United States, by some estimates taxpayers pay about $20 billion dollars every year to the fossil fuel industry. What do we get for that? Economists generally agree: not much. To quote conservative economist Gib Metcalf: these subsidies offer “little if any benefit in the form of oil patch jobs, lower prices at the pump, or increased energy security for the country.” The cash subsidy is both big and wrong. Chairman Press \| Chairman's Newsroom \| Chairman \| U.S. Senate Committee On The Budget == " Just go all-in on renewables." Time to exploit something new.