A brief story on Morning Edition this morning mentioned that the House just passed a bill that would take 19 billion dollars in tax breaks away from Big Oil and use that money to promote wind and solar power. It then goes on to say that Republicans opponents (which ones?) argue that taking these tax incentives away could make it harder for oil companies to compete globally. Are they serious? There are actually people who think that Big Oil deserves 19 BILLION dollars in free cash? For what, exactly? In 2006, Exxon Mobil posted the largest profits of any company in the history of the U.S. – 39.5 BILLION – and yet there’s still someone who dares to stand on the floor of the House of Representatives and state for the record that the oil industry needs tax breaks? Breaks from WHAT? FROM WHAT?
“Oh, oh, here, just take another 19 BILLION dollars. While you’re at it, could you continue to perpetuate the myth that civilization as we know it will grind to a halt if we stop burning fossil fuels? Thanks.”
Isn’t it some law of nature that a person can say something so blatantly stupid that they just burst into flames? I think there is. It just must be broken.
I’m no economist, but I’d say that they’re competing just fine without more of my money.
Posted by YAR 