Forum Discussion
LindsayRichards
Aug 10, 2012Explorer
Governmental subsidies to "big oil" are very minor and mainly in the form of tax deductions enjoyed by most businesses. The oil companies pay much more in taxes than the average Fortune 500 companies. When you buy a gallon of gas, governments, local, state and federal receive $3 for every $1 the oil companies make. The money that the oil companies goes to it's shareholders which are mainly pension funds and retirees. Subsidies to alternative energies are over 70 times as much as fossil fuels per kg generated. This is before the billions and billion wasted recently by the failed solar companies and battery companies. Solar is extremely expensive and if you are planning on having 100 % of it beware that the value of the power generated, doesn't even come close to paying for the capital required to generate it. The only way for it to be viable is for somebody else (ie, taxpayer) foot the bill for the capital. Now that the publicity of the huge waste involved has become widespread, don't expect the taxpayers to continue to foot the bill for these boondoggles.
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