How many people live on a farm in Iowa?
That doesn't answer my question. Are you going to pay people to have wind and solar farms on their property? Are you going to use government to confiscate the land under eminent domain? Are you going to use federal lands?
Yes [Home geothermal] does use electricity
I said that...
Was wasn't talking about geothermal power plants
Oh, you "was wasn't" talking about geothermal power plants... Thanks for clearing that up.
which quite obviously are limited to regions where the geothermal graident is high
I said that...
As for those pesky Earthquakes, not one has cause significant damage or loss of life.
Never claimed they did, just that earthquakes result from using the technology.
Nearly all of tose earthquakes have been of a mgnitude 4 or less.
That's only the equivalent of exploding 12,228 pounds (or 6 tons) of TNT...
Nonsense. They'd be bankrupt. Obviously, they are not.
I guess we'll have to add operating a business to the list of things you know nothing about...
Do oil companies currently pay too little in taxes compared to profits?
"The answer to [that] question is that over the past 25 years, oil companies directly paid or remitted more than $2.2 trillion in taxes, after adjusting for inflation, to federal and state governments—including excise taxes, royalty payments and state and federal corporate income taxes.
That amounts to more than three times what they earned in profits during the same period, according to the latest numbers from the Bureau of Economic Analysis and U.S. Department of Energy.
These figures do not include local property taxes, state sales and severance taxes and on-shore royalty payments."
Once you add those in, along with UST and other government mandated operating fees, oil companies pay just over 4x as much in taxes as they make in profit.
Exxon mobile's profit margin in recent years has been in the range of 30%.
I though you were a Geologist. You'd have to be an astronaut to pull that 30% stat out of Uranus.
Exxon Mobil Profit Margin: 8.17%
Exxon's profit margin peaked in Dec '06 at 11.3%, don't be too sad, you were only off by 18.7%.
You really should get your information from legitimate sources... Citing "facts" you learned from
Progressive propaganda mills, such as American Progress, just makes you look (more) silly.
The area in the private sector with the capital needed to research alternative energy is the petroleum industry
I'm adding the cost of operating an oil company to the list of things you know nothing about.
The power industry, however, is actively pursuing alternatives, and are building alternatives
Be sure to thank a taxpayer because we're the ones footing the bill.
Yes, unlike you. Remember when you guessed that oil received more in subsidies than alternatives? You probably should have looked that up... Unless of course you enjoy looking foolish, in which case keep up the good work!
Look who's the #1 recipient of government subsidies! The "end use" subsidy that comes in at #2, that's a subsidy to consumers for purchasing alternative energy and energy efficient products, such as solar panels, home geo, home windmills, energy efficient doors and windows, home insulation, etc.
Don't use up those feelings of humiliation all at once, I have a great deal more to cover.
Up next is the
Progressive claim that oil companies are getting massive tax breaks.
Tax breaks for big oil is a popular talking point among
Progressives, so popular that FactCheck went about debunking the claim...
Oil Company Tax Breaks?
Both leading Democratic candidates have referred to tax breaks to oil companies:
Clinton, July 23, 2007: First of all, I have proposed a strategic energy fund that I would fund by taking away the tax break for the oil companies, which have gotten much greater under Bush and Cheney.
Obama, June 22, 2007: In the face of furious lobbying, Congress brushed aside incentives for the production of more renewable fuels in favor of more tax breaks for the oil and gas companies.
Both candidates are referring to H.R. 6, the 2005 energy bill that contained $14.3 billion in subsidies for energy companies. However, as we’ve reported numerous times, a vast majority of those subsidies (all but $2.8 billion) were for nuclear power, energy-efficient cars and buildings, and renewable fuels research. In addition, according to the nonpartisan Congressional Research Service, the tax changes in the 2005 energy bill produced
a net tax increase for the oil and gas companies, as we’ve reported time and time and time again. They did get some breaks, but they had more taken away.
-Emi Kolawole
Progressives don't like the truth getting in the way of their talking points so they keep repeating the lie and FactCheck just goes right on debunking them every time.
Actually, most of the taxes paid by consumers at the pump are state taxes
You really excel at being wrong, must be a
Progressive thing.
Gas @ $4.00 - Of that money:
Exxon Profit 10.5% (0.42c/gallon)
Gas Tax (.18:Fed+.28:State=.46c/gallon) <---Direct tax
Indirect taxes - those levied on Oil Companies - are shown over a 25 year period to be 3 times what oil companies make in profits... that's $1.26 @$4.00/gal.
Total profit from one gallon of gas @ $4.00/gal:
Exxon made $0.42c
Uncle Sam raked in: $1.72
Not included are local property taxes, state sales and severance taxes, government fees, and on-shore royalty payments, all of which add to the cost of a gallon of gasoline and increase the amount of money raked in by Uncle Sam.
most of the taxes paid by consumers at the pump are state taxes and much of that goes directly into their petroluem storage tank assurance fund...a taxpayer bail out
You know... If you get tired of being wrong, I suggest you remove all the progressive websites from your bookmarks and replace them with legitimate sources of information before speaking.
I'll start with state and federal gas taxes and what they fund...
Title II of the Federal-Aid Highway Act - entitled the Highway Revenue Act of 1956 - created the Highway Trust Fund as a dedicated source for the Interstate System.
Revenue from the Federal gas and other motor-vehicle user taxes was credited to the Highway Trust Fund to pay the Federal share of Interstate and all other Federal-aid highway projects.
That accounts for the 18c/gal of federal tax on the sale of gasoline. State taxes on gasoline differ from state to state but all the states use that money to fund transportation programs, such as building and maintaining roads. These taxes aren't enough so the transportation fund also gets revenue from other sources such as vehicle registration fees and federal assistance.
In short, the direct taxes on gasoline at the pump do not help to pay for the Congressionally mandated UST assurance fund... The UST funds come from annual fees and per tank fees on the owners of the 607,000 UST's in the country and these fees bring in roughly $1 billion per year to the fund.
The purpose of the fund is to make sure UST owners have enough money to clean up any spills and compensate third parties. There is also private insurance which does the same thing but participation in the UST fund is mandatory for UST owners.
Today's solar cells are not... in widspread usage, primarily because of the high capital costs. But look at the model of the computer industry.
Indeed you should look at the model of the computer industry. There were no government regulations, there were no government subsidies, no government grants, no government mandates... Government stayed the hell out of the way and the computer industry skyrocketed as a result.
Being tethered to government in exchange for pecuniary advantages is dramatically slowing down the progress of alternative energy technology.
So what is wrong with the energy industry today that it cannot adopt such a business model?
Bill Gates and Steve Jobs offered a product superior to anything else available. You're wanting to replace superior products with inferior ones, subsidized by taxpayers, and you can't figure out why that's not catching on?
And you forgot about the treehuggers...
Humane Society fights Windmill Construction
The power companies apparently find this prospect appealing
They are being massively subsidized by taxpayers, that makes any business venture look more appealing.
I look forward to seeing the results of your next fact finding trip to Uranus.
