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Does everybody understand, what these “tax breaks” for “big oil” are? They come in the form of depletion allowances, and sometimes leases on Federal land, based on revenues expected from oil production, and sometimes for exploration on public land, and sometimes for R&D that every company gets.
The whole of this is, giving a “tax break” for EXPECTED REVENUE. Trying to undercut this is just NITWIT because it will just move production off shore to some other country that will provide a tax break for revenue they want to receive
There IS NO NET revenue for “renewables.” It has to be subsidized in perpetuity
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Does everybody understand, what these “tax breaks” for “big oil” are? They come in the form of depletion allowances, and sometimes leases on Federal land, based on revenues expected from oil production, and sometimes for exploration on public land, and sometimes for R&D that every company gets.
The whole of this is, giving a “tax break” for EXPECTED REVENUE. Trying to undercut this is just NITWIT because it will just move production off shore to some other country that will provide a tax break for revenue they want to receive
There IS NO NET revenue for “renewables.” It has to be subsidized in perpetuity