HacklemanPoke
Deputy
We already see which comes to a screeching halt in terms of new production when pricing becomes unsustainable. But I’ve never once seen you complain about the ridiculously low royalty rates O&G companies enjoy. Or their lease terms. How come you don’t complain about the millions and billions of $ that have subsidized O&G industry over decades in tax policy, leasing terms, ROW payments and strategic petroleum reserve management not to mention foreign policy decisions. You are out of your depth here. Just admit it and move on to the next disgusting meme you can copy and paste. No one cares that you were on a school board just like no one cares that I’m on a university foundation board and sees the complete devastation the OK government has heaped upon higher Ed.How could you possibly know what I do and don't remember? Take away the tax incentives for both and see which one comes to a screeching halt. Again, in my county the wind farms have yet to pay one single penny in tax out of their pocket.
O&G are finite resources that require complex financial decisions and years of research and planning. We are at an inflection point where we need to be developing alternative solutions and giving them the same opportunities (and if that means subsidies then so be it) that the Oil and Gas industry has enjoyed for dang near a 1/2 century. Can you imagine the utter chaos and disruption each American’s life would experience if the govt stopped all subsidies for all industries? It would make the Great Depression look small. Prices at the pump would most certainly double not to mention what would happen to utility rates. The economy wouldn’t grind to a halt it would immediately stop and would take years to restore.
I see enough of your posts and interactions to know that your posts are often intellectually dishonest and offensive. Like others have said or implied, “Pigeon pecking at a keyboard.”