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Chyna Joe another nail in the oil industry

Posted on 1/27/21 at 8:10 am
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18677 posts
Posted on 1/27/21 at 8:10 am
Just saw an alert all "subsidies" for fossil fuels must be eliminated per his most recent EO.

This fricker is killing the country in a month.


Is he trying to make Heels Up Look Reasonable?
This post was edited on 1/27/21 at 8:12 am
Posted by arseinclarse
Algiers Purnt
Member since Apr 2007
34414 posts
Posted on 1/27/21 at 8:11 am to
But Trump was a dictator!!!!!!!!
Posted by dstone12
Texan
Member since Jan 2007
30367 posts
Posted on 1/27/21 at 8:11 am to
quote:

Look where all this talkin’ got us babaaaaaay
Posted by WhitewaterDawg
Tennessee
Member since Aug 2011
7233 posts
Posted on 1/27/21 at 8:12 am to
Killing the economy is his (handlers)goal.

The retarded Prog seals clap like idiots to each cut.
Posted by GumboPot
Member since Mar 2009
118862 posts
Posted on 1/27/21 at 8:12 am to
What subsidies?

Posted by beebefootballfan
Member since Mar 2011
19034 posts
Posted on 1/27/21 at 8:15 am to
You’ll take that Chinese D and you’ll like it
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18677 posts
Posted on 1/27/21 at 8:16 am to
quote:

What subsidies?



My understanding is he is going after things like MLPs (now wanting to tax the entity and then also the investor's income); depletion allowances, allowances for intangible drilling costs, etc.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18677 posts
Posted on 1/27/21 at 8:17 am to
double post
This post was edited on 1/27/21 at 8:19 am
Posted by Jack Daniel
In the bottle
Member since Feb 2013
25492 posts
Posted on 1/27/21 at 8:18 am to
I guess Congress can just stay at the house. Xi Biden and his pen knows what’s best for everyone.
Posted by GumboPot
Member since Mar 2009
118862 posts
Posted on 1/27/21 at 8:18 am to
The article doesn't even describe the subsidies. I work in the O&G industry. When you find those subsidies let me know.

I think this is just a situation where the left screams the O&G is getting all these subsidies, when there are none, and Biden responds, "we are going to rip all those O&G subsidies away", and the clapping seals on the left roar with approval.

Meanwhile there were no subsidies to begin with. But the left feels emotionally satisfied.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89566 posts
Posted on 1/27/21 at 8:19 am to
Cloward and Piven is on purpose.
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57376 posts
Posted on 1/27/21 at 8:19 am to
Thank the Supreme Court for effectively giving EOs the force of law a few months ago

Almost like they knew this was coming
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 1/27/21 at 8:19 am to
Liberals always talk about these "subsidies".

Most of the time they're referring to business expense deductions, lol.

How can the President change tax law?

Seems stupid and unconstitutional.
Posted by loogaroo
Welsh
Member since Dec 2005
30788 posts
Posted on 1/27/21 at 8:21 am to
Pennsylvania just became the reddest state in the country.

Posted by GumboPot
Member since Mar 2009
118862 posts
Posted on 1/27/21 at 8:21 am to
quote:

My understanding is he is going after things like MLPs (now wanting to tax the entity and then also the investor's income); depletion allowances, allowances for intangible drilling costs, etc.




That ain't happening under an EO. That is tax law. Congress needs to make those changes. And those legal corporate structures are not subsides. FWIW, those corporate structures were set up to incentivize energy companies to bring reliable energy to consumers. Renewable energy producers can participate in those corporate structures too. It's not limited to just O&G energy providers.
Posted by GumboPot
Member since Mar 2009
118862 posts
Posted on 1/27/21 at 8:23 am to
quote:

Liberals always talk about these "subsidies".

Most of the time they're referring to business expense deductions, lol.


Right, that EVERY BUSINESS IN THE U.S.A. can participate in.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98890 posts
Posted on 1/27/21 at 8:23 am to
quote:

Pennsylvania just became the reddest state in the country.


Should have been before the election. His intentions were clear to anyone with half a brain.
Posted by GumboPot
Member since Mar 2009
118862 posts
Posted on 1/27/21 at 8:24 am to
quote:

Pennsylvania just became the reddest state in the country.



Minus Pittsburg and Philly, Pennsylvania is deep red Alabama.
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24829 posts
Posted on 1/27/21 at 8:25 am to
quote:

Look where all this talkin’ got us babaaaaaay

The card flips again and again and again and again as our sanity walks away.
Posted by loogaroo
Welsh
Member since Dec 2005
30788 posts
Posted on 1/27/21 at 8:25 am to
quote:

Should have been before the election. His intentions were clear to anyone with half a brain.



Your right! We tried to warn them, but their feelings were too important.
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