Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion

mentalfloss

mentalfloss

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Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion

President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade.

The benefits of these subsidies are currently concentrated “within a handful of large firms,” the Treasury said in the Made In America Tax Plan released Wednesday. The report expands on tax proposals in Biden’s $2.25 trillion economic package unveiled last week.

www.bnnbloomberg.ca

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B00Mer

B00Mer

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mentalfloss said:
I'm still a hypocrite, why?
Click to expand...

You're still an idiot.. go ride the bus when you crawl out of your mothers basement..

This will increase the cost of fuel, and drive up the cost of oil...

OH WAIT!!... and creating demand and jobs in Alberta, more pipelines too.

www.barrons.com

$100 Oil Is Looking More Possible. Energy Stocks May Have 'Monster Upside'

Oil prices have risen above even the most bullish analysts' projections so far this year. Fundstrat's Thomas Lee thinks that stocks in the industry are well below fair value.
www.barrons.com www.barrons.com
 
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mentalfloss

mentalfloss

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B00Mer said:
Delusional
Click to expand...

ca.finance.yahoo.com

Texas oil pipelines face dry months as production languishes

NEW YORK (Reuters) -Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. Pipeline companies went on a construction spree throughout 2018 and 2019 to handle blistering growth in U.S...
ca.finance.yahoo.com ca.finance.yahoo.com

U.S. gasoline consumption is now estimated to be past its peak and as refiners process less crude, producers are not filling pipelines used to transport it.


 
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Twin_Moose

Twin_Moose

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mentalfloss said:
ca.finance.yahoo.com

Texas oil pipelines face dry months as production languishes

NEW YORK (Reuters) -Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. Pipeline companies went on a construction spree throughout 2018 and 2019 to handle blistering growth in U.S...
ca.finance.yahoo.com ca.finance.yahoo.com

U.S. gasoline consumption is now estimated to be past its peak and as refiners process less crude, producers are not filling pipelines used to transport it.


Click to expand...
Yep that's why they are calling for continued lockdowns, as well as, lockdowns every 2 years to skewer the numbers in favour of environmental policies

Did you see the CNN caught on tape admitting to their next propaganda hit piece is to target Climate change deniers
 
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