brenthutch

Here are your "big oil" subsidies "The single largest expenditure is just over $1 billion for the Strategic Petroleum Reserve, which is designed to protect the U.S. from oil shortages. The second largest category is just under $1 billion in tax exemptions for farm fuel. The justification for that tax exemption is that fuel taxes pay for roads, and the farm equipment that benefits from the tax exemption is technically not supposed to be using the roads. The third largest category? $570 million for the Low-Income Home Energy Assistance Program. (This program is classified as a petroleum subsidy because it artificially reduces the price of fuel, which helps oil companies sell more of it). Those three programs account for $2.5 billion a year in "oil subsidies." Oil Subsidies that Liberals Love So why do we still have fossil fuel subsidies? Because almost nobody -- not even Bill McKibben -- wants to get rid of all of the programs that are classified as fossil fuel subsidies. I suspect McKibben would not advocate eliminating the Low Income Home Energy Assistance Program. Two of the most outspoken Democratic opponents of oil subsidies have strongly defended this particular program -- even though it is classified by the OECD as the 3rd largest petroleum subsidy. When Republicans tried to cut funding for the program, Sen. Chuck Schumer, D-N.Y., called the proposal an "extreme idea" that would "set the country backwards." Rep. Edward Markey, D-Mass, states on his website that he is a "longtime Congressional champion of providing assistance to low-income families to heat and cool their homes."

Net net, renewables are a drain and oil and gas give back more than they receive. But of course that is math, not your strong suit.

Very true - and even more so for newer technologies, like solar, wind and grid-scale storage. and - cut wages by 30% in the oil industry. - cut service costs by 30% - cut rig lease rates. Devastated balance sheets of the smaller oil companies. and "A report published earlier this month by Haynes and Boone found that ninety gas and oil producers in the United States (US) and Canada have filed for bankruptcy from 3 January, 2015 to 1 August, 2016. Approximately US$66.5 billion in aggregate debt has been declared in dozens of bankruptcy cases including Chapter 7, Chapter 11 and Chapter 15, based on the analysis from the international corporate law firm. Texas leads the number of bankruptcy filings with 44 during the time period measured by Haynes and Boone, and also has the largest number of debt declared in courts with around US$29.5 billion." http://oilprice.com/Latest-Energy-News/World-News/20-Months-90-Bankruptcies-In-North-American-Oil-Gas.html "The recent drop in price have driven out inefficientcys and culled the weaker players, leaving a more robust and productive industry. Simple capitalism." Capitalism is about profit AND loss.

One often-overlooked but very important point, is that break-even costs have fallen as companies have traversed the learning curve. As operators gain experience in optimizing hydraulic fracturing the portion of the break even costs that are a function of the well cost have, and will continue to, decline. The recent drop in price have driven out inefficientcys and culled the weaker players, leaving a more robust and productive industry. Simple capitalism.

your video explains a lot. Padawan Your assumptions are based on the wrongful notion that technology is static. The Saudi's found out the hard way that that is not the case. Today's cost of production is much higher than tomorrow's.

http://www.usatoday.com/story/money/nation-now/2016/11/17/usgs-largest-oil-deposit-ever-found-us-discovered-texas/94013292/ You need to get up to speed there Junebug! Your source is two years old. "The U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States, officials said Tuesday. The agency announced that the Wolfcamp shale, located in the Midland Basin portion of Texas’ Permian Basin, contains 20 billion barrels of oil and 1.6 billion barrels of natural gas liquid. The Permian Basin is one of the most productive oil and gas areas in the country, and more than 3,000 horizontal wells have been drilled in the Wolfcamp shale section, the agency said in a statement. “The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the U.S. Geological Survey (USGS) Energy Resources Program. The oil is worth around $900 billion at current prices, Bloomberg News reported. The discovery is nearly three times larger than oil found in 2013 in the Bakken and Three Forks formations in the Williston Basin Province of Montana, North Dakota and South Dakota, according to the USGS."

The U.S. is now the dominant player in the world's energy markets, and will only get stronger as we bring more resources to bear. Not only will we be exporting LNG to Europe, we will drive the cost of oil so low that Canada's oil sands will no longer be economically viable. Sorry about that.

Would you expect anything less from PT Barnum Trump?

I am all for solar, and if I lived in SoCal I might have some solar panels on my roof, but I don't. Here in Central PA, we have not seen the sun in a week. I don't care how good your battery is, one can not heat a house on solar in this neck of the woods. OTOH I am sitting on a trillion square feet of clean cheap natural gas so forgive me for advocating for what works.

It only works < half of the time.

Why, with ample oil/coal/gas reserves (a centuries+ worth)? The next reactor license will be for a fusion reactor.

Imagine what we can do with an administration that is not hostile to America's interests. http://oilprice.com/Energy/Crude-Oil/Saudi-Arabia-Surrenders-To-US-Shale.html "It has come about due to Riyadh’s belated, horrified understanding that it has utterly lost control over the energy market, running through its capital reserves in the process. Rather than young, feckless Deputy Crown Prince Mohammed bin Salman using Saudi Arabia’s John D Rockefeller strategy to permanently drive U.S. shale out of the energy market, the exact opposite result has occurred. Unwittingly, the Saudis have made the Americans the new global energy swing producer, the permanent ceiling for the global price of oil."

And the Russians and Venezuelans

Although I would like to fancy myself an icy veined pragmatic, I find myself drawn to cooking meat over a fire. It must be the Neanderthal in me. In the military we called a fire "ranger television".

Good morrow

The anti gay prop only passed because of the African American vote. It sorta makes my point with regard to gerrymandering. Your biggest strength is your biggest weakness.

It does, however, have a YUGE effect on House and Senate, which are the obstructionists or enablers depending on the year and a person's persuasion. Considering that's a branch of government which approves or denies the wishes of a second filling a third . . . it's not to be lightly dismissed. Except for the inconvenient truth that senate races are statewide and are not subject to gerrymandering shanaganians....you should have learned that in eighth grade civics.

That is what I am talking about; a slight relaxing of overburdensome regulations. Zero downside, thousands of jobs and reduced energy prices for everyone.

That is true, however it would have had no impact on the outcome of the presidential election. We can't go to a sane redistricitring without decimating safe black districts, and the CBC will not allow that to happen.

How does gerrymandering impact national elections? One cannot gerrymander California red anymore than one could gerrymander Utah blue. Congressional district yes, national elections no. BTW the Congressional Black Caucus is perhaps the most egregious gerrymander er.

It was the sentiment that was expressed on several placards during the anti-Trump rallies I was watching this morning.

Those were my thoughts as well. WiFi in my opinion is overkill.

Yeah, I have a controller for my egg smoker, it makes holding 225 much easier then messing with the intake and exhaust valves. Don't get me wrong I love my smoker and would never sous vide a pork butt. (I would have my man card pulled). Sous vide is just another tool in the arsenal.

I got a Gourmia, makes some noise in the wearer level gets low, but it is very easy to use. Unlike my smoker (which I love BTW), you can leave it unintended for a day or two. Another advantage is that your "window of done" is measured in hours not minutes. On the downside, it takes longer than traditional methods and you can't brag about your mad culinary skills because it is so easy. A child can make a perfect brisket with ten minutes of prep.

The Right was mocked and ridiculed by Jon Stewart et al for wanting to "take back their country." I wonder what he thinks now that the shoe is on the other foot.