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40 comments on Offshore Drilling Debate
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40 comments on Offshore Drilling Debate
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GAIA Host Collective
Hmmm, let me see.
The state is going to fund innovation to move transport off oil and the state is going to subsidize consumers in the purchase of innovative off oil transport vehicles and they want me to spend big bucks wildcatting in locations where there is no known source rock and have me pay for all the forgoing out of my "rumour oil" revenues.
Where do I sign up? Sounds like an offer I cannot refuse.
Also, there is not much difference in cost between drilling 80 miles offshore and drilling 120 miles offshore all else being equal.
What would Sarah do?
Unfortunately, I think we may soon find out. :(
Well, the state probably won't subsidize consumers directly, More likely it will dump their tax money into the producer without the intermediate runaround. Consumers will get some sort of credit deal, maybe like a student loan, where they can never default no matter how the fixed rate fluctuates. But overall, yes, you get the idea: "Win-Win".
The auto-industry, investment banks and big players will be made whole. The smaller fish, the car-dealers and developers, the smartgrowthistas, the ankle-biter developers, they will be made whole so they can continue to serve the piranhas.
cfm in Gray, ME