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Originally Posted by tim3058
What do you base the "Bureaucrats have already distorted the market by heavily subsidizing fossil fuels" on?? As far as I know they are subsidizing the alternative fuels (correct me if I'm wrong), to the extent they instituted a 10% ethanol-monopoly at the pumps (which is killing my mpgs!!!!)
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Well, just in one article, oil companies get $2.7 billion just in income tax subsidies alone, not to mention interest-free loans, R&D subsidies, subsidized oil cleanup, and the DOE, which is funding research into oil exploration, at a cost at least $120 million. And of course, that doesn't include the cost of the military, which spends an awful lot of time defending our interests in oil-rich countries. Worldwide, fossil fuels get over $500 billion in subsidies, compared to $46 billion for renewables.
Then add in the smog, fuel economy and safety exemptions auto companies get to make large trucks cheaper, and the famous Bush "large truck depreciation write-off", and the fact that everybody seems to have a "small business" on the side that they use to write off their toy haulers, with no oversight by the IRS...