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Originally posted by timetothink
reply to post by LDragonFire
I support the rights of private citizens to do what they please with the money they earned...this is America.
You’ll remember that right here in New Jersey; the State has already authorized a $100 MILLION taxpayer subsidy to install windmills off our coast. This scheme would be a disaster for the state, raising rates and killing jobs!
The Beacon Hill Institute’s economic analysis of this boondoggle showed it could cost New Jersey as much as $4.137 BILLION, drive electricity rates up 4.2% in 2017, and result in as many as 4,440 lost jobs!
“The Most Expensive Offshore Wind Power In The World”
More recently, outside consultants for the State said that a proposal to complete this boondoggle would result in “The Most Expensive Offshore Wind Power In The World”. If implemented, the plan would cost New Jersey:
A staggering $946.1 million in economic activity over 20 years;
The loss of almost 30,000 jobs; and
Would drive up electricity rates by $286 million!
Federal coal subsidies are forms of financial assistance paid by federal taxpayers to the coal and power industry. Such subsidies include direct spending, tax breaks and exemptions, low-interest loans, loan guarantees, loan forgiveness, grants, lost government revenue such as discounted royalty fees to mine federal lands, and federally-subsidized external costs, such as health care expenses and environmental clean-up due to the negative effects of coal use. External costs of coal include the loss or degradation of valuable ecosystems and community health.
According to research by GigaOm analyst Adam Lesser, buried in a 2011 report from the International Energy Agency is the fact that fossil fuels currently receive subsidies via "at least 250 mechanisms."[1]
In June 2010, the U.S. Energy Information Administration (EIA) said $557 billion was spent to subsidize fossil fuels globally in 2008, compared to $43 billion in support of renewable energy. In a July 2011 EIA report on federal fossil fuel subsidies, coal was estimated to have tax expenditures (provisions in the federal tax code that reduce the tax liability of firms) with an estimated value of $561 million in FY 2010, down from $3.3 billion in FY 2007.[2]
U.S. Senator Tom Coburn (R-OK) today released a new oversight report, “Treasure MAP: The Market Access Program’s Bounty of Waste, Loot and Spoils Plundered from Taxpayers” highlighting more than $2 billion in taxpayer dollars indirectly subsidizing the advertising costs of some of the most profitable agriculture companies and trade associations doing business overseas. You will recognize many of these company brands as household names, such as Welch’s, Sunkist, and Blue Diamond. Despite their combined $2 billion in sales in 2009, Treasure MAP shows how these companies received more than $6 million in 2012 from taxpayers for product promotion. Also receiving millions from taxpayers for private overseas advertising are the agricultural trade groups whose members include Tyson Foods, Purina, Hershey’s, Georgia-Pacific and Jack Daniels. With a multitude of other agriculture, and fiscal priorities facing our nation, this report shows it is time to reduce funding for the Market Access Program (MAP).
“At a time when we are cutting funding for our troops, taxpayers cannot continue to subsidize the filming of Reality-TV shows in India, wine tastings for foreign journalists, pet food advertising, and even to advertise pet shampoo anymore,” said Dr. Coburn. “We need to make tough choices.”
Among the key findings, the report exposes:
• Blue Diamond Growers almond company has received more than $28 million from MAP since 1999 to market its almonds overseas.
• Reality TV fashion and design show in India, Let’s Design, received $20 million.
• One of the world’s biggest sellers of fresh fruit, Sunkist Growers, received $34.1 million since 1999.
• California raisin growers received $31.7 million since 1998 to promote branded image California Raisins, internationally.
• A company specializing in organic hair products for dogs, cats, and horses, including “Boost! Volumizing Spray” and “Freeze! Hair Hold” hair sprays for dogs, Espree Animal Products, receives MAP funds to boost sales in the U.S. and overseas.
- $9.45 billion profits, or almost $104 million per day in the first three months of the year.
- 13 percent: The tax rate Exxon paid last year, lower than the average American family.
- 60 percent of its first quarter earnings, or $5.7 billion, on buying back stock. Became world’s largest dividend payer by increasing dividends 21 percent.
- $1,091,000: Political contributions sent to federal politicians for the 2012 election cycle, making it the largest oil and gas spender.
- 91% of these contributions went to Republicans.
- More than $52,000,000: Lobbying for the first three years of the Obama presidency, 50 percent more than in the Bush Administration.
- $34.9 million: Exxon CEO Rex Tillerson’s salary for 2011, a 20 percent raise.
- $52,300: Political contributions from Exxon CEO Rex Tillerson in the 2012 cycle, alone.
- No. 2: Fortune 500 list of richest companies and for highest-paid CEO.
The main beneficiaries of more than $800 billion of federal energy incentives over the past six decades have been the oil and natural gas industries, a newly updated study reveals. The oil and natural gas industries together garnered 58 percent of federal incentives between 1950 and 2010, with 44 percent of the roughly $837 billion in federal support going to the oil sector, according to the report by the consulting firm Management Information Services Inc (MISI) Source: Nuclear Energy Inst. nei.org - click on the PDF file to read breakdown
Renewable energy has snagged just a fraction of the federal subsidies that fossil fuels and nuclear received when they were emerging technologies, according to a new report from venture capital firm DBL Investors.
The report probably isn’t surprising to renewable energy backers who have long argued that subsidies for fossil fuels make it impossible to compete. And it’s unlikely to settle the debate over ending subsidies for the oil and gas industry. But it does provide a valuable historical view of each energy source and helps explain why they’re so dominant today.
Originally posted by timetothink
reply to post by LDragonFire
I support the rights of private citizens to do what they please with the money they earned...this is America.
Originally posted by v1rtu0s0
Koch-Fueled Americans For Prosperity Plans Protest Against ‘Extremist’ Kids Flying Kites In Support Of Wind Energy
AFP will be going toe to toe with the environmental extremists to combat their radical agenda and tell the truth about the costs of offshore wind.
Originally posted by jibeho
You know what that means though. Rates will go UP to offset the revenue lost to those who generate their own power. The public utilities are making too much money to afford that loss.
Originally posted by Blackmarketeer
And keep in mind Wind and Solar are EMERGING technologies.
The windwheel of the Greek engineer Heron of Alexandria in the 1st century AD is the earliest known instance of using a wind-driven wheel to power a machine.
Originally posted by Blackmarketeer
Please don't tell me you are comparing ancient wind mills to a modern wind farm generating electricity...
The first windmills for electricity production were built by the end of the 19th century by Prof James Blyth in Scotland (1887)
La Cour's mill from 1896 later became the local powerplant of the village Askov.
Forerunners of modern horizontal-axis utility-scale wind generators were the WIME-3D in service in Balaklava USSR from 1931 until 1942
The modern wind power industry began in 1979
Originally posted by sealing
The Koch Inheritence Brothers are public enemy #1