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Posted by: Wolfie2007 1 year, 4 months ago
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Wolfie20071 year, 4 months ago
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"Unlike offshore drilling, these credits could have an immediate impact on America’s energy profile. "
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I don't know about the rest of you but I haven't felt any impact from solar or wind industries. I don't happen to like having to support new businesses. If a business can't make it without taxpayer dollars then that company shouldn't be in business. Wind and solar will not make the United States energy independent only drilling will.-
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Beau78901 year, 4 months ago
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If there is an impact to be felt by a quick and simple action, it'll be from extending credits (and would be improved by increasing those credits to provide incentives so companies would invest more in solar and wind power). Drilling, as I'm sure you've read by now, will not increase supply for at least 9 years, according to the Department of Energy.
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Of course, the fastest impact on oil and gas prices would be to tap into our strategic reserves . What are they there for, if not to offset disruptions in the supply of oil like those we're experiencing now?
I understand that you don't like having to support new businesses, and I can see why it's not good policy for the government to do that, in general. However, when supporting those new interests can help further our national agenda (in this case, help reduce our dependence on foreign oil), it makes perfect sense. There are already many tax credits and deductions available to individuals and businesses--most of these exist in order to promote what the government feels is in the country's best interest.-
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flyonthewallzz1 year, 4 months ago
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My brother spent $25 grand on his solar system.
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He is off the grid completely.
This created surprise problems with the bank that was financing his home.
When they found out they pulled the funding.
The footing had been poured.
The trucks with the prefab units where at the bottom of the road.
It cost him $10 grand to send them back.
The deal is now: you can pay $2 grand less in taxes if you install a photovoltaic solar system and another $2 grand for hot water. The window can slam shut at any moment.
That $2 grand could reduce the pay back time by about a year and a half if you figure about $112 per month electric bill.
It would still take another 17 years to pay off the investment at that rate.
In my brothers case it would have cost him more to have pole put in.
He is up in the mountains.
I guess that if he paid it off as part of a 15 year mortgage the payments would jump by about $200 per month or $88 if you figure in no electric bill.
Renewable has to part of the equation, even if we drill everywhere, the refineries would not be able to keep up.
Chances are likely that the cost of solar equipment will go down (especially if it gets a kick in the A$$) and the price of energy will go up.
We do burn a good bit of oil to make electricity.
I slammed a fat stick through my brother's table saw and it ate it, no problem.
Individuals are pretty limited in how they can write off stuff like depletion and depreciation. And it may be scary to decentralize the energy sector in terms of established job loss. But a new industry would open, and a lot of the folks in the housing industry would be back to work.
Taxpayers have paid a fair amount of money to build an energy infrastructure.
If the goal is self reliance, I think it is valid to give the homeowners a little better tweek. -
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Lurch1 year, 4 months ago
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more every year during Republican admins than the solar and wind power industries have received in total throughout history.
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Wind and solar will do exponentially more to make America energy independent than all the offshore drilling Exxon John could ever imagine.
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Dionys1 year, 4 months ago
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" If a business can't make it without taxpayer dollars then that company shouldn't be in business."
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Absolutely.
Let's start with the Oil and Gas companies and their government tax breaks, lease-price breaks and subsidies.
Then we can move on to logging companies for whom the public pays through the nose to provide roads.
Then we can let those various loan companies crumble so that the American Public isn't stuck with their bills.
Or GM.
Let us know when you'll start bitching and moaning about these companies.
Oh yes- - Let's get rid of the internet, too, since that was started through DARPA.
You first. -
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lfergie8121 year, 4 months ago
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Wolfie2007 said
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"If a business can't make it without taxpayer dollars then that company shouldn't be in business"
I agree with you Wolfie. Let cut out the support to the oil companies that get millions of tax breaks from the taxpayers. While we're at it we can eliminate the farm subsidies that cost taxpayers millions of dollars alone with the bailout of Fanny May and all the other "businesses" that are failing because of poor government policies.
Wolfie2007 also said
"Wind and solar will not make the United States energy independent only drilling will."
That's great. Let them drill with their own money without taxpayers breaks and on the land that has already been approved for drilling. They have already gotten the price of gasoline near $4 a gallon with record breaking profits so why do they need tax breaks.
Wind and solar energy is the future and other countries are already ahead of us because of this administration's failed energy policies. -
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bruhaha1 year, 4 months ago
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"Wind and solar will not make the United States energy independent only drilling will."
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Drilling will NOT make the United States energy independent.
And based on your comments, you would agree that we should do away with the tax breaks, subsidies, etc for the oil and gas companies? -
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bigG1 year, 4 months ago
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"Wind and solar will not make the United States energy independent only drilling will."
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Drilling would only be part of the puzzle and it will take years to benefit from the areas people of your ilk keep talking about(Limbaugh,Coulter,Hannity, etc. induced I suspect)
Wind and solar power need to be a piece of the puzzle as well, as does conservation, the latter having the most immediate direct effect. (indeed it already has)
We also need to look at encouraging the use of high speed trains for transportation, especially between the major cities.
Oh, and by the way, my electric company tells me how much of the electricity comes from renewable resources, and it isn't enough(about 2 %). Maybe if the credits were extended that would change and help make the U.S. more energy dependent as well.
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