Comments on: ‘Bailout’ for Oil Companies $20-40 Billion (and maybe more) every year

By: Funding our Future

Funding our Future — Tue, 11 Aug 2009 17:41:02 +0000

[...] and cutting back on subsidies to polluting industries (the oil industry receives as much as $40 billion a year from [...]

By: LVTfan

LVTfan — Tue, 07 Oct 2008 12:47:46 +0000

Collecting royalties doesn’t effect prices. It simply shifts some of the revenue out of private and corporate pockets into the public treasury, where it belongs.

I find little about which to be enthusiastic about in Sarah Palin, but she did do something very wise and smart with regard to Alaska’s oil revenue. Alaska’s oil is drilled on state-owned lands, and Alaska changed its royalties structure to collect more for common purposes.

See PBS’s NOW program transcript — it was either 8/1 or 8/8 — on the subject, and commentary on an article from late August at lvtfan.typepad.com

By: John Maszka

John Maszka — Mon, 06 Oct 2008 20:32:56 +0000

This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? We could do twice as much good for the economy by giving half as much money directly to hardworking American taxpayers. A bird in the hand is worth two in the bush administration.