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The Swarm Lounge
2015 Warmest Year on Record
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<blockquote data-quote="Deleted member 2897" data-source="post: 325747"><p>That's a good read. Plus, as I said, much of that is not specific to oil and gas. But giving consumers massive tax breaks percentage-wise specifically on green energy products like solar panels and electric cars is what I was hinting at. Oil companies make about a 8%-9% profit margin - most people wouldn't even get out of bed for that much money. In fact, the government makes more money on taxes off of gasoline than the oil industry does on profit. So all this BS about tax breaks for oil companies is poppycock. Its only because the companies are so big that the numbers look big. Percentage-wise its peanuts. Consumers pay out the rear end on taxes when they buy gas. But the government pays out of the rear end in tax breaks to incent people to buy green products. I got quoted $30k a few years ago to put solar cells on my roof - about $18k after tax breaks. That is an amazing subsidy to get me to buy that stuff...the consumer is taxed if they buy one thing, begged and pleaded with to buy the other. Apples and Oranges.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 325747"] That's a good read. Plus, as I said, much of that is not specific to oil and gas. But giving consumers massive tax breaks percentage-wise specifically on green energy products like solar panels and electric cars is what I was hinting at. Oil companies make about a 8%-9% profit margin - most people wouldn't even get out of bed for that much money. In fact, the government makes more money on taxes off of gasoline than the oil industry does on profit. So all this BS about tax breaks for oil companies is poppycock. Its only because the companies are so big that the numbers look big. Percentage-wise its peanuts. Consumers pay out the rear end on taxes when they buy gas. But the government pays out of the rear end in tax breaks to incent people to buy green products. I got quoted $30k a few years ago to put solar cells on my roof - about $18k after tax breaks. That is an amazing subsidy to get me to buy that stuff...the consumer is taxed if they buy one thing, begged and pleaded with to buy the other. Apples and Oranges. [/QUOTE]
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