hartmann report: "Why are Americans Subsidizing Our Own Extinction?"

[orleans]

"To stop our climate-change-driven suicide, Congress must stop allowing oil exports, end subsidies to the fossil fuel industry, and promote clean American energy"
by Thom Hartmann
https://hartmannreport.com/p/why-are-americans-subsidizing-our

(worth reading)
here's a snippet:

Each American — man, woman and child — paid around $2000 last year to subsidize the fossil fuel industry, according to an analysis this year by the International Monetary Fund (IMF).

~~snip~~

It costs, in 2022 dollars, an average of $23 a barrel to produce oil in the US from existing wells and $48 a barrel from new wells (which includes all the costs of ramping up to production).

So why isn’t oil in the US selling for, say, $50 or $60 a barrel, where oil companies could make a sweet profit and gas prices would float around $2.50 a gallon?

It goes back to a massive and expensive lobbying effort by Big Oil in 2015: a handful of fossil-fuel-owned Democrats joined the entire bought-off GOP in pushing legislation through Congress that reversed President Ford’s 1975 ban on exporting American oil. President Obama, over the loud objections of most Democrats, signed the legislation on December 18th of that year.

[Deuxcents]

1. I get his newsletter everyday

In my email box. Always learn something ..

[Magoo48]

2. It's a damn good fucking question.

Why isn’t killing oil subsidies the very first thing ever Dem says they will support and do.
The fossil fuels industry is killing life on earth.

[Kaleva]

4. Is it a serious enough issue for it to make you a single issue voter?

That you won't vote for or support any candidate that isn't fighting day in and day out in an effort to mitigate climate change?

[Magoo48]

5. It is without a doubt the most serious issue on our home planet right now.

If we all don’t put it first relatively soon, everything else will be profoundly moot.

We’ll be like the well known frogs in the pot; our collective geese will be cooked. P

[Kaleva]

8. One UN report stated we have till 2025 to turn things around.

[gratuitous]

3. Shell posted a first quarter profit of $9 billion

So, I think it's pretty obvious why we need to subsidize the fossil fuel industry. Unless you hate capitalism!

[marie999]

6. I am watching Mass Effect Trilogy and one of the characters quoted Thomas Hobbes.

When all the world is overcharged with inhabitants, then the last remedy of all is war, which provideth for every man, by victory or death." As climate change gets worse, there will be wars over fertile land.

[jalan48]

7. The short answer, because corporations are in charge of our government.

[Rhiannon12866]

9. K&R! Well said, thanks for posting!

[orleans]

10. twitter thread

Link to tweet