How high must oil go before we end subsidies?

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"How high must oil go before we end subsidies?"

oil-well.gifSo, who said:

With $55 oil we don’t need incentives to oil and gas companies to explore. There are plenty of incentives.

Yes, that would be our President three years ago. And yet with oil at nearly twice that price — Bush still refuses to cut subsidies and shift that money to clean technologies. And he still claims the solution to our energy and climate problems is “technology, technology, technology, blah, blah.” But, as we’ve seen, that is all just rhetoric or sleight of hand.

Director of Energy Strategy at the Center for American Progress, Daniel J. Weiss, has an article on the urgent need for this switch in priorities, “Unbearable Cost of Oil: Record Prices Require Senate Action.” As Weiss points out, this will be one more chance for McCain to do the right thing:

On December 13, this effort to adopt a clean energy tax package failed by 59-40, with Sen. John McCain (R-AZ) absent. His vote could have made the difference. His spokesperson said that “he would not have supported breaking the filibuster.” In other words, he would have voted against renewable energy and for Big Oil.

Let’s see if McCain backs Big Oil again.

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4 Responses to How high must oil go before we end subsidies?

  1. The direct subsidies are just the tip of the iceberg.

  2. David B. Benson says:

    Until we either have a veto-proof super-majority in the Senate or a non-vetoing Prez.

    Or both.

  3. Jay Alt says:

    Until we either have a veto-proof super-majority in the Senate or a non-vetoing Prez.
    Or both.

    That seems unlikely to me but it would allow effective policies to be put in place. But they must be maintained, this will be an intergenerational effort. Control of Congress and the White House will change. More Republicans and others like Sen. Mary Landrieu (D-LA) must be brought aboard.

  4. Ronald says:

    There was a good article in the New York Times today on the democratic attempt at to get to 60 voting democratic. (2 are independents who vote democratic) 22 Senators up for reelection are Republicans and only 12 Democrats. It looks like a few of the Republican Senators are vulnerable and only a one Democrat. It’s will still be hard to do.