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Old 10-26-2020, 11:05 AM
 
18,130 posts, read 25,291,852 times
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Quote:
Originally Posted by Mr. Football View Post
Will Houston become the next Detroit under Joe Biden's plan?
Biden was vice-president (2009-2017) when the US had one of the biggest oil booms ever
But we know that republicans hate facts

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Old 10-26-2020, 11:12 AM
 
18,130 posts, read 25,291,852 times
Reputation: 16835
Quote:
Originally Posted by bu2 View Post
Houston really took off when Reagan got elected and he got rid of Jimmy Carter's "windfall profits tax."

He also reformed the tax code and made limited partnerships a very good investment vehicle that drove a lot of investment.

The crash happened when worldwide oil prices crashed.
Reagan was president from 1981 to 1989
The graph above shows a decline in US oil production during that period of time

But hey, don't let facts get in your way, keep on going
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Old 10-26-2020, 11:13 AM
 
2,548 posts, read 4,054,486 times
Reputation: 3996
Quote:
Originally Posted by Dopo View Post
Biden was vice-president (2009-2017) when the US had one of the biggest oil booms ever
But we know that republicans hate facts
right, because it *makes sense* that Democrats would want to do things like ruin the economy, destroy the suburbs, and murder babies. If you want to believe these things, I guess facts aren't going to stop you!
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Old 10-26-2020, 11:13 AM
 
19,797 posts, read 18,093,261 times
Reputation: 17289
Quote:
Originally Posted by houston-nomad View Post
Bottom line is, the President can't "shut down" an industry. If an industry is thriving, it will thrive. What a President can do is to stop subsidizing industries. I would think conservatives would be in favor of ending "socialist" subsidies to industry. And the President can protect federal land and water from drilling/fracking etc. Again, that's just capitalism: let private industry use private land.
Can you list some of these fantastic subsidies? I know what they are and their impact. People like you love to grandly oversell.

Natural gas has allowed us to keep up with increasing BTU demand AND decrease our carbon footprint over the last number of years.

As T. Boone Pickens used to say we should use natural gas as a bridge to the future. It's the cleanest item we have that yields significant power. PV solar and wind at scale don't work without gas and won't for many years - probably at least 50.

We should as cleanly as possible extract gas to supplant coal and usher in PV, wind etc. longer term. EIA says gas will still be the #1 fuel for electrical power in 2050 and by a lot. So it's time to get real and stop playing around.
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Old 10-26-2020, 11:14 AM
 
19,797 posts, read 18,093,261 times
Reputation: 17289
Quote:
Originally Posted by astrohip View Post
The only people who think that are Trumpers. People who deal in reality know better. As you say, the economics don't support it. Economics are reality.
Can you explain that a little?
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Old 10-26-2020, 11:16 AM
 
19,797 posts, read 18,093,261 times
Reputation: 17289
Quote:
Originally Posted by Dopo View Post
Biden was vice-president (2009-2017) when the US had one of the biggest oil booms ever
But we know that republicans hate facts
Did Obama and Biden do anything to help that along? No they did not.
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Old 10-26-2020, 11:19 AM
 
19,797 posts, read 18,093,261 times
Reputation: 17289
Quote:
Originally Posted by Dopo View Post
Reagan was president from 1981 to 1989
The graph above shows a decline in US oil production during that period of time

But hey, don't let facts get in your way, keep on going
Oil prices vs. the cost of producing conventional oil in The US during that era - not to mention an intense lack of financial liquidity in TX over those years - drove most of that.
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Old 10-26-2020, 11:21 AM
 
18,130 posts, read 25,291,852 times
Reputation: 16835
Quote:
Originally Posted by EDS_ View Post
Can you list some of these fantastic subsidies? I know what they are and their impact. People like you love to grandly oversell.
HOW DOES THE FEDERAL GOVERNMENT SUBSIDIZE AIR SERVICE TO SMALL COMMUNITIES?
https://www.enotrans.org/eno-resourc...l-communities/

Over the past 15 years, changes in the airline industry have consolidated air service at the largest hub airports while passenger levels at medium hubs have remained consistent.[1] But the smallest of airports usually do not have enough demand to maintain commercial air service. So for nearly 40 years, the federal government has been funding air travel to and from small communities across the United States.

In 1979, when the federal government deregulated the airline industry, Congress established the Essential Air Service Program (EAS) to subsidize flights to the smallest airports. The busiest of those airports, Joplin, Missouri, has on average fewer than 160 passengers per day.[2] Some EAS airports have fewer than a dozen passengers departing per day.

Last edited by Dopo; 10-26-2020 at 11:37 AM..
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Old 10-26-2020, 11:22 AM
 
2,548 posts, read 4,054,486 times
Reputation: 3996
Quote:
Originally Posted by EDS_ View Post
Can you list some of these fantastic subsidies? I know what they are and their impact. People like you love to grandly oversell.

Natural gas has allowed us to keep up with increasing BTU demand AND decrease our carbon footprint over the last number of years.

As T. Boone Pickens used to say we should use natural gas as a bridge to the future. It's the cleanest item we have that yields significant power. PV solar and wind at scale don't work without gas and won't for many years - probably at least 50.

We should as cleanly as possible extract gas to supplant coal and usher in PV, wind etc. longer term. EIA says gas will still be the #1 fuel for electrical power in 2050 and by a lot. So it's time to get real and stop playing around.
It turns out that if you google "does the federal government subsidize the oil and gas industry," you'll get plenty of information! Amazing. But since you asked me instead, here's one:

https://www.theguardian.com/environm...s-abolish-them
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Old 10-26-2020, 11:54 AM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,502,540 times
Reputation: 5061
Quote:
Originally Posted by Dopo View Post
Reagan was president from 1981 to 1989
The graph above shows a decline in US oil production during that period of time

But hey, don't let facts get in your way, keep on going
Yes Reagan pursued policies that brought on the oil glut to hurt the economy of the Soviet Union which lead to the dissolution of the old Soviet Empire. The Texas economy was collateral damage.

Banning fracking would help the price of oil thus help the Texas economy but will destroy the idea of American energy independence at least from the oil and gas perspective, but America never really did appreciate the concept or benefit of American energy independence so "SCREW IT". I look forward to $4 gas again in the next 4 years....and ironically enough that will benefit alternative energy sources and further hasten the ultimate demise of oil as a primary transportation energy source....
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