Maybe he's not a pathological liar, but instead a truly confused person who just can't manage the thought process.
you know ...
a MORON!!!!
Keystone XL, like all oil industry projects, is enabled by substantial taxpayer subsidies. Three of the refineries that are planning to process the pipeline’s oil have invested in special equipment to handle the extra heavy tar sands oil. According to our conservative estimates, the U.S. taxpayer is subsidizing these investments to the tune of $1.0-1.8 billion.http://priceofoil.org/2012/02/08/key...yer-subsidies/ Originally Posted by WTFThere are no subsidies. The article is bullshit. Do you know anything about financial accounting, fagboy? The refineries use accelerated depreciation on their capital investments. That means they can write them off faster for tax purposes. It affects the timing of taxes, not the amount. It happens in all kinds of industries and it's not a subsidy. A subsidy is a PERMANENT tax reduction or cash payout - like cash for clunkers, or putting solar panels on your roof, i.e. when you get an immediate tax break (or cash rebate) and you don't have to pay it back later.
While I agree that it going to market will not spike oil prices....The oil is going to market whether we process it or it is processed somewhere else so your argument is bogus that we need it to lower prices.
. Originally Posted by WTF
I guess everyone missed the part about the Canadian oil people not needing the pipeline anymore. It's obsolete! They turned on another pipeline way back in January that does Most of what they needed plus the rail is now able to transport 10 times more oil than before. Canada had already said they will not use it if built but hey let's build out even if it goes unused. Originally Posted by BigLouie
Keystone XL, like all oil industry projects, is enabled by substantial taxpayer subsidies. Three of the refineries that are planning to process the pipeline’s oil have invested in special equipment to handle the extra heavy tar sands oil. According to our conservative estimates, the U.S. taxpayer is subsidizing these investments to the tune of $1.0-1.8 billion.http://priceofoil.org/2012/02/08/key...yer-subsidies/ Originally Posted by WTF
I recall when Nixon "impounded" Federal funding for public schools (and other Federally funded projects) ....That is some first class blithering, I tell you what!
....now I will be able to remember when Congress "impounded" some of the President's "pet projects."
"The Golden Rule": Whoever has the Gold rules....
In this case the "purse strings"!
I hope Michelle is ready to get in her own "purse" for the "pet projects"! Originally Posted by LexusLover
There are no subsidies. The article is bullshit. Do you know anything about financial accounting, fagboy? The refineries use accelerated depreciation on their capital investments. That means they can write them off faster for tax purposes.It means you get your investment back faster than other business do. That is a subsidy.
. Originally Posted by lustylad
Idiot. Those are subsidies for refineries. Keystone is a pipeline project. It isn't getting anyNo it gets eminent domain to take the land it wants. Now you're pro New London?
targeted government subsidies.
. Originally Posted by Whirlaway
We need electric cars and batteries too, are you for those government subsidies? You sure seem to pick and choose which one's you are for and against.
America needs newer refineries. The few we have are antiquated and over capacity. Originally Posted by Whirlaway
No it gets eminent domain to take the land it wants. Now you're pro New London?
Originally Posted by WTF
But that isn't what you posted twice...You claimed the federal government subsidies were in the billions for refineries.....not eminent domain purchases. And land purchases for right of way are at the cost of the pipeline owner - TransCanada. Where is the government subsidy ????? Originally Posted by WhirlawayWithout the refineries refining the product....there would be no pipeline.
. And land purchases for right of way are at the cost of the pipeline owner - TransCanada. Where is the government subsidy ????? Originally Posted by WhirlawayEither make a deal or we use eminent domain...which has been used 2% of the time btw.
It means you get your investment back faster than other business do. That is a subsidy.Accelerated depreciation results in a timing difference, not a subsidy. The government collects the same amount in taxes; they're just back-loaded over the life of the equipment. Accounting 101. And it's not just for Canadian oil; it applies to ANY capital spending to expand ANY refinery.
Originally Posted by WTF
You do understand that because of this Nebraska Judges ruling that landowners in Nebraska have received quite a bit more than say landowners in Texas. That is a powerful tool to have as a company in talks with landowners....a government subsidy if you will. Originally Posted by WTF
Without the refineries refining the product....there would be no pipeline. HAHAHAHA...YOU GOT ANY PROOF FOR THIS STUPIDITY ?? OR ARE YOU NOW ARGUING SOMETHING COMPLETELY IDIOTIC, LIKE WE SHOULD CLOSE ALL REFINERIES TO END WORLD DEPENDENCE ON FOSSIL FUEL???? GEEEZ, YOU CHANGE YOUR LOGIC TO ARGUMENTS LIKE WEATHER CHANGES - CONSTANTLY.!
So you do understand how the refinery subsidy has a direct effect on Keystone and it's cost effectiveness.
Either make a deal or we use eminent domain...which has been used 2% of the time btw.
You do understand that because of this Nebraska Judges ruling that landowners in Nebraska have received quite a bit more than say landowners in Texas. That is a powerful tool to have as a company in talks with landowners....a government subsidy if you will.
Should the government use eminent domain to take land for Wind Turbines?
http://www.forbes.com/sites/jamesconca/2014/02/24/foreign-company-tries-to-seize-u-s-land-for-keystone-pipeline/ Originally Posted by WTF
Accelerated depreciation results in a timing difference, not a subsidy. The government collects the same amount in taxes; they're just back-loaded over the life of the equipment. Accounting 101.You do understand that time is money. Which is more valuable 10 million dollars today or 10 million dollars 20 years from now?
Originally Posted by lustylad