Wednesday, July 6, 2022
The Green Market Oracle
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
The Green Market Oracle
No Result
View All Result
Home Other

Obama’s Call for an End to Oil Subsidies and Big Oil’s Suggestion

by Richard Matthews
July 4, 2011
in Other
0

To make cuts in American government spending the President has once again proposed ending oil subsidies. On Wednesday June 29, President Barack Obama, indicated that it reasonable to expect oil and gas companies that “have done so well” in the current economy to give up some breaks to help close federal deficits. “I don’t think that’s real radical,” he said.

In response to calls to end oil subsidies, Jack Gerard, president of the American Petroleum Institute, told Washington Wire, rather than cutting subsidies or raising taxes on the oil and gas industry, America should increase their exploitation of domestic petroleum resources.

The industry has been pushing for more production in places such as the Gulf of Mexico and Alaska. Big Oil is seemingly oblivious to the environmental costs. These risks are particularly great as they apply to offshore oil.

Last summer we witnessed a massive oil spill in the Gulf of Mexico and Alaska has seen its share of devastating oil spills. The 1989, Exxon Valdez spill in Alaska impacted over 1100 miles of non-continuous coastline in Alaska. Despite miles of booms, scores of skimming ships and armies of beach washers, only 14 percent of the oil was ever cleaned up.

In the 2010 Gulf of Mexico spill, more than 700 million liters of crude oil leaked into the water. Some have suggested that efforts to address the spill have exacerbated the problem. Dispersants used to reduce the size of the oil slick also impacting upon marine ecosystems. A break in a BP-owned pipeline on the North Coast of Alaska spewed 200,000 gallons of oil in March 2006.

The fact that fossil fuels are the leading cause of climate change make taking advice from Big Oil sort of like asking a thief about security. Its would be a great idea if they did not want to steal from you.

© 2011, Richard Matthews. All rights reserved.

Related Post
Independence Day 2011: Declaration of Freedom from Fossil Fuels

ShareTweetShare
Previous Post

Independence Day 2011: Declaration of Freedom from Fossil Fuels

Next Post

Environmental Compliance and Enforcement at INECE’s 9th International Conference

Related Posts

Seasons Greetings from the Green Market Oracle

by Richard Matthews
December 24, 2021
0

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Environmental Plebiscites: Municipal Referendums and State Ballot Initiatives

by Richard Matthews
November 12, 2020
0

The November 3rd election not only elected an environmentally responsible president it also gave Americans a chance to vote on environmental issues in five state ballots and two city referendums. Americans ...

Next Post

Environmental Compliance and Enforcement at INECE’s 9th International Conference

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Energy

Nuclear Energy Versus Fossil Fuels

by Richard Matthews
July 5, 2022
0

Nuclear power is garnering an increasing amount of attention as a climate-friendly energy alternative to fossil fuels which are greenhouse...

Read more
different types of economic systems assessed by sustainable development goals

Types of Economies and their Implications for Sustainability

June 28, 2022
The facts about Nuclear Energy reveal that it is safe and clean but it is not renewable

Fact Check Reveals Nuclear Energy is Safe and Clean but not Renewable

June 13, 2022

Environmental Implications of Three Types of Economies: Brown, Blue and Green

June 3, 2022

Types of Nuclear Energy: Where We Were and Where We are Today

May 31, 2022
  • About
  • Climate Change
  • Energy
  • Business and Economics
  • Politics
  • Technology
  • Social Change
  • Events
  • Other

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business and Economics
    • Leadership
    • Supply Chains
  • Economics
  • Energy
    • Fossil Fuels
    • Renewables
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Food
    • Transportation
  • Social Change
    • Education
    • Activism
    • Psychology

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In