this post was submitted on 22 Apr 2024
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politics

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[–] disguy_ovahea 3 points 2 months ago (1 children)

He has been, but it’s much easier and faster to repeal legislation than it is to enact it. Trump took us back a decade in his first two years in office.

[–] Ensign_Crab -2 points 2 months ago (2 children)

He has been, but it’s much easier and faster to repeal legislation than it is to enact it.

Cool. Let's repeal oil subsidies.

[–] disguy_ovahea 2 points 2 months ago* (last edited 2 months ago) (1 children)

That’s part of the Inflation Reduction Act. In the Treasury Department’s Green Book, under the heading “eliminate fossil fuel tax preferences,” 13 current-law provisions will be repealed or replaced, raising $31 billion over 10 years. Additionally, the document details $66 billion of tax increases on the foreign income of U.S. oil and gas companies, costing the industry $97 billion.

[–] Ensign_Crab -1 points 2 months ago (1 children)
[–] disguy_ovahea 1 points 2 months ago* (last edited 2 months ago) (1 children)

I agree that Willow was a disappointment at first. They had existing leases, so they would’ve gotten the license with a subsequent lawsuit regardless. As part of the license agreement, the lease was reduced by a third, and they were required to forgo 68,000 acres of existing leases, which Biden recently included in the new 13 million acre reserve. Overall it was a big step back, and a bigger step forward.

https://www.npr.org/2024/04/20/1246085825/biden-restricts-alaska-oil-gas-leasing-reserve

[–] Ensign_Crab 0 points 2 months ago (1 children)

Overall it was a big step back, and a bigger step forward.

It was a big step back. I disagree that the step forward mitigates it with anywhere near the significance you're ascribing to it.

[–] disguy_ovahea 1 points 2 months ago (1 children)

In regards to climate change, the amount of oil extracted is not as impactful as the amount of land reclaimed. Each drilling site leased creates more CO2, and endangers more wildlife.

We can agree to disagree.

[–] Ensign_Crab 1 points 2 months ago

We can agree to disagree.

Let's.