Tag Archives: greed

Fossil Fuel Subsidies

How do you reblog comments? I don’t know, but I know how to use copy and paste, so here’s some interesting pasting.  You’ll see a link to Counter Punch at the end of the comment so you can follow up if interested.  With our local price of gas at $1.57.9 dollars a liter, the following begins to make sense.  Why be satisfied with tax payer guaranteed subsidies when you can gouge the same public at the gas pump as well?  Who ever heard of rats saying, “OK, that’s enough!” They will squeeze the lemon until the very pips squeak.

❝ The United States has spent more subsidizing fossil fuels in recent years than it has on defense spending, according to a new report from the International Monetary Fund. The IMF found that direct and indirect subsidies for coal, oil and gas in the U.S. reached $649 billion in 2015. Pentagon spending that same year … Continue reading Fossil fuel subsidies even greater than military industrial complex — Eideard

“The military is the linchpin, playing a pivotal role intensifying the climate crisis.

Consider the basic facts. The US military is:

+ The single largest institutional consumer of fossil fuel in the world;

+ The most powerful global force securing oil and protecting oil infrastructure;

+ The leading director — along with the big bankers and fossil fuel giants — of the elites’ plans for dealing with the coming crisis. The military and big corporations are not in climate denial — they are in control — and plan to keep it that way as the climate deteriorates.

+ The war machine’s enormous consumption and strategic capture of fossil fuels and their behind-the-scenes management of the crisis hints at its true role: sponsor of big oil and co-creator of the climate crisis.

The dominance of fossil fuels and the supremacy of the US empire rely not on victory in war or on market savvy or “value added” to the economy but on their political power. That power makes destructive and wasteful industries extremely profitable. The Oil Empire relies on massive public funding, carefully crafted exemptions to law and immunity from the economic, social and environmental damages they inflict.

The military can only maintain the fiction that it protects our security by concealing its role as destroyer of the very things we really need to survive: a healthy environment and a democratic society. ”

https://www.counterpunch.org/2019/05/17/the-interlocking-crises-war-and-climate-chaos/