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Southwest Airlines

Petroloons

By Energy Efficiency, Energy Rant, Government, Tax Stuff, Utility Stuff No Comments
A few weeks back in Evil v Clueless, I attempted to clarify populist, rhetorical BS that crops up in times of rising gasoline prices. True to form, a couple really stupid death-spiral proposals have surfaced: ending “tax breaks” for oil companies and reigning in speculators. Bashing big oil has surfaced this gem again: we need to end tax breaks/subsidies for big oil. The angry mob of medieval grunts raise their clubs and swords to the air and roar approval. The “tax breaks” they are talking about are the same ones every company in the US uses and rightly so: depreciation…
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