Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
×

Comment Re:Buggy whips? (Score 1) 769

This gives a comprehensive overview of the fossil fuel subsidies in the US: http://www.oecd.org/site/tadff...
Far from all of these are available to other industries (somehow I doubt Apple is able to claim tax credit for production of low-sulphur diesel, or 15% tax credit for utilizing enhanced oil recovery methods or transporting Alaskan natural gas)

You might not have considered this, but the Low Income Home Energy Assistance Program and Strategic Petroleum Reserve are effectively fossil fuel subsidies.

Comment Re:Buggy whips? (Score 1) 769

Your comment made no sense.
When one industry gets a tax break, and another doesn't get that tax break, it is a subsidy. Same if some companies in one industry gets the tax break while others do not. That has nothing to do with you 100% tax straw man.

Solar panel installation gives the owner of the panels tax credits, which is a form of tax break. This is a government stimuli both for the person / company buying the panels and the producer.

Governments role as a regulator is more efficiently achieved by taxing unwanted behavior and stimulating wanted behavior - this makes a society more free compared to the alternative of outlawing/mandating the unwanted/wanted. Ideally the income from tax on unwanted behavior should offset the cost that behavior has to society. Oil production and consumption is a wanted behavior, it should be taxed not stimulated. Those tax breaks should be re-routed to increase sustainable energy production.

Comment Re:Buggy whips? (Score 1) 769

These are not tax-breaks available to all manufacturers. Deducting operating costs from taxable income is not a tax break. Deducting operating costs from payable tax or getting to deduct investments at a higher rate than other industries do, is.

The tax breaks are different from country by country, the Angolan tax breaks are by far the most generous. In Angola they get to deduct ALL costs from payable tax (not taxable income). That effectively means that the government of Angola pays for ALL the Oil-companies expenses.

UK grants temporary reductions in tax rate. Favorable write off rules. Favorable (below market rate) loans.
Norway covers 88% of development costs for new projects, this rate is higher than the tax rate. Large part of R&D grants earmarked for oil and gas. Transportation of petroleum products used to be subsidized.
Several East African countries: VAT and customs exemption (for parts or all of the activities / investments), more generous carry forward / carry back rules for losses. Favorable write off rules compared to other industries (ended in some of the countries).
The US: Oil companies gets tax incentives meant to keep jobs in the US - moving the oilfield to China is not a real threat. Investments in new wells are written off as operating expenses the year they occur, other businesses have to write off investments over several years. Oil companies operating in other countries gets to deduct royalty costs from their overseas operations on US tax (if the royalty is in the form of tax).
Several African and South American countries: Subsidizes petroleum products for local use - inflates global oil prices by increasing purchasing power for a particular product.
China: 0% interest loans to Oil companies, refineries etc.

The list is almost endless. Oil companies enjoy tax benefits and subsidies at a far higher rate than any other global business. The amount of money available as incentive for green energy production is negligible in comparison.

Comment Re:NIMBY and nukes (Score 2) 769

It's safe except where it REALLY isn't. You volunteering to move in close proximity to the Chernobyl plant? How about Fukashima? I even agree with your general point that nuclear's safety record is overall pretty good but your evaluation metric isn't the only relevant one and possibly not the most important. Risk is not simply a calculation of historical outcomes but also potential future outcomes. Nuclear might be safer now but it is not clear that it will remain so. Really it would only take a small number (possibly just 1) of nuclear accidents catch up in the number of deaths caused.

I volunteer to live within 15km of any new nuclear power plant built with current technology and safety margins.
Your statement about only a few or possibly one nuclear accident catching up to the number of deaths caused by other methods of power generation is absolutely absurd. More than a million people die yearly because of accidents and air pollution caused by other means of energy production. That would mean we'd have to have 500 Chernobyls a year to come even close.

The devastation caused by the Chernobyl accident is extremely limited and even if it happened once a year, nuclear would still be WAY safer than coal.

AND: The Chernobyl accident should NOT be attributed to a failure at a power plant - the accident was caused by an insane experiment combined with faulty equipment. Without the mad experiment the had no business being run at a normal power plant, there would have been no accident.

Fukashima is the only large scale accident under "normal" operating conditions - and by "normal" in this case we have waves significantly larger than the safety margins the plant was built to withstand. A new plant would have been constructed with better safety margins, but they were good enough for approval some 50 years ago - a time when we were less risk-adverse as a culture.

And remind me again, what's the number of fatalities from Fukashima? It's the 2nd largest accident and the number of confirmed fatalities has so far stopped at 2. Estimates of long term fatalities stop at about a 1000. That's 1/1000 of last years coal fatalities.

Nuclear pollution is (thankfully) infrequent but VERY severe when it occurs. When a nuke plant goes bad it can easily make an area uninhabitable for centuries. Coal plants are pretty nasty too but not as acutely and the cleanup is far quicker in terms of human lifetimes. Neither is without its drawbacks.

Plus you seem to be forgetting that nuclear power is presently inseparable from the potential to create nuclear weapons which in turn have the potential to kill billions. Coal might slowly choke us to death but nuclear weapons could erase that deaths/TWh gap within hours. I'm not opposed to nuclear power (in fact I think it is underutilized) but let's not pretend that there are no safety issues involved. There are without question governments and political leaders who I genuinely think should be kept away from nuclear power because of the proliferation problem. Even reactors like Thorium designs which make weapons harder still don't eliminate the problem entirely.

Nuclear weapons is irrelevant. Modern plants does not produce weapons grade materials in any meaningful quantities, and even if they did - that should not stop stable democracies from implementing them. I'm not suggesting building a 1. or 2. generation plant in Afghanistan.
Small terrorist states would not be able to produce nuclear weapons capable of killing billions as you say. Worst case (and then I really mean worst case) is a single city attack - 1 - 20 million people. That fissionable material would however never come from a modern power plant in the US or Europe.

Comment Re:Buggy whips? (Score 1) 769

From the countries where I've worked:
Angola: All expenses are deducted from payable tax (not deducted from taxable income) = 100% subsidized.
Norway: 88% subsidy, down from 91%.

Depending on who does the math the combined global oil subsidy is somewhere between 750 billion dollars and 2 trillion dollars. IMF estimates that 2.5% of global GDP goes to oil subsidies.

Comment Re:Buggy whips? (Score 1) 769

Fossil fuels are already heavily subsidized through tax-breaks and government investment. Most new oil projects are 50-80% subsidized (when counting tax-breaks as subsidy). That's without counting the cost of "stabilizing" the oil rich regions in the middle east with "peace operations".

If coal power plants had to pay for the actual damages they cause, solar, wind and hydro would be substantially cheaper than coal.
Coal based electricity production cause 1 000 000 deaths a year globally, not counting potential future deaths caused by climate change.

If you want a free and functioning energy market, ALL costs related to energy production needs to be included.

Comment Re:Buggy whips? (Score 1) 769

Nuclear is green, but not renewable.100% renewable is unrealistic on short-medium timescale.

100% renewable+nuclear should be possible for electricity production and heating in a 20-30 year perspective (or 16 if the country in question is Germany).

Moving transportation to non-fossil based fuel will probably take significantly more time. Civilian nuclear powered transport ships, or airplanes, will not happen anytime soon. Synthetic fuel production is too inefficient and electric long haul transport is only feasible for trains without unforeseen breakthroughs.

Comment Re:BS (Score 1) 359

And that matters why?
The cost of living there is interest + maintenance.

If you had the money already, the cost of living there is the interest you could have gotten on an investment of similar risk + maintenance.

Slashdot Top Deals

I've noticed several design suggestions in your code.

Working...