Author Topic: The Warming Climate  (Read 16253 times)

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Offline Bushman

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Re: The Warming Climate
« Reply #525 on: June 02, 2017, 11:19:29 AM »
Isn't everything subsidized in one way or another?  As for OK, well the O&G industry  serves up 2.5 Billion (that's a "B") in direct and indirect taxes to the state economy:  it is the largest single contributor.  And there are the billions of capital projects with generate tens of thousands of direct jobs (also taxed) and a couple hundred thousand indirect jobs.

Offline hankster

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Re: The Warming Climate
« Reply #526 on: June 02, 2017, 04:32:22 PM »
You taking info from the Oklahoma State Chamber Research Foundation report? That reports counts as taxes the payments for leased land, income taxes that employees pays, FICA payments, sales taxes on supplies and much more.

If you go by the  NAICS code for O&G related activities it shows that they paid $43.5 million worth of actual corporate income tax in 2013, $44.8 million in 2014 and $4 million in 2015. In 2015 78 percent of the O&G companies filing corporate income tax returns paid no tax

In OK the effective tax rate on oil was just 3.0 percent in FY 2016 compared to 6.4 percent in FY 2012, while the effective rate on natural gas fell to 3.4 percent from 6.1 percent. In TX the rate is 8.3%, in LA it is 13.3%. In neither of those states are companies leaving because of the higher effective tax rate.

Offline waiukuweather

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Re: The Warming Climate
« Reply #527 on: June 02, 2017, 10:18:16 PM »
Quote
Renwick says a key issue for scientists - and one that's hard to communicate with laypeople - is that yes, the climate is constantly changing, and yes, there are other causes at play, but also that humans are amplifying the process.

"The big thing at the moment is that humanity has put a bunch of carbon dioxide into the atmosphere, stuff that took millions of years to pull out of the atmosphere, so we are kind of winding the clock back thousands of times faster than natural changes.

"Normally the natural changes happen at a pace the earth can keep up with. Now we are changing things so fast it will take the oceans thousands of years to react."

...BUT YOU CAN'T MAKE HIM DRINK

Some sceptics will never be convinced - and the scientists say they may be best ignored.

"There are the extreme views where nothing you say makes any difference, and they'll just make up reasons to believe what they want to believe. That's what we find. And it's just pointless arguing with them," Mullan says.

Adds Renwick: "In the first instance, I think we ignore those people, unless we absolutely can't ignore them - like Donald Trump, for example. You start working with the people who you might be able to move."

Wilson points to Australian research that suggests even if sceptics can't be won over on the climate change debate, they can be brought around to helping make the world a better place - in turn, helping reduce carbon emissions.

Offline BigOkie

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Re: The Warming Climate
« Reply #528 on: June 03, 2017, 09:37:52 AM »
You taking info from the Oklahoma State Chamber Research Foundation report? That reports counts as taxes the payments for leased land, income taxes that employees pays, FICA payments, sales taxes on supplies and much more.

If you go by the  NAICS code for O&G related activities it shows that they paid $43.5 million worth of actual corporate income tax in 2013, $44.8 million in 2014 and $4 million in 2015. In 2015 78 percent of the O&G companies filing corporate income tax returns paid no tax

In OK the effective tax rate on oil was just 3.0 percent in FY 2016 compared to 6.4 percent in FY 2012, while the effective rate on natural gas fell to 3.4 percent from 6.1 percent. In TX the rate is 8.3%, in LA it is 13.3%. In neither of those states are companies leaving because of the higher effective tax rate.

And the problem is that our governor thought that slashing income taxes -- especially for those in the highest tax brackets -- would be a good idea.  Now we have an almost 1 billion dollar revenue shortfall...again (second fiscal year in a row) with lawmakers essentially having their heads in the sand on the issue.  There has been a push in Oklahoma for lawmakers to ask O&G companies to pay their fair share.  For all the talk conservatives have about wanting to do away with subsidies like Medicaid and Social Security, when they are subsidizing an entire industry they need to really shut their mouths about it.


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Offline ValentineWeather

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Re: The Warming Climate
« Reply #529 on: June 19, 2017, 04:49:01 AM »
All I know it was a bad deal to pay billions to our competitors like (China) ( India) who does nothing for years but continues to open new coal fired power plants.
Its all about maybe 1/3 degree C in the long run according to experts if everyone meets the agreement which they already broke.  We are already closing coal fired plants in USA because of low natural gas prices, we don't need to destroy our economy going green. This was the correct decision by the Administration of the USA.
The climates going to change its natural and man isn't going to stop it despite what those on payroll scientist say. We can do what we can and I'm 100% behind green energy but have serious doubts it stopping anything unless we can somehow harness and control the sun energy.
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Offline Bunty

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Re: The Warming Climate
« Reply #530 on: June 19, 2017, 04:31:20 PM »
You taking info from the Oklahoma State Chamber Research Foundation report? That reports counts as taxes the payments for leased land, income taxes that employees pays, FICA payments, sales taxes on supplies and much more.

If you go by the  NAICS code for O&G related activities it shows that they paid $43.5 million worth of actual corporate income tax in 2013, $44.8 million in 2014 and $4 million in 2015. In 2015 78 percent of the O&G companies filing corporate income tax returns paid no tax

In OK the effective tax rate on oil was just 3.0 percent in FY 2016 compared to 6.4 percent in FY 2012, while the effective rate on natural gas fell to 3.4 percent from 6.1 percent. In TX the rate is 8.3%, in LA it is 13.3%. In neither of those states are companies leaving because of the higher effective tax rate.

And the problem is that our governor thought that slashing income taxes -- especially for those in the highest tax brackets -- would be a good idea.  Now we have an almost 1 billion dollar revenue shortfall...again (second fiscal year in a row) with lawmakers essentially having their heads in the sand on the issue.  There has been a push in Oklahoma for lawmakers to ask O&G companies to pay their fair share.  For all the talk conservatives have about wanting to do away with subsidies like Medicaid and Social Security, when they are subsidizing an entire industry they need to really shut their mouths about it.

I will never forgive Gov. Fallin for telling legislators in 2016 that the income tax cuts were necessary so Oklahomans could have more money to spend in their pockets, and then this year she turned around and wanted to reach in everybody's pockets to collect new sales taxes on every kind of service imaginable.  What a two faced governor.  The legislature rejected her tax plan.

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Offline waiukuweather

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Re: The Warming Climate
« Reply #531 on: June 19, 2017, 08:12:15 PM »
Quote
All I know it was a bad deal to pay billions to our competitors like (China) ( India) who does nothing for years but continues to open new coal fired power plants.

really?

http://climateactiontracker.org/countries/china.html

Offline hankster

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Re: The Warming Climate
« Reply #532 on: June 20, 2017, 08:29:42 AM »

Online Jáchym

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Re: The Warming Climate
« Reply #533 on: June 20, 2017, 11:04:41 AM »

Offline waiukuweather

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Re: The Warming Climate
« Reply #534 on: June 20, 2017, 02:04:43 PM »
I visited a wind farm
did not see one dead bird :)