The only reason fossil fuels still dominate here is we subsidize them heavily. Of course, one thing I never understood. They pump oil in most places and the oil belongs to the people. The proceeds go into the national treasury and lower everyone’s taxes. Here it goes into private hands, despite the fact that in truth it belongs to all. Never did get that.
I’m sure you’re just trolling, Ocasio-Steingar, because you can’t be so stupid about this.
Let me know how “the people” are doing in the most oil rich country on the globe. Go ahead, I’m waiting. I visited that beautiful country in the 1990s. Venezuelans were doing well. Now, doctors are doing surgery by flashlight, and people are eating out of garbage trucks. Oh, and if you visit, don’t bring your cat, Fluffy, because “the people” are eating dogs and cats to survive.
I am curious how you lay claim to all of the oil pumping equipment I see in the fields of southern Illinois, Indiana, and even Ohio. Did you pay for the equipment to extract it? Did you discover it? If not, how can “the people” own it?
https://www.forbes.com/sites/rrapier/2017/05/07/how-venezuela-ruined-its-oil-industry/#21482e57399dThe fact is, the government extracts more in taxes than the profits of nearly anyone else in the production stream. Certainly more than the retailer who allows us to pump it into our vehicles.
But go ahead, let me know how we “subsidize” oil.