[AT] gasoline

[Guy Fay]

The "Deep Water Royalty Relief Act," enacted in 1995 under the Clinton
administration, granted the federal government a "holiday" from royalty
payments on leases sold from 1996 to 2000.

The "Energy Policy Act of 2005," enacted during the Bush administration,
mandated the elimination of royalty payments on oil from deep wells when
prices fall below a certain level, providing a direct incentive for
deepwater drilling.

Ask and ye shall receive. 

-----Original Message-----
From: at-bounces at lists.antique-tractor.com
[mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Dave Rotigel
Sent: Thursday, December 30, 2010 11:01 PM
To: Antique tractor email discussion group
Subject: Re: [AT] gasoline

Hi Jim, Now there is an interesting juxtaposition of two unrelated topics if
I ever heard one!
	Dave
PS, Please point out to me an "oil subsidy." 

On Dec 30, 2010, at 8:12 PM, Jim & Lyn Evans wrote:

> OK. Lets get rid of the oil subsidies also and call off the two wars
> overseas and let's see where the price of gasoline ends up.
> 
> 
> -----Original Message-----
> From: at-bounces at lists.antique-tractor.com
> [mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Ron Cook
> Sent: Thursday, December 30, 2010 6:40 PM
> To: Antique tractor email discussion group
> Subject: Re: [AT] gasoline
> 
> Subsidies exist for the government to override free market.  Subsidies 
> push whatever the government wants to push whatever way it wants to push 
> it.  No subsidies on anything and let the free market work is the way to 
> solve the problems.
> 
> Ron Cook
> Salix, IA
> 
> On 12/30/2010 6:23 PM, Phil Vorwerk wrote:
>> Oh, I agree, subsidies are needed to help develop new technologies that
> have
>> a payback that is so far out on the horizon that no sane person or
> business
>> would invest in the research.  I like to see a free market given as much
>> freedom as possible, but I also know that sometimes intervention is
>> necessary.  I also realize that the profitability of ethanol swings
wildly
>> with the relative cost of crude oil.  (I'm a businessman, but my
education
>> is in economics.)  There are a lot of alternative energy sources that
will
>> become viable as the cost of crude oil inevitably rises over the course
of
>> time.  But after 30 years isn't it time to take off the training wheels?
> If
>> the technology has been developed already that it is now efficient and
>> profitable to produce corn based ethanol why is there any subsidy at all?
>> 
>> I wonder how the grass based ethanol research is progressing.  It sounded
>> like it had a great deal of promise a few years ago - from what I heard
it
>> was supposed to be more efficient to convert to ethanol than corn, and
not
>> as demanding on our land resources.  In fairness, the current ethanol
>> subsidies could be helping push this research along also.
>> 
>> Phil
>> 
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