Hacker News new | ask | show | jobs
by jbooth 5085 days ago
Explains everything?

There are people working on alternative energy. They get less subsidy money from the government than the oil industry, which is plenty profitable on their own. You can re-read that sentence if you didn't believe it the first time.

It takes all kinds. Science and PR to protect the science. The political can be very connected to the scientific when the industry threatened with displacement is very politically active.

2 comments

I'd be really interested to see a detailed accounting of the oil industry subsidies you refer to. When I've looked into this in the past, all I've been able to find are things like the depreciation of capital assets, which, while it could be considered a subsidy, is not specific to the oil industry. The numbers are very big, but that is because the oil industry makes some of the largest capital investments in industry.
Here in the UK, of every pound you spend on petrol, 80p of it is tax. 400% tax. You'd have to do a hell of a lot of subsidizing to override that.