(quoted from post at 07:25:56 11/25/15) I don't know the real 'numbers' but it seems that economists are always complaining about farm subsidies (something like $20 billion/year now), yet we're giving billions away to the oil companies who turn around and sell our oil to foreign countries.
(quoted from post at 06:50:59 11/25/15) Never heard a figure but Ohio and Indiana had lots of acres completely wiped out due to heavy rains. If you had an air boat you could have gone for miles at many places over crop ground, only thing to stop you would have been fence rows or tree lines.
(quoted from post at 16:00:10 11/25/15) Oil companies can claim expenses as expenses. And they cannot sell US oil to another country. You need to find another news source.
What I meant was that oil companies are selling REFINED oil as gasoline, diesel, jet fuel ... 3.8 million barrels a day at one point last summer. That's a fact. And if you read my reply, notice that I never said we are 'subsidizing' oil companies, but they do get billions in tax breaks and loopholes. Main point is that farmers aren't out to line their pockets, can't say the same for oil companies.(quoted from post at 19:54:59 11/25/15) Name one "subsidy" given to oil companies, I will save you the time, there are none, that is a ridiculous myth and an outright lie which is often
repeated by our biased media.You may also be shocked to learn that exporting oil was banned by the U.S. congress over 40 years ago.
I've had a great Thanksgiving, but have to add that I never told the sale barn "too high, I won't take over $150 for my steers". The oil companies do get some special treatment, like depletion allowance, but it is all just tax code. No such thing as tax breaks and loopholes, just tax incentives. Like special depreciation rules for farm production structures.(quoted from post at 19:17:01 11/26/15) LAA, lighten up and enjoy your Thanksgiving!
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