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Via WaPo:

"US hikes cost of #oil drilling on federal lands for 1st time in decades, a bid to generate more $ for taxpayers

Interior Department rule represents 1st comprehensive update to the federal oil & gas leasing program in more than 30 years. It will force oil companies to pay at least 10x more to drill on US lands — $150K up from $10K — + higher royalties...also aims to prevent taxpayers from footing the bill for cleanup of abandoned oil and gas wells."

@GottaLaff have to keep watching for increases in subsidies. We are dumb enough to pay that increase for them

@ATLeagle @GottaLaff
The U.S. does not subsidize oil and gas development directly unlike a lot of other countries so try for some other reason to criticize Joe Biden's efforts.

@GreenFire @GottaLaff The Joint Committee on Taxation, a nonpartisan panel of Congress, has estimated that eliminating it could generate $13 billion for the public coffers over 10 years.

reuters.com/business/energy/bi

That part I'd specifically relevant to my statement. This matters too...

U.S. subsidies for the fossil fuel industry is complex because the incentives stretch across the U.S. tax code, but estimates range from $10 to $50 billion per year.

Kevin Leecaster

@ATLeagle @GottaLaff
You are the one the sensitive one that replied to a progressive policy move from the Biden administration cynically.

Here's data from the International Monetary Fund putting U.S. fossil fuel subsidies in some context to address your cynical attack too.

Do you remember how to read log-scale plots?