Tuesday, June 25, 2013

Even Big-Oil is begging for Big-Green subsidies

From JoNova
Big Oil has been demonized as the shady-hand influencing governments to get policies that give them profits. But the profits Big-Oil hunts are the green-gravy-train type, not the ones dependent on the oil price (which they will get in any case, because demand for oil is inelastic). In the end, Big Government is bigger than Big Oil, and it bought off most the sector off long ago by offering big-subsidies.
Royal Dutch Shell is heavily invested in Carbon Capture and Storage, and far from funding skeptics, it's begging for government Big-Green subsidies…..To Read More….

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