Here are the top political news stories for today.
@BBHJQJ3Independent 4mos4MO
If we say oil drilling is worth it for the economy, we have to ask: worth it at what cost? Fossil fuels are the largest source of carbon emissions in the U.S., and extreme weather disasters already cost our country tens of billions of dollars each year. More drilling means more pollution, more health problems, and more damage that our generation — and our kids — will have to pay for.
Yes, drilling can create jobs. But renewable energy now creates millions of jobs too, and often more per dollar invested than oil. Solar and wind are now some of the cheapest energy sources available.… Read more
@BBM985P4mos4MO
@ZivlarLibertarian 4mos4MO
@B9H3QTN5mos5MO
Alternatives to oil drilling focus on renewable sources like solar, wind, hydropower, geothermal, and biomass, alongside nuclear power. Some data and stats are over 12 million Americans that live near sites are harmed over time some even have called out about having troubles with their homes and lives, thousands of worker deaths annually, and major financial health costs from pollution like flaring, totaling billions in damages, notes. There are much better ways to get energy production without harming the place we live on.
@BBVRM834mos4MO
@BBP8K4V4mos4MO
@VIKINGW0LFGreen 10mos10MO
💰 Fossil Fuels Are Propped Up by Subsidies
Despite claims of market efficiency, oil drilling survives on massive government support:
- The U.S. is projected to lose $12.9 billion in federal revenue from fossil fuel subsidies between 2022–2026.
- These include:
- $3.3B for percentage depletion allowances (deducting revenue without regard to actual investment)
- $2.4B for exploration and development cost deductions
- $2.5B for pollution control credits
These tax breaks distort the market, making oil seem cheaper than it truly is. Without them, renewables would outcompete fossil fuels… Read more
@9ZHZ7932yrs2Y
@B2NPF961yr1Y
If Trump rolls back these clean energy incentives, it's gonna hit us hard. He recently signed executive orders halting over $300 billion in federal funding for green infrastructure projects, including those from the Inflation Reduction Act and the bipartisan infrastructure law. This move affects key initiatives like loans for renewable energy projects and electric vehicle manufacturing. Without this support, many clean energy projects might stall, leading to job losses and slowing our progress toward energy independence. It's a step backward for both our economy and the environment.
@9LZ76K82yrs2Y
@9J924KQ2yrs2Y
There is no need for oil drilling. We are on the verge of running out of this oil anyway. We should be switching to alternative energy instead. This is going to happen with an increase in lithium usage worldwide. And no, we should not be mining this lithium. The Sultan Sea projects can easily provide more than enough lithium without ever touching mine. We can pull the lithium out while simultaneously, creating clean energy from geothermal plants. It is currently estimated that we can provide enough lithium for over 380 million vehicles. There are currently 300 million registered in the U.S.. That would make us completely self-reliant from other countries.
@9JS9PB32yrs2Y
@9LSZVNT 2yrs2Y
@9GC2L373yrs3Y
@9G9HKM33yrs3Y
Everyone loses when oil burns. The world right now is going through climate change and more extreme weather, so it is imperative that we start taking steps to curtail it. So far, the world has been making little progress in halting climate change. More needs to be done before climate change continues to a spiraling point. Oil is one of the largest contributors to global warming. Halting it will be a great stop to saving the world. Of course, incentivizing alternative energy production will make the transition much smoother, allowing it to replace oil better and faster.
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