CNN's Cillizza Memory Holes Biden's Debate Pledge to End Oil Industry

Newsbusters ^ | October 24, 2020 | P.J. Gladnick

[PJ-Comix]

Silly Chris Cillizza has become a parody of himself.

[M-cubed]

he can take over Jeffery Toobins spot now....

BTW Chris was an “intern” under George Will...and don't take that as a sexual reference...../s

[Brian Griffin]

Joe would exterminate carbon fuel related pollution and jobs by 2035.

100% gone

Junk your 2020 CO2 emitting pickup, and your 2022 one too. Scrap metal value.

The only question is when his carbon taxes would start.

[hal ogen]

It wasn’t a “gaffe”. It merely was a statement of his commitment to the leftist agenda. A gaffe??? Methinks not.

[kaktuskid]

No oil-no plastics. No plastics-no electric cars.

[Sarah Barracuda]

They are ALL doing it..look they need Biden to win..not because they actually like the guy, they dont..but what he represents to them is POWER and that is what they want..once they get the power they wont ever let it go

[Presbyterian Reporter]

“””Their lame spin is that Biden really didn’t mean to end the oil industry, just the subsidies for it.”””

---

And exactly what are those ‘subsidies’ that the oil industry is supposedly getting? I would really like to know. Details please.

Is the media claiming the ‘depletion allowance’ is a subsidy?

Well, all of the extractive industries get a depletion allowance.

Depletion allowance is the deductions from gross income allowed investors in exhaustible mineral deposits for the depletion of the deposits. The theory behind the allowance is that an incentive is necessary to stimulate investment in this high-risk industry.

Or is the subsidy depreciation and amortization that every company gets?

Depreciation and amortization is an accounting technique that enables companies to gradually expense various different resources of economic value over time.

So again media and Joe Biden, exactly what are the subsidies that the oil industry gets?

If we want to talk about subsidies, let’s have a discussion about the wind and solar subsidies that they get from each consumer of electricity.

Or how about the subsidies given to electric cars who are not paying any taxes to use the highways funded by the gasoline and diesel taxes paid by the oil industry.

[headstamp 2]

Biden is a hologram for the leftist cabal behind him that will run the country.

[Dutch Boy]

No oil, no roads either.

[Dalberg-Acton]

“he can take over Jeffery Toobins spot now....”

Toobin was yanked out of that spot. ;^)

[Ingtar]

The last I checked, the subsidies were legitimate tax deductions. Less taxes equals a subsidy in their book.

[Presbyterian Reporter]

Here is a link to all of the extractive industries that get a percentage depletion

https://www.law.cornell.edu/uscode/text/26/613

[mellow velo]

Democrat says something outlandish.

Liberal media - "You didn't really hear what you just heard. Let us interpret it for you."

Republican doesn't say something outlandish.

Liberal media - "We'll twist his words to make it sound like something we want you to think he said."

[Presbyterian Reporter]

Here is a link to solar power subsidies—

“Congress needs to stop these massive subsidies that are siphoning $39 billion a year from taxpayers,” he said. “If solar is ever going to be a viable energy source and industry, they need to wean themselves off the public dole.”

https://freebeacon.com/issues/report-solar-energy-subsidies-cost-39-billion-per-year/

[Presbyterian Reporter]

Here is a link to wind power subsidies-—

https://www.ewg.org/energy/22777/federal-energy-subsidies-what-are-we-getting-our-money

The main drivers of wind and solar power among federal policies in the past decade have been the production tax credit for wind and the investment tax credit for solar. The production tax credit is a per-kilowatt-hour subsidy for generating power that applies to any wind project. It phases out at the end of this year ..

[secretmtcman]

As long as we can end the subsidies for wind and solar while we’re at it. Also , as I’ve said before , think of our power needs like a cake. All wind and solar can ever hope to be is the frosting.

[Presbyterian Reporter]

“”” think of our power needs like a cake. All wind and solar can ever hope to be is the frosting.”””

---

Without subsidies wind and solar would not even be the frosting.

With oil prices at $40 per barrel and natural gas at $3 mmcf, wind and solar cannot compete.

We all need to remember that it was Trump who removed the regulatory hurdles and lawsuits imposed by Obama and Biden that caused the United States to become TOTALLY self sufficient energy country. And because of Trump the USA is no longer held hostage by the Middle East and Russia when it comes to energy supplies. There is a reason gasoline is $2.00 per gallon today and that is Trump.

[chiller]

Cilliza’s complete column of hits and misses is good comedic reading.

Not only does he ignore the oil industry gaffe, he doesn’t credit DjT for squeezing it out of Joe, nor for his “Who built them Joe, who built them.” (Cages)

[Flick Lives]

Toobin was yanked out of that spot. ;^)

—

He wasn’t up to it.

[The Sons of Liberty]

Joe Biden made what is perhaps the biggest gaffe in the history of such debates by pledging to bring about the termination of the entire oil industry.

The Moderator did her best to cover for Crooked Joe, by trying to "wrap up", but fortunately The President persisted and pointed it out to Texas, Pennsylvania and Oklahoma!

Wouldn't you have loved to see "Heels Up" Harris' reaction when Joe said that! I bet she was ballistic!