Friday, April 29, 2011

THE LAND OF MAKE BELIEVE. John Cole seems mildly excited that Paul Ryan has expressed a willingness to reduce or eliminate oil subsidies -- bucking his own party, and a previous incarnation of himself -- but worries that the GOP will get unearned points for it.
This, something pretty much every liberal the last few decades has proposed, will be hailed as courage...

In no sane world would they ever be subsidized- it’s simply insane. And smarter folks have been pointing this out for quite some time, and are simply ignored.

But now that a Republican has suggested it, I guess it is “serious” enough that something might happen.
I can put his mind at ease. This will never happen. Maybe some Potemkin plan will be erected for show which moves the money around a little. But seriously? Come on. Obama proposed cuts in the industry's subsidies and tax breaks at the last State of the Union, and I didn't see Republicans running to endorse it -- quite the contrary.

And though some lefty sites are enjoying Ryan's retreat from orthodoxy, I'm not seeing the rightbloggers rush to second his motion. This bit from American Power represents the furthest reaches of their criticism of the oil biz -- namely, that its behavior encourages socialists:
It's hard to defend big oil if they adopt market positions that appear completely against consumer interests. There's an economic logic to trends, even economic necessity. Yet the bummer is that massive oil company profits feed the progressive left's demands for higher corporate taxes, and hence demands for ever larger spending initiatives...

Again, until the demand flattens out a bit after the peak summer travel season, it's going to be easy pickings for the communist left's attacks on big oil.
As far as actually withdrawing any of their perks, Bridget Johnson's perspective is representative:
With gas prices hitting $3.90 today, Dems are undoubtedly singing an alleluia chorus at the revived opportunity to swing the “Big Oil” bat once again.
ExxonMobil can sleep soundly.

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