Fossil fuels subsidised by $10m a minute, says IMF

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Fossil fuels subsidised by $10m a minute, says IMF

Oct 30, 2017 | 20:51 31
Quote Originally Posted by chuckChuck View Post
What's important to consider is the current state of fossil energy production and consumption has been shaped by direct and indirect subsidies on a global scale.

According to the International Monetary Fund the world total is $5.3 Trillion dollars of annual subsidies which amounts to 6 - 7% of the worlds economic output each year!

So in effect our high standard of living based on non-renewable fossil energy which we have become accustomed to, is highly subsidized especially since most of the worlds fossil energy is consumed in developed industrial countries.

So maybe some of you can stop complaining so much about the measley subsidies given to renewables. I doubt that will happen. LOL

So you actually think that the IMF is a credible source of information? Oh poor sweet lil chucky, you just keep sliding further and further down the pipe.

Why do you think the industrialized nations are where they are while the less developed are stuck in the dark ages, even though they have had access to, or possess, the same resources?

Because until we understand that and accept it, we will never be able to raise them to a better standard of living. Reply With Quote
Oct 30, 2017 | 21:09 32
Quote Originally Posted by burnt View Post
So you actually think that the IMF is a credible source of information? Oh poor sweet lil chucky, you just keep sliding further and further down the pipe.

Why do you think the industrialized nations are where they are while the less developed are stuck in the dark ages, even though they have had access to, or possess, the same resources?

Because until we understand that and accept it, we will never be able to raise them to a better standard of living.
Huh? So you don't like the message. Who cares. I am sure you can sum up the differences in dthe developed world vs the underdeveloped nations in a few paragraphs. Reply With Quote
Oct 30, 2017 | 21:21 33 GERMANY?????? A poster child for the Unreliables?


http://boereport.com/2017/10/16/germanys-electrical-franken-system-illustrates-green-energy-challenges-and-the-importance-of-fossil-fuels/

The Unreliables cause far more problems than they are worth at this point in time.

As both Germany and Australia have found out in spades. Reply With Quote
Oct 30, 2017 | 21:31 34 Germany's wild gamble on green energy doesn't pay off big time.

Over a Trillion bucks spent and it may have even caused CO2 production to go UP.

http://dailycaller.com/2017/02/28/germany-facing-mass-blackouts-because-the-wind-and-sun-wont-cooperate/

It looks like some people need a schooling in basic solar physics pertaining to the earth.

That ain't gonna happen in this country. Reply With Quote
blackpowder's Avatar Oct 30, 2017 | 23:46 35 Perhaps what's important to consider is which industries have a net "new" dollar generation. Reply With Quote