Trump halts work on 80% complete offshore wind project, citing bogus ‘national security interests’

[Nickyjo]

Why? There are so many lies on the internet. Nothing without validation is to be believed any longer.

I want you to find the line by line subsidies you claim for the fossil fuel industry as subsidies. When you find them, you will find the are normal tax write-offs for the most part that all businesses get. The tax credits they get are simply benefits they take that the government offers for green energy.

You have no answer, so you are going off into this cancer tangent.

You started with "Your post ignores government money spent on fossil fuels." which you have no honest and verifiable answer for.

The oil depletion allowance was real, and still exists for small producers. As are the cancer alleys in Louisiana and Texas. We received less money from the former and will have to spend more to deal with the latter. But look for yourself. Search under “does the US subsidize oil?” “How much does the US subsidize oil.”

 

[multivita-man]

Stupid, wasteful and incompetent.

When does this end?

How much waste will our Congress stand by and allow while this corrupt criminal destroys so much?

Trump halts work on an offshore wind project that's 80% complete, citing unspecified 'national security interests' | Fortune

Revolution Wind was expected to be Rhode Island and Connecticut’s first commercial-scale offshore wind farm, capable of powering more than 350,000 homes.

fortune.com

I don't necessarily see renewables as this environmental God-send, but it does provide better air quality and it adds energy capacity. This is insane, especially given the future investments in AI and the need for ever-more energy supply.

 

[Lord of Planar]

The oil depletion allowance was real, and still exists for small producers. As are the cancer alleys in Louisiana and Texas. We received less money from the former and will have to spend more to deal with the latter. But look for yourself. Search under “does the US subsidize oil?” “How much does the US subsidize oil.”

And we are suppose to take your word?

 

[What if...?]

The project is just temporally shut down for a security review. We don't want our key energy infrastructure stamped with the 'made in China' label. Its too easy for them to manipulate it for politcal and military purposes.

So it’s a wind turbine that turns a generator.

I’m sure there’s software in the control systems but it’s not so complex that it would be easy to hide some nefarious sabotage system.

This sounds like red meat for idiots.

They really like it! They elected a guy whose entire stock in trade is slinging bullshit. And MAGA gobbles it up and begs for more.

It’s that escalating tolerance to the joy they feel when consuming bullshit that is turning into a problem. They need greater and greater outrage to give them their superiority boner only trump gives them.

 

[What if...?]

I read a bit on it. So apparently this was part of the Biden administration expenditures claiming more USA jobs. Shouldn't all the sourced material be USA made as well?

Should it not be done if it isn’t available here?

Would it be reasonably cost effective to build all the infrastructure here if it isn’t currently available here?

Seems like a kinda knee jerk response because China.

 

[Lord of Planar]

Nickojo. You are reciting propaganda and no valid links. The Oil Depletion Allowance is a tax deduction limited to 15% for shale oil. Not any and all oil.

 

[Lord of Planar]

Should it not be done if it isn’t available here?

Would it be reasonably cost effective to build all the infrastructure here if it isn’t currently available here?

Seems like a kinda knee jerk response because China.

Federal money should not be spend on such project. You guys keep saying it is cheaper than oil. If this was true, investors would be breaking the doors down to invest.

Your propaganda is just a lie. It is not cheaper. Nobody wants to foot the bill.

 

[What if...?]

Federal money should not be spend on such project. You guys keep saying it is cheaper than oil. If this was true, investors would be breaking the doors down to invest.

Your propaganda is just a lie. It is not cheaper. Nobody wants to foot the bill.

Wouldn’t those investors work to suppress the adoption of renewable technologies to keep their oil investments profitable?

That is kinda a key element of capitalism.

 

[ElChupacabra]

I will remind you this type of thing happens when a project is partisan and based on agendas instead of reality. We do not need wind power. It is a future failure. It is not cost effective.

Again, if it was cost effective, it would not need government help.

Please take off those partisan glasses and see the reality we live in.

You may want to tell that to Texas who has built out quite a bit of wind power. Tell us about that partisanship.


Nothing I've said has anything to do with partisanship, but rather the realities about the ground the US is ceding to China as it relates to green energy. Why anyone thinks this makes sense is beyond me, but I sure hope that when Americans wonder why American car companies can't compete on the global market they won't complain.

 

[Lord of Planar]

You may want to tell that to Texas who has built out quite a bit of wind power. Tell us about that partisanship.


Nothing I've said has anything to do with partisanship, but rather the realities about the ground the US is ceding to China as it relates to green energy. Why anyone thinks this makes sense is beyond me, but I sure hope that when Americans wonder why American car companies can't compete on the global market they won't complain.

Hey. They would be stupid to turn down federal money and jobs. Right? What happens to wind projects if the federal government stops giving them subsidies other types of power generations does not get?

 

[ElChupacabra]

Hey. They would be stupid to turn down federal money and jobs. Right? What happens to wind projects if the federal government stops giving them subsidies other types of power generations does not get?

Ah. I see. So they just took the money because it was free despite wind energy not being useful?

 

[Sooner or Later]

Imo we are too deep into the project to cancel. Honor the past commitment Finish this one up and stop funding for future projects.

I feel the same about this as I did with the Keystone pipeline project.

 

[Lord of Planar]

Ah. I see. So they just took the money because it was free despite wind energy not being useful?

This has all been discussed before. Fossil fuel industry does not get nearly the amount of subsidies that wind power does.Nearly all are tax deductions rather than tax credits.

There should not be any tax credits! There should not be loans and grants. If the project cannot stand by its own merit, it is foolish to build it.

 

[SCrider]

The project is just temporally shut down for a security review. We don't want our key energy infrastructure stamped with the 'made in China' label. Its too easy for them to manipulate it for politcal and military purposes.

This is same guy willing to sell AI chips to China for a 15% cut?
Yeah, his security concerns would only be believed by a complete idiot.

 

[ElChupacabra]

This has all been discussed before. Fossil fuel industry does not get nearly the amount of subsidies that wind power does.Nearly all are tax deductions rather than tax credits.

There should not be any tax credits! There should not be loans and grants. If the project cannot stand by its own merit, it is foolish to build it.

Why are we giving them any at all?

 

[Lord of Planar]

Why are we giving them any at all?

They do not get subsidies by the old definition. A tax deduction is allowed in all business.

The left has misused the word so often just to spin, spin, spin, that dictionaries have changed the definition to mean just about anything. Including if you go to the supermarket and get 20% off. You now just received a subsidy.

What you guys fail to realize, is the word subsidy is now 100% meaningless unless you attach the specific type of subsidy.

As a tax payer, you are subsidized. Your All your tax deduction by definition are subsidies. That is how bad the left has ruined the definition. I therefore have my first instinct when someone constantly cries "subsidy" is "Damn. What a moron!"

 

[Michael Cole]

Just because its a Danish project doesn't mean it doesn't use Chinese components. China is the largest manufacturer of wind turbine components by far.

OH NO!!!! China is trying to kill our birds!!!

 

[ElChupacabra]

They do not get subsidies by the old definition. A tax deduction is allowed in all business.

The left has misused the word so often just to spin, spin, spin, that dictionaries have changed the definition to mean just about anything. Including if you go to the supermarket and get 20% off. You now just received a subsidy.

What you guys fail to realize, is the word subsidy is now 100% meaningless unless you attach the specific type of subsidy.

As a tax payer, you are subsidized. Your All your tax deduction by definition are subsidies. That is how bad the left has ruined the definition. I therefore have my first instinct when someone constantly cries "subsidy" is "Damn. What a moron!"

The question still stands though: why are we giving companies who are very profitable these kind of subsidies/breaks or whatever you want to call them? See, providing assistance to new companies seeking to gain ground in a new industry makes sense if it's in the interest of the country, which securing new forms of energy extraction makes perfect sense to subsidize since it will ultimately benefit the country.

 

[ElChupacabra]

Just because its a Danish project doesn't mean it doesn't use Chinese components. China is the largest manufacturer of wind turbine components by far.

Sure, because they've done a good job at advancing this and other green technologies by securing the manufacture of parts, and securing the resources to gain market dominance. The US decided to not actively compete.

 

[Grand Mal]

I will remind you this type of thing happens when a project is partisan and based on agendas instead of reality. We do not need wind power. It is a future failure. It is not cost effective.

Again, if it was cost effective, it would not need government help.

Please take off those partisan glasses and see the reality we live in.

Do you not realize that this is a commercial enterprise?
Jesus. You need electricity. That company wants to sell you electricity. You object because you don't like the source of the electricity.
Does anyone of that sound familiar?

 

[Lord of Planar]

The question still stands though: why are we giving companies who are very profitable these kind of subsidies/breaks or whatever you want to call them? See, providing assistance to new companies seeking to gain ground in a new industry makes sense if it's in the interest of the country, which securing new forms of energy extraction makes perfect sense to subsidize since it will ultimately benefit the country.

You have not listened. All tax payers and all businesses get tax deductions that did not use to be class as subsidies. Now, legitamate deductions are defined as a subsidy. The redefining of "subsidy" has dumbed down society. Especially the left who are prone to this propaganda.

 

[W_Heisenberg]

Hey. They would be stupid to turn down federal money and jobs. Right? What happens to wind projects if the federal government stops giving them subsidies other types of power generations does not get?

Now do Intel.

 

[ElChupacabra]

You have not listened. All tax payers and all businesses get tax deductions that did not use to be class as subsidies. Now, legitamate deductions are defined as a subsidy. The redefining of "subsidy" has dumbed down society. Especially the left who are prone to this propaganda.

Incorrect. I did, which is why I asked about profitable companies like this in the oil business are getting any breaks at all. You can whinge all you want about what they're called.

 

[Lord of Planar]

Incorrect. I did, which is why I asked about profitable companies like this in the oil business are getting any breaks at all. You can whinge all you want about what they're called.

Wow. Are you saying profitable companies should get no tax write-offs?

Really?

 

[ElChupacabra]

Wow. Are you saying profitable companies should get no tax write-offs?

Really?

Not entirely, but if I had to choose between tax write-offs for profitable companies in the oil industry and helping out the companies sorting out new energy technologies, I'd prefer the latter.