Taylor Ray
@taylorray.bsky.social
Solar Engineer | Renewable Energy Proponent | Transit Oriented | Doraville City Councilman
Reposted by Taylor Ray
Every single county in Virginia shifted Blue.
November 5, 2025 at 1:35 AM
Every single county in Virginia shifted Blue.
My hopes for the season dashed immediately
August 30, 2025 at 12:23 AM
My hopes for the season dashed immediately
every day things get worse
August 28, 2025 at 3:02 PM
every day things get worse
I've basically cut out beer entirely for this reason. Sure after 3 G&Ts I also might eat an entire pizza, but at least I'm only ~500 calories in the hole at that point lol
August 22, 2025 at 2:08 PM
I've basically cut out beer entirely for this reason. Sure after 3 G&Ts I also might eat an entire pizza, but at least I'm only ~500 calories in the hole at that point lol
Ultimately all of this pushes our energy policy towards fossil fuels and away from the cleaner and increasingly lower cost energy generation of the future. But hey, if the oil and gas industry needs these government handouts, maybe the industry shouldn't exist in the first place?
June 30, 2025 at 2:11 PM
Ultimately all of this pushes our energy policy towards fossil fuels and away from the cleaner and increasingly lower cost energy generation of the future. But hey, if the oil and gas industry needs these government handouts, maybe the industry shouldn't exist in the first place?
Honestly there is so many more. Ultimately the U.S. oil & gas industry benefits from tax breaks such as IDCs, depletion allowances, EOR credits, and accelerated depreciation which total to $10–20 billion/year with IDCs alone costing ~$1.7 billion in 2025.
June 30, 2025 at 2:09 PM
Honestly there is so many more. Ultimately the U.S. oil & gas industry benefits from tax breaks such as IDCs, depletion allowances, EOR credits, and accelerated depreciation which total to $10–20 billion/year with IDCs alone costing ~$1.7 billion in 2025.
Strategic Petroleum Reserve (SPR):
Government buys and stores ~395 million barrels of crude oil worth $9.5–$12.9 billion. This is underwritten by taxpayer dollars.
Government buys and stores ~395 million barrels of crude oil worth $9.5–$12.9 billion. This is underwritten by taxpayer dollars.
June 30, 2025 at 2:07 PM
Strategic Petroleum Reserve (SPR):
Government buys and stores ~395 million barrels of crude oil worth $9.5–$12.9 billion. This is underwritten by taxpayer dollars.
Government buys and stores ~395 million barrels of crude oil worth $9.5–$12.9 billion. This is underwritten by taxpayer dollars.
Enhanced Oil Recovery Tax Credit (45Q):
Offers a 15% credit for CO₂‑based EOR; expanded via IRA ’22 to $60–$85/tonne for CO₂ sequestered.
Notice how the IRA did not solely support renewables. Likely due to it not being enacted by sycophants
Offers a 15% credit for CO₂‑based EOR; expanded via IRA ’22 to $60–$85/tonne for CO₂ sequestered.
Notice how the IRA did not solely support renewables. Likely due to it not being enacted by sycophants
June 30, 2025 at 2:04 PM
Enhanced Oil Recovery Tax Credit (45Q):
Offers a 15% credit for CO₂‑based EOR; expanded via IRA ’22 to $60–$85/tonne for CO₂ sequestered.
Notice how the IRA did not solely support renewables. Likely due to it not being enacted by sycophants
Offers a 15% credit for CO₂‑based EOR; expanded via IRA ’22 to $60–$85/tonne for CO₂ sequestered.
Notice how the IRA did not solely support renewables. Likely due to it not being enacted by sycophants
Percentage Depletion / Oil Depletion Allowance:
This allows oil and gas producers to deduct a fixed percentage, up to 15% of gross revenue, even beyond the actual cost basis.
This allows oil and gas producers to deduct a fixed percentage, up to 15% of gross revenue, even beyond the actual cost basis.
June 30, 2025 at 2:03 PM
Percentage Depletion / Oil Depletion Allowance:
This allows oil and gas producers to deduct a fixed percentage, up to 15% of gross revenue, even beyond the actual cost basis.
This allows oil and gas producers to deduct a fixed percentage, up to 15% of gross revenue, even beyond the actual cost basis.
Intangible Drilling Costs (IDCs):
Allows companies to deduct most of the costs of drilling (excluding tangible equipment) in the year they are incurred
This will reduce government revenue by $1.7 billion in 2025, and approximately $9.7 billion through 2034
Allows companies to deduct most of the costs of drilling (excluding tangible equipment) in the year they are incurred
This will reduce government revenue by $1.7 billion in 2025, and approximately $9.7 billion through 2034
Fracking led the U.S. to pump more oil than any country in history — here's what that means for the green energy transition
In 2023, the U.S. produced more oil than any country in history. This comes as fossil fuel and renewable energy subsidies face scrutiny.
www.nbcnewyork.com
June 30, 2025 at 2:01 PM
Intangible Drilling Costs (IDCs):
Allows companies to deduct most of the costs of drilling (excluding tangible equipment) in the year they are incurred
This will reduce government revenue by $1.7 billion in 2025, and approximately $9.7 billion through 2034
Allows companies to deduct most of the costs of drilling (excluding tangible equipment) in the year they are incurred
This will reduce government revenue by $1.7 billion in 2025, and approximately $9.7 billion through 2034
“If, as supporters of the IRA are complaining, repealing these subsidies will ‘kill’ their industry, then maybe it shouldn’t exist in the first place," said Tom Pyle
Let's dive into the subsidies oil and gas enjoy shall we?
Let's dive into the subsidies oil and gas enjoy shall we?
June 30, 2025 at 1:58 PM
“If, as supporters of the IRA are complaining, repealing these subsidies will ‘kill’ their industry, then maybe it shouldn’t exist in the first place," said Tom Pyle
Let's dive into the subsidies oil and gas enjoy shall we?
Let's dive into the subsidies oil and gas enjoy shall we?
How is this dude possibly this dense?
April 30, 2025 at 4:15 PM
How is this dude possibly this dense?