John Garamendi said "The answer is oil. If you take a look, 2002 to 2008, where did the subsidies go? Well, the oil industry got over $70 billion of taxpayer money in direct tax subsidies, $72 billion. The green renewable energy got $12.2 billion over that same period of time, 2002 to 2008. And in addition to that, the ethanol industry got $16.8 billion. So we really, if we took this money, this subsidy, $70 billion over a 6-year period and shifted it over to this side, particularly up here to the renewable energy--this is solar, wind, advanced biofuels like algae and the rest--where would we be? Where would that young lady's future be? Renewable energy of all kinds. You shift the subsidies around. Is that possible? Can we do that? What do you think?" @ PoliticalQuotes.com

On the recordJune 16, 2010

The answer is oil. If you take a look, 2002 to 2008, where did the subsidies go? Well, the oil industry got over $70 billion of taxpayer money in direct tax subsidies, $72 billion. The green renewable energy got $12.2 billion over that same period of time, 2002 to 2008. And in addition to that, the ethanol industry got $16.8 billion. So we really, if we took this money, this subsidy, $70 billion over a 6-year period and shifted it over to this side, particularly up here to the renewable energy--this is solar, wind, advanced biofuels like algae and the rest--where would we be? Where would that young lady's future be? Renewable energy of all kinds. You shift the subsidies around. Is that possible? Can we do that? What do you think?

Said by

John Garamendi

Democratic · California

Source

govinfo.gov

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