About Me

Name: theoilpatchplug
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Why Domestic Oil Business is going to Die

There are over 2,500 "non-profit" organizations focused on environmentalism in the US with over $1.4 billion in assets and $1.0 billion in annual income.  Most of this goes towards "education", in other words propoganda. http://www.taxexemptworld.com/search.asp?type=adv&orgadv=enviro

The scale of this is astounding.  In fact, Big (Tax Exempt ) Corporate America is comprised of 1,650,000+ entities with $4 trillion+ dollar in assets, $3.5 trillion+ in annual income industry.  Given that our GDP is $13 trillion, this makes charity in general between 1/3 and 1/4th of our economy.  Rather than feed people or provide access to education, huge chunks are devoted to advocacy and tearing down a capitalist society. http://en.wikipedia.org/wiki/Economy_of_the_United_States

The US consumes around $770 billion per year in oil at $100 per barrel, for a simple scale comparison between "Big Oil" and  Advocacy.  Worldwide, oil production is around $3 trillion dollars, of which less than 10% goes to "Big US Oil".

Interesting, huh?
From Open Choke Blog
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive