Re: Nuclear Power

Self-described true conservative William Morse wrote:
But let us be clear on this point. The oil & gas producers _don't_ "own"
the oil and gas, They didn't produce the oil and gas, The cost they paid
for the extraction rights doesn't begin to cover the replacement costs.
The public may have good reason to subsidize them, but we are subsidizing
them, not vice versa.

That must be the compassionate version of conservatism you are talking
about there, Mr. Morse. Most of the oil we use comes from some
national oil company in one of the more interesting parts of the world.
If Total pays the Iranian National Oil Company $75 for a barrel of
oil, are you suggesting that Total does not then "own" that barrel? Or
are you suggesting that the Iranians did not "own" the barrel of oil
they sold to Total?

By the end of the saga of that barrel, Total may have paid the French
government another $100+ in taxes. (Of course, the poor French
consumer has had to earn the money to pay for the Iranian's cut and the
French Govt's cut as well as Total's costs of transporting, refining,
and distributing the products).

I am having difficulty trying to understand your point about who it is
the public is subsidizing -- the French consumer bought a product at
the cheapest price he was prepared to pay in a competitive market; the
French oil company bought the raw material at the cheapest price they
could find in a competitive global market; and the French government
made out like a bandit.

The French public did not own that barrel of oil in the ground in Iran.
The French government certainly did not "own" the barrel of oil in the
ground in Iran, even though the govt ends up with most of the economic
rent. Who is subsidizing whom?

.

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