We have heard for years the term “Big Oil” in Free Energy circles and conspiracy theories. Normally this is just mythology, but big oil does exist and has a face, The most obvious is in the form of the Koch Brothers in the USA.
Brothers Charles and David are each worth more than $40 billion. The electoral influence of the Koch brothers is similarly well-chronicled. The Kochs are our homegrown oligarchs. In the past they have cornered the market on Republican politics and are nakedly attempting to buy Congress and the White House. That is until Donald came along.
They have decided to fund a lobby group with 10 million USD to try and convince state and the federal government to drop electric car subsidies. Although nothing has yet been officially confirmed, Koch Industries board member James Mahoney and veteran US oil industry lobbyist Charlie Drevna have been asked to lead the new pressure group.
Tesla’s Elon Musk, used Twitter both to respond to the news of the Koch brothers’ intentions and also to point out that, according to the International Monetary Fund, fossil fuels receive global subsidies amounting to $10 million every minute – vastly in excess of anything the electric car gets.
Worth noting that all gasoline cars are heavily subsidized via oil company tax credits & unpaid public health costs http://www.theguardian.com/environment/2015/may/18/fossil-fuel-companies-getting-10m-a-minute-in-subsidies-says-imf …
‘Shocking’ revelation finds $5.3tn subsidy estimate for 2015 is greater than the total health spending of all the world’s governments
In response: “Koch Industries does not oppose electric vehicles,” said Philip Ellender, a spokesman for the company. “What we oppose is government subsidizing and mandating a particular form of energy over another. We oppose all subsidies – even for those industries in which we participate.”
Electric Car Manufacturers
We have run many stories on new electric vehicles. Recently, Volkswagen and GM have announced creating a mid-sized electric cars with a Tesla-like range and at a cost that is comparable to current petrol cars, subsidy or no subsidy. With the hand of the oil industry closing on the electric car’s throat, not for the first time in recent history, such affordable innovation cannot come soon enough.
I am not one for promoting government subsidies, except during the infancy of new technology’s, like solar and wind. It is to a point now where subsidies for solar and wind are no longer needed. I feel the electric car still needs some subsidies, but make sure the playing field is level. In the case of “Big Oil” interests, they should have all their subsidies, tax havens and other entitlements removed at the same time.
It is also a sad reflection of how government operates. It is no longer the will of the people but the whims of the super rich and industrialists purchasing government legislation. By financing election campaigns, lobbyists and purchasing media the intent of democracy is lost. Fortunately there seems to a minor revolution in the USA regarding the ability of large campaign contributions to influence voters in the current republican campaign. (I am not supporting anyone here)