Al Gore: Why no, I’m not a hypocrite for selling Current TV to oil emirs

posted at 12:01 pm on January 29, 2013 by Ed Morrissey

Three minutes of hilarity come to us today from a rather unlikely pair — Matt Lauer and Al Gore. Give Lauer credit for pressing Gore on the implications of selling Current TV to Al-Jazeera, a global news organization that isn’t sponsored by Big Oil interests, but owned by them.  Reaching back to Gore’s own book The Future: Six Drivers of Global Change, Lauer asks Gore not once but twice how he can square his accusations that other news organizations are bought by Big Oil and then sell his to Qatari oil emirs.

Gore says … well, watch:

Visit NBCNews.com for breaking news, world news, and news about the economy

Erik Wemple practically laughs out loud:

Hypocrisy! “Today” displayed a quote from Gore’s new book “The Future: Six Drivers of Global Change.” It reads, “Virtually every news and political commentary program on television is sponsored in part by oil, coal and gas companies…” So Lauer asks Gore if his sale of Current TV to a network owned by the emir of an oil-earnings-fueled Middle East country (Qatar) doesn’t smack of a contradiction. To which Gore had a lame response. “I certainly understand that criticism. I disagree with it. Because I think Al Jazeera has obviously long since established itself as a really distinguished and effective news gathering organization. And by the way, its climate coverage has been far more extensive and of high quality than any…”

Lauer came back at him, citing possible hypocrisy. Gore essentially repeated his first response.

And you have to love this explanation of what makes Al-Jazeera so exceptional:

Gore loves accolades won by other outlets. Of Al Jazeera, he says, “It’s won major awards in countries around the world.”

Yes … but did they ever win this Major Award?

Note too (as Wemple does) that Gore doesn’t dispute that $100 million payday.  I’d guess that was the only “major award” that really impressed Gore.  Kudos to Lauer for making Gore answer that question — twice.


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no offense to this site but this guy is one big fat slob of HOT AIR! Everytime he opens his lying mouth we experience GLOBAL WARMING!

WHAT AN IDIOT! And to think he is a major reason we have the greatest hoax ever brought on mankind because of him.

SDarchitect on January 29, 2013 at 12:03 PM

Because he’s bought enough liberal indulgences to be forgiven in advance.

29Victor on January 29, 2013 at 12:04 PM

How about a massive anti-American troll for selling your network to our enemies’ mouthpiece?

Gingotts on January 29, 2013 at 12:04 PM

“Now let me feel your chakras” — Algore

John the Libertarian on January 29, 2013 at 12:05 PM

Al Gore: Why no, I’m not a hypocrite for selling Current TV to oil emirs

Yes, you are, you big, fat POS – and even most of your old staff at Current agree with me.

Resist We Much on January 29, 2013 at 12:06 PM

Flaming hypocrite Democrat sells TV network to terrorist network funded by oil and terrorism.

Sounds about right.

CorporatePiggy on January 29, 2013 at 12:09 PM

This is what Lauer decides to press a Dem on, while playing patty cake with them on everything else? Meh.

changer1701 on January 29, 2013 at 12:10 PM

AND he sold it in 2012 to beat the tax increase.

Good Democrat. Good Liberal.

Jabberwock on January 29, 2013 at 12:10 PM

Wonderful view into the echo chamber here, how these morons are only interested in the concern from the left… Because as long as it is an environmentally sound investment and big oil isn’t overrepresented, Al Jazeera is a perfectly fine option; they’re objective and have won awards in countries around the world like Syria and Iran!

Gingotts on January 29, 2013 at 12:11 PM

There are no morals in politics; there is only expedience. A scoundrel may be of use to us just because he is a scoundrel.

- Vladimir Lenin / Al Jazeera

Resist We Much on January 29, 2013 at 12:11 PM

AND he sold it in 2012 to beat the tax increase.

Good Democrat. Good Liberal.

Jabberwock on January 29, 2013 at 12:10 PM

And the libtards go after Phil Mickelson.

sentinelrules on January 29, 2013 at 12:14 PM

Like Scrooge McDuck swimming in a pile of gold, so too is the sound of settled science.

Lily on January 29, 2013 at 12:15 PM

What difference does it make?!

rogerb on January 29, 2013 at 12:18 PM

O/T

CHICAGOLAND: School Shooting Drill To Include Blanks Fired In Hallway To Familiarize Students With Sound Of Gunfire!

As if they don’t already know what gunfire sounds like in Chicagoland…

Resist We Much on January 29, 2013 at 12:23 PM

“…plus, they paid me an ASS-WAD of cash for that dog! BWAHAHAhahahahahaha!”

mojo on January 29, 2013 at 12:25 PM

Just the mention of GWB will set liberals head’s on fire because this idiot didn’t win election to be President. If anyone should be happy he lost it should be Algore. Between this sale, all $28 Million of his Google shares that he “earned” last year and insane speaking fees, he’s got to be one of the wealthiest men in the country.

Talk about lucky!

Agent of the Cross on January 29, 2013 at 12:26 PM

He’s not a hypocrite for that, he’s a hypocrite for EVERYTHING.

Flange on January 29, 2013 at 12:27 PM

‘Denial’ is spew of cranial diarrhea from AlGore’s head.

locomotivebreath1901 on January 29, 2013 at 12:29 PM

CHICAGOLAND: School Shooting Drill To Include Blanks Fired In Hallway To Familiarize Students With Sound Of Gunfire!

As if they don’t already know what gunfire sounds like in Chicagoland…

Resist We Much on January 29, 2013 at 12:23 PM

This isn’t in the city of Chicago. It’s in one of the outer suburbs.

Granted that this may be a bad idea, but it’s a mistake to assume that the entire Chicago area is somewhere that one is likely to be shot. I live in the city of Chicago, but in a neighborhood where it’s rare for anybody to be shot.

J.S.K. on January 29, 2013 at 12:30 PM

$100M is a LOT of carbon credits!

ButterflyDragon on January 29, 2013 at 12:31 PM

Was there a transporter malfunction?

DarkCurrent on January 29, 2013 at 12:33 PM

J.S.K. on January 29, 2013 at 12:30 PM

I saw “Chicagoland” on Drudge. I should’ve paid more attention. Thanks.

Resist We Much on January 29, 2013 at 12:37 PM

I’ve seen better looking bark on dead trees.

Del Dolemonte on January 29, 2013 at 12:37 PM

Just the mention of GWB will set liberals head’s on fire because this idiot didn’t win election to be President.

Agent of the Cross on January 29, 2013 at 12:26 PM

Want to make them even angrier? Remind them that he would never have needed to win Florida, if he hadn’t been rejected by the voters of his own home state.

Del Dolemonte on January 29, 2013 at 12:39 PM

That this man was ever a heartbeat (or given Billy-boy’s sexual proclivities, any other kind of beating) away from being POTUS is 100% proof that the Devil exists.
That he lost to GWB and wasn’t able to lie/cheat/steal his way to victory is evidence there is a God.

smfic on January 29, 2013 at 12:39 PM

Holy cow…

This is comparable to Rush selling his EIB network to George Soros..not that I compare EIB to Current(ly dead in the water)..

..And then having Rush come out and say “Mr. Soros has won major awards all over the world..”

ALGORE has apparently decided..’I’ve made enough money..so I’ll just bit the bag and step out the door..’

BigWyo on January 29, 2013 at 12:40 PM

He looks like Kent Brockman, if a bit less lifelike.

Kungfoochimp on January 29, 2013 at 12:40 PM

he’s got to be one of the wealthiest men in the country.
Talk about lucky!

Agent of the Cross on January 29, 2013 at 12:26 PM

True.
But he’s also obnoxious, borderline retarded and a general ass.
Money won’t buy your way out of those.

justltl on January 29, 2013 at 12:42 PM

Chakra release on aisle 5……paging Algore!

Despicable lying ________.

PappyD61 on January 29, 2013 at 12:45 PM

You know gore may have a point. Compared to the MSM ,AJ may be on par

rik on January 29, 2013 at 12:50 PM

Actually Sir you are a hypocrite and a laughably obese one at that.

Mason on January 29, 2013 at 12:50 PM

Hmm….. Sorry, I beg to differ. I’m a capitalist, and Gore took advantage of that when he made mucho bucks. As long as it ain’t illegal, its good. You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

In asking for Gore’s thoughts on Apple, Lauer neglected to mention that Al just exercised an option to purchase 60,000 shares of the stock at $7 each…netting him about $25 million +.
So I’d say Gore feels pretty good about Apple.

verbaluce on January 29, 2013 at 12:51 PM

Gore loves accolades won by other outlets. Of Al Jazeera, he says, “It’s won major awards in countries around the world.”

Well Pia Zadora won a Golden Globe, so it’s not like “major awards” actually mean anything.

rbj on January 29, 2013 at 12:51 PM

Hmm….. Sorry, I beg to differ. I’m a capitalist, and Gore took advantage of that when he made mucho bucks. As long as it ain’t illegal, its good. You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

No, we’re pointing out another example of liberal hypocrisy.

We have countless libtards who espouse that the rich should pay more and when they get the chance, they skirt.

Do As I Say, Not As I Do – libtard mantra.

sentinelrules on January 29, 2013 at 12:53 PM

Al Gore’s eyebrows and global warming. Where are they?

DeathtotheSwiss on January 29, 2013 at 12:57 PM

“Because I think Al Jazeera has obviously long since established itself as a really distinguished and effective news gathering organization.”

I’m trying to find the adjectives for this bit of nonsense, but I think even Orwell would have blanched at using doublespeak to describe it.

Physics Geek on January 29, 2013 at 12:57 PM

Hmm….. Sorry, I beg to differ. I’m a capitalist, and Gore took advantage of that when he made mucho bucks. As long as it ain’t illegal, its good. You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

Points for consistency there.
As much as I dislike and disrespect Al Gore – it does amuse me that he isn’t more of a hero to conservatives – based on his stunningly successful run at free market capitalism, astronomical stock option gains, etc.
And wait ’til his carbon offsets investments pay out. The man is, more than anything else, an industrialist.

verbaluce on January 29, 2013 at 12:58 PM

It’s a toss up on who is the bigger liar.Him or Obama.The left loves them some liars.

docflash on January 29, 2013 at 1:00 PM

Hmm…sentinel, good point. But thats leftist rhetoric. Meaningless…..I, for one, don’t blame Gore. Just like the GOP rhetoric- secure the border or no tax hikes. In the end run, just rhetoric. Absolutely meaningless. The facts, for Gore and for us, do not go on rhetoric. Simple.

tommy71 on January 29, 2013 at 1:01 PM

You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

Not me.
I’m whining because he’s obnoxious, borderline retarded and a general ass.

See?:

he’s got to be one of the wealthiest men in the country.
Talk about lucky!

Agent of the Cross on January 29, 2013 at 12:26 PM

True.
But he’s also obnoxious, borderline retarded and a general ass.
Money won’t buy your way out of those.

justltl on January 29, 2013 at 12:42 PM

justltl on January 29, 2013 at 1:09 PM

I, for one, don’t blame Gore. Just like the GOP rhetoric- secure the border or no tax hikes. In the end run, just rhetoric. Absolutely meaningless. The facts, for Gore and for us, do not go on rhetoric. Simple.

tommy71 on January 29, 2013 at 1:01 PM

No, it’s not meaningless as Gore’s BS helped Solyndra get millions of taxpayer dollars wasted.

However, to those who say that Al Gore sold out, that’s not true.

Gore couldn’t have sold out since he never believed in “Global Warming” in the first place. He just used it to get millions of dollars from libtard suckers.

He’s the Jimmy Swaggart of the Left.

sentinelrules on January 29, 2013 at 1:10 PM

Resist We Much on January 29, 2013 at 12:23 PM

But… but… there CAN’T be gunfire in Chicago. They have strict gun control laws.

psrch on January 29, 2013 at 1:10 PM

based on his stunningly successful run at free market capitalism, astronomical stock option gains, etc.
And wait ’til his carbon offsets investments pay out. The man is, more than anything else, an industrialist.

verbaluce on January 29, 2013 at 12:58 PM

Yes, he’s such a great capitalist by trashing capitalism. Like Michael Moore.

What a racket.

sentinelrules on January 29, 2013 at 1:11 PM

tommy71 on January 29, 2013 at 12:50 PM

So war profiteering during WW2 wouldn’t have bothered you?

Or are you willing to admit that you have no idea about what conservatism is all about?

psrch on January 29, 2013 at 1:12 PM

As much as I dislike and disrespect Al Gore – it does amuse me that he isn’t more of a hero to conservatives – based on his stunningly successful run at free market capitalism, astronomical stock option gains, etc.
And wait ’til his carbon offsets investments pay out. The man is, more than anything else, an industrialist.

verbaluce on January 29, 2013 at 12:58 PM

Really, free market capitalism? Trying to have the government shut down entire industries because your fraud scientists say they are warming the planet and then selling bogus carbon credit indulgences to line your pockets isn’t free market capitalism.

It’s fraud. He makes actual capitalists look bad. It’s monsters like him who create the need for companies to have lobbyists in Washington looking out for their interests. Lest they have their industry regulated into bankruptcy or out right outlawed.

Lily on January 29, 2013 at 1:13 PM

Hmm….. Sorry, I beg to differ. I’m a capitalist, and Gore took advantage of that when he made mucho bucks. As long as it ain’t illegal, its good. You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

He got rich by using his political leverage to take advantage of a gullible population that bought into his AGW fraud. Committing a fraud that big and that devastating to society absolutely should be illegal – and I would venture that it likely is.

dentarthurdent on January 29, 2013 at 1:15 PM

His head has almost reached philanderer-murderer-traitor Kennedy size.

tom daschle concerned on January 29, 2013 at 1:18 PM

His head has almost reached philanderer-murderer-traitor Kennedy size.

tom daschle concerned on January 29, 2013 at 1:18 PM

Gore has been accused of rape.

sentinelrules on January 29, 2013 at 1:20 PM

This is what Lauer decides to press a Dem on, while playing patty cake with them on everything else? Meh.

changer1701 on January 29, 2013 at 12:10 PM

Lauer isn’t known as the toughest interviewer on TV. I think somebody once said that most of the time you hear “Matt Lauer” and “grilling” in the same sentence, you also hear “hamburgers” or “hot dogs.”

So I appreciate the fact that Lauer asked the question, while acknowledging that a tough question being posed to Al Gore should not be so rare as to be front-page blog news.

J.S.K. on January 29, 2013 at 1:20 PM

@psrch Lol, grow up. You trying to teach me conservatism? Jeez, a child. I can teach you conservatism, liberalism and the present and destructive progressive ideology (you’d think its the same as liberalism. Well, it ain’t).

tommy71 on January 29, 2013 at 1:21 PM

“Not a finger!”

BigGator5 on January 29, 2013 at 1:22 PM

Really, free market capitalism? Trying to have the government shut down entire industries because your fraud scientists say they are warming the planet and then selling bogus carbon credit indulgences to line your pockets isn’t free market capitalism.
It’s fraud.

Lily on January 29, 2013 at 1:13 PM

Well…leaving aside the ‘is global warming real’ question –
laughable that your assumed ‘fraud’ is here is unique.
But maybe you’d indeed be surprised what plan the phone companies wanna sell to your mom.
The level to which corporate profits are built on ‘fraud’ ain’t no small part.
Or maybe you haven’t seen the news lately?

verbaluce on January 29, 2013 at 1:22 PM

Hmm….. Sorry, I beg to differ. I’m a capitalist, and Gore took advantage of that when he made mucho bucks. As long as it ain’t illegal, its good. You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

You seem to forget that Gore was rich before he ran his global warming scam. He and his rich Daddy gorged themselves for decades, thanks to their pal Armand Hammer and his evil Occidental Petroleum.

Del Dolemonte on January 29, 2013 at 1:26 PM

Del, so what? If hes making money out of capitalism, so be it.

tommy71 on January 29, 2013 at 1:29 PM

Gore has been accused of rape.

sentinelrules on January 29, 2013 at 1:20 PM

And to think that democrats didn’t have it in them to elect him preezy.

tom daschle concerned on January 29, 2013 at 1:42 PM

Jennifer Granholm and Cenk Uygur hardest hit…

Galtian on January 29, 2013 at 1:43 PM

Lets face it….Al Gore has enough of a cross to bear being Al Gore.

logicman_1998 on January 29, 2013 at 1:53 PM

lol Hypocrisy, thy name is Al Gore…what a pathetic human being he is..all he is about is making $..thats fine but what he’s doing it for is not fine..promoting the biggest farce in the history of science and getting richer than Mitt Romney from it..insano world right now

sadsushi on January 29, 2013 at 1:56 PM

As much as I dislike and disrespect Al Gore – it does amuse me that he isn’t more of a hero to conservatives – based on his stunningly successful run at free market capitalism, astronomical stock option gains, etc.
And wait ’til his carbon offsets investments pay out. The man is, more than anything else, an industrialist.

verbaluce on January 29, 2013 at 12:58 PM

Seriously??? He’s rich so conservatives should like that??

I think how he got rich is the question here..he got rich hoodwinking leftist a$$holes like you..even though you ‘dislike’ and ‘disrespect’ him…

It’s how he got rich…there’s gob’s of drug dealers, union thugs and brain dead actors that got ‘rich’…

BigWyo on January 29, 2013 at 1:56 PM

blink on January 29, 2013 at 1:51 PM

I think the sorry sob knows this…just being the usual a$$hole leftard…

BigWyo on January 29, 2013 at 1:57 PM

based on his stunningly successful run at free market capitalism

verbaluce on January 29, 2013 at 12:58 PM

You keep using those words, but I don’t think they mean what you think they mean.

Resist We Much on January 29, 2013 at 1:59 PM

based on his stunningly successful run at free market capitalism crony capitalism

verbaluce on January 29, 2013 at 12:58 PM

FIFY.

Resist We Much on January 29, 2013 at 2:01 PM

This is what Lauer decides to press a Dem on, while playing patty cake with them on everything else? Meh.

changer1701 on January 29, 2013 at 12:10 PM

I wonder why Matt Lauer told us to give Orpah a break on her hypocrisy with the MS Surface dealie while using an iPad?
Guess the hypocrisy has to reach epic levels in order to be allowed to question it.
And only a liberal can call out another liberal evidently.

Onto verbulace & tommy71:
Capitalism as practiced under the CONSTITUTION limiting Federal power & letting the states govern themselves is not how Gore got rich.
You two are both obtuse pieces of $hit for evading that reality.
Any Republican who gets rich bcs of this crony capitalism is also a pile of refuse.
Why do you two have to have the fracking obvious pointed out to you?
Are you really that fracking stupid you don’t get what is going on with this topic?

Badger40 on January 29, 2013 at 2:05 PM

Gore loves accolades won by other outlets. Of Al Jazeera, he says, “It’s won major awards in countries around the world.”

And Time Person’s of the year have included Adoph Hitler (1938), Joseph Stalin (1939 and 1942), Nikita Khrushchev (1957),
Deng Xiaoping (1978 and 1985), the Ayatollah Khomeini (1979), Yuri Andropov (1983, the scum of Time had to share Reagan’s year), Mikhail Gorbachev (1987 and 1989), and Vladimir Putin (2007).

It’s not hard to get medals from the libs.

itsspideyman on January 29, 2013 at 2:11 PM

I’ve got the pic and, OF COURSE, Politico fell for it as well…

The New Republic Pushes Fake Picture of Obama Skeet Shooting…Then Blames Twitter.

Resist We Much on January 29, 2013 at 2:15 PM

Really, free market capitalism? Trying to have the government shut down entire industries because your fraud scientists say they are warming the planet and then selling bogus carbon credit indulgences to line your pockets isn’t free market capitalism.

It’s fraud.

Lily on January 29, 2013 at 1:13 PM

Al Gore is the poster child of crony capitalism, the type that tries to shut down oppostion by buying government intervention. He sits in his 10,000 square foot house, putting out the energy that it takes to power 20 homes, and tells people to lower their expections, and that WE are the problem.

If your definition of capitalists is this, then I guess Gore is your man.

If it is, you’ve never taken a business course in your life.

itsspideyman on January 29, 2013 at 2:16 PM

As much as I dislike and disrespect Al Gore – it does amuse me that he isn’t more of a hero to conservatives – based on his stunningly successful run at free market capitalism, astronomical stock option gains, etc.
And wait ’til his carbon offsets investments pay out. The man is, more than anything else, an industrialist.

verbaluce on January 29, 2013 at 12:58 PM

If you had read Atlas Shrugged by Ayn Rand..you would understand that just making money is not the goal of capitalism. James Taggart made money…but he was a weasel just like Al Gore is.

logicman_1998 on January 29, 2013 at 2:19 PM

If you had read Atlas Shrugged by Ayn Rand..you would understand that just making money is not the goal of capitalism. James Taggart made money…but he was a weasel just like Al Gore is.

logicman_1998 on January 29, 2013 at 2:19 PM

D’Anconia’s monologue on making money is excellent. It should be taught in school.

tom daschle concerned on January 29, 2013 at 2:23 PM

And wait ’til his carbon offsets investments pay out. The man is, more than anything else, an industrialist.

verbaluce on January 29, 2013 at 12:58 PM

Market forces are driven by a good that satisfies a consumer need or want. There is no such need, and there is no product that is being being produced. It is a payoff, a protection racket.

The carbon offsets are driven by an unproven concept that Gore himself is promoting. He is no better than a carnival barker, a pyramid scheemer, and needs to be outed for giving businesspeople a bad name.

itsspideyman on January 29, 2013 at 2:24 PM

You seem to forget that Gore was rich before he ran his global warming scam. He and his rich Daddy gorged themselves for decades, thanks to their pal Armand Hammer and his evil Occidental Petroleum.

Del Dolemonte on January 29, 2013 at 1:26 PM

Del, so what? If hes making money out of nepotism, so be it.

tommy71 on January 29, 2013 at 1:29 PM

Fixed.

Del Dolemonte on January 29, 2013 at 2:30 PM

LOCKBOX!

ghostwalker1 on January 29, 2013 at 2:36 PM

based on his stunningly successful run at free market capitalism crony capitalism perpetuating and profiting from the biggest HOAX in modern history.

verbaluce on January 29, 2013 at 12:58 PM

FIFY.

Resist We Much on January 29, 2013 at 2:01 PM

….and then doubling down with the whole Al Jazeera thing….

The Grand Poo-Bah of the whole hand wringing, Mother Gaia steaming pile of bull$hit drops trou and bends over for the money…

cricket from the left…

Indeed…Good job Al…

BigWyo on January 29, 2013 at 2:38 PM

Hmm….. Sorry, I beg to differ. I’m a capitalist, and Gore took advantage of that when he made mucho bucks. As long as it ain’t illegal, its good. You’re all whining cos hes from an opposing party.

tommy71 on January 29, 2013 at 12:50 PM

Then you’re not a Capitalist. True, free market Capitalism involves the voluntary exchange of values for mutual benefit, without force or coercion. Gore has made his money from promoting government force and coercion. His profits are ultimately derived from the confiscation of others property and liberty. He is a crony capitalist or venture socialist, whichever term you prefer. But he is no Capitalist.

RadClown on January 29, 2013 at 2:48 PM

Anyone else see the resemblance to Porky the Pig? As for “Hypocrite”, isn’t that Big Al’s middle name?

GarandFan on January 29, 2013 at 2:50 PM

Resist We Much on January 29, 2013 at 2:01 PM

Look…I am no fan of the guy.
But with reason – and certainly not because he’s rich.
Your throwing the word ‘crony’ is just political.
Your begrudge him his business successes while not finding fault with others who play the same game.
Weren’t you self-congratulating your ‘intellectual honesty’ recently?

verbaluce on January 29, 2013 at 2:57 PM

Would you like to discuss the science?

blink on January 29, 2013 at 1:48 PM

Not with you.
But thanks.

verbaluce on January 29, 2013 at 2:58 PM

Your begrudge him his business successes while not finding fault with others who play the same game.
Weren’t you self-congratulating your ‘intellectual honesty’ recently?

verbaluce on January 29, 2013 at 2:57 PM

Such as???

BigWyo on January 29, 2013 at 3:06 PM

BigWyo on January 29, 2013 at 3:06 PM

I’m sure all of these are suspect.

verbaluce on January 29, 2013 at 3:12 PM

Al Gore: “I understand the criticism, but I don’t agree with it, so shut up.”

RebeccaH on January 29, 2013 at 3:20 PM

Look…I am no fan of the guy.
But with reason – and certainly not because he’s rich.
Your throwing the word ‘crony’ is just political.
Your begrudge him his business successes while not finding fault with others who play the same game.
Weren’t you self-congratulating your ‘intellectual honesty’ recently?

verbaluce on January 29, 2013 at 2:57 PM

No, my use of the term “crony capitalism” is NOT political, especially when I use it to describe the exploits of the man, who brought Ken Lay into the White House to help create the entire carbon credits scam.

Yeah, that’s right. Before he was Bush’s “Kenny Boy!” Ken Lay was in bed with Vice-President Al Gore.

If green energy was the true “next big thing,” then Wall Street would be killing itself to invest. It wouldn’t NEED government subsidies.

Resist We Much on January 29, 2013 at 3:21 PM

Resist We Much on January 29, 2013 at 3:21 PM

Huge investments in greentech and cleantech.
And oil gets government subsidies too.
You’re wrong on this – and inconsistent.
So if it isn’t political – what is it…ignorance?

verbaluce on January 29, 2013 at 3:29 PM

I’m shocked that a liberal doesn’t want to discuss science.

Why do liberals hate science so much?

blink on January 29, 2013 at 3:12 PM

It ain’t a liberal thing.
I also don’t wanna discuss fishing, The Beatles, or BMWs with you.

verbaluce on January 29, 2013 at 3:35 PM

I’m sure all of these are suspect.

verbaluce on January 29, 2013 at 3:12 PM

Ok, without actually looking into any of that crap…Give me one example that equals an ALGORE…

One name…??

BigWyo on January 29, 2013 at 3:46 PM

Huge investments in greentech and cleantech.
And oil gets government subsidies too.
You’re wrong on this – and inconsistent.
So if it isn’t political – what is it…ignorance?

verbaluce on January 29, 2013 at 3:29 PM

NO ONE SHOULD GET SUBSIDIES.

On oil subsidies, I truly hope that you haven’t fallen for the LIE that Big Oil gets subsidies from the government. It doesn’t. Independents and wildcatters get depreciation allowances.

Former Democratic Congressman 1979-2005, Martin Frost:

“I’m a supporter of the President’s. I’m concerned that he’s going to lose credibility on this oil and gas issue because HE’S NOT TELLING THE TRUTH entirely. What he is saying is that you need to eliminate four billion dollars worth of tax breaks for major oil companies because major oil companies have obscene profits.

THE PROBLEM WITH THIS IS THAT ONE OF THE BIG TAX BREAKS HE’S CITING – INTANGIBLE DRILLING COSTS – EXCUSE ME – PERCENTAGE DEPLETION – WAS REPEALED BY CONGRESS, EXCUSE ME, IN 1975, 36 YEARS AGO, AS IT AFFECTS MAJOR OIL COMPANIES.

The only ones that get percentage depletion anymore are domestic independents who drill most of the wells in the United States and employ four million people.”

“Democrat Congressman Dan Boren explained and agreed with Frost that Mr. Obama needs to get his facts straight while pointing out that the Obama energy solution would hike the cost of oil production, hike foreign oil dependency, hike the burden on smaller, independent energy producers, and leave Big Oil – among them Exxon, Shell, BP, Phillips and Conoco untouched:

“Specifically, the Administration is seeking to repeal the “percentage depletion” and “intangible drilling costs (IDCs)” tax incentives.

The removal of these provisions would negatively affect domestic independents who utilize them to attract the capital necessary to drill new oil and gas wells inside the United States.

It is estimated that eliminating percentage depletion and IDCs for domestic independents would reduce U.S. drilling by 30-40 percent, thereby increasing the nation’s dependence energy from foreign sources.

IDCs are nothing more than costs associated with exploration, development and production. Do you or your employer get to deduct the cost of doing business? If your employer builds a new location, should it not be allowed to deduct those costs from its gross income?

Unlike your employer, who can deduct overseas costs of doing business, IDCs can ONLY be deducted by independents engaged in domestic drilling within the United States.

Further, the percentage depletion allowance is NOT a subsidy either. It assigns a set percentage of depletion to the gross income derived from the production of minerals and energy by domestic companies. Major oil companies are barred by law from receiving percentage depletion altogether.

Now, if you want to argue that we should go to a flat tax, which would be infinitely more fair and eradicate much of the corruption in politics, then I will stand and fight with you ALL DAY LONG.

PS: Next time, be very, very careful before accusing me of inconsistency or ignorance. It will almost certainly again come back to bite you in the ass.

Resist We Much on January 29, 2013 at 3:48 PM

And oil gets government subsidies too.

verbaluce on January 29, 2013 at 3:29 PM

Such as???

Oh ..wait..I know this one..They get to use the same depreciation expenses as all the other industries…..

THE HORROR!!

Tax ‘break’ = subside

Maybe you should go look that word up..??

BigWyo on January 29, 2013 at 3:50 PM

PS: Next time, be very, very careful before accusing me of inconsistency or ignorance. It will almost certainly again come back to bite you in the ass.

Resist We Much on January 29, 2013 at 3:48 PM

What he said..

Way better, and in way more detail than I did…

You, Sir..rock.

BigWyo on January 29, 2013 at 3:56 PM

And oil gets government subsidies too.

verbaluce on January 29, 2013 at 3:29 PM

The deduction of expenses is not a subsidy. Giving taxpayer cash and/or sweetheart loans to politically favored industries and individuals are subsidies.

RadClown on January 29, 2013 at 4:00 PM

Oops, I forgot…

TITLE I SEC. 104. LIMITATION ON PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.

(a) In General- Section 613A of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

`(f) Application With Respect to Major Integrated Oil Companies- In the case of any taxable year in which the taxpayer is a MAJOR INTEGRATED OIL COMPANY (as defined in section 167(h)(5)(B)), the allowance for percentage depletion SHALL BE ZERO.’.

http://www.politico.com/news/stories/0511/54815.html

Resist We Much on January 29, 2013 at 4:01 PM

You, Sir Girl..rock.

BigWyo on January 29, 2013 at 3:56 PM

Thanks. :-)

Resist We Much on January 29, 2013 at 4:03 PM

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