Quote:
Originally Posted by group911@aol.co
Tesla spends $1 million annually on Washington lobbyists. Its cars are financed by over $280 million in federal tax incentives, including a $7,500 federal tax break and millions more in state rebates and development fees. SpaceX has also received over $5 billion in government support. It has over promised and under delivered. SpaceX rockets, for example, are far less reliable than many of its competitors. This is outlined in reports from December 2017 and January 2018 in which the Department of Defense Inspector General and NASA's Aerospace Safety Advisory Council described a list of security concerns they have with SpaceX, among them 33 significant non-conformities."
As opposed to the $81 billion a year we spend militarily protecting oil? https://www.vox.com/energy-and-environment/2018/9/21/17885832/oil-subsidies-military-protection-supplies-safe |
The Vox article is basically a hit piece,
Lifo is used outside the oil industry. It is accepted by US practice. Dell, Wal Mart, and GE use the method.
Intangible drilling allows early deduction for site prep and other items. They pay less tax this year but will pay more down the road since the items are already deducted.
MLPs are not only for O&G. To qualify for a MLP a company must earn 90% of its income through activities or interest and dividend payments relating to natural resources, commodities or real estate. Most MLP tend to be energy related though O&G are not the only ones to take advantage. You can see others that use MLP here.
https://www.dividendinvestor.com/master-limited-partnerships-alphabetical/