tag:blogger.com,1999:blog-11762382.post5746694330630590898..comments2023-10-24T08:13:45.842-06:00Comments on Only in New Mexico: Oil and Gas SubsidiesJim Bacahttp://www.blogger.com/profile/14019944863771287149noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11762382.post-71303663855240213002011-08-05T14:56:05.864-06:002011-08-05T14:56:05.864-06:0040% of the "Oil & Gas Subsidy" is ac...40% of the "Oil & Gas Subsidy" is actually the ethanol tax credits, which are really a sop to the farm states. The next highest "subsidy" is in the form of LIFO accounting, Changing to FIFO would affect every business in the US, not just O&G. But then, when it comes to trying to make headlines with a two month old report retitled to include the words "New Mexico", every inflated dollar counts.Paul Lindseynoreply@blogger.comtag:blogger.com,1999:blog-11762382.post-70081713478069849692011-08-03T14:08:30.585-06:002011-08-03T14:08:30.585-06:00Explaining rational ideas to Mr. Pearce is like ar...Explaining rational ideas to Mr. Pearce is like arguing with a telephone pole.Anonymousnoreply@blogger.com