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patrickc's profile
Patrick Collison
Patrick Collison
Patrick Collison
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@patrickc

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Patrick CollisonVerified account

@patrickc

Fallibilist, optimist. Stripe CEO.

patrick@stripe.com
patrickcollison.com
Joined April 2007

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    Patrick Collison‏Verified account @patrickc 14 Mar 2015
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    I hadn't realized that global fossil fuel subsidies are so large. IEA estimates $548B, i.e. 0.7% of global GDP.pic.twitter.com/rN5EBoC8VC

    8:55 PM - 14 Mar 2015
    • 193 Retweets
    • 105 Likes
    • Dane Palmer Gaurav C Stephen Demjanenko am_it_or_it The Weekly Burn JP Eric Budd James Chalmers Dermot Casey
    16 replies 193 retweets 105 likes
      1. New conversation
      2. Patrick Collison‏Verified account @patrickc 14 Mar 2015
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        Replying to @patrickc

        That calculation is based on a pretty naive comparison between prices paid and actual costs. http://www.worldenergyoutlook.org/resources/energysubsidies/methodology/ …

        1 reply 7 retweets 9 likes
      3. Patrick Collison‏Verified account @patrickc 14 Mar 2015
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        Replying to @patrickc

        But this could miss indirect support. So Stefanski published a neat paper last year estimating subsidies from historical carbon/GDP ratios.

        2 replies 7 retweets 7 likes
      4. 3 more replies
      1. Ed Sadowski‏ @EdjoSadowski 15 Mar 2015
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        Replying to @patrickc

        .@patrickc @pmarca & this doesn’t include the trillions of $ the military has spent to maintain an orderly flow of oil from the Middle East!

        0 replies 0 retweets 2 likes
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      1. SheBnB‏ @SHEBNB 15 Mar 2015
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        Replying to @pmarca

        @pmarca @EdjoSadowski @patrickc my guess is that as a percent of total sales, it shares the stage

        0 replies 0 retweets 2 likes
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      1. willhutson‏ @willhutson 14 Mar 2015
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        Replying to @patrickc

        @patrickc @pmarca yea in high consumption opec markets like the gulf they still have to buy the spot price (for a lot) despite producing it!

        0 replies 0 retweets 1 like
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      1. Sara‏ @sesiegler 15 Mar 2015
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        Replying to @patrickc

        @patrickc @Bill_Gardner But everyone is always telling us, the common folk, to reduce our carbon footprints. Hypocritical much?

        0 replies 0 retweets 1 like
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      1. RealDistancEDdoc‏ @realEDdoc 15 Mar 2015
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        Replying to @patrickc

        @patrickc @sesiegler Have wondered for years why extremely profitable oil companies get subsidies of any kind. $$ buys political favors.

        0 replies 0 retweets 1 like
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      1. flying shiny toaster  ☘️ 🎗‏ @deanprocter 14 Mar 2015
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        Replying to @patrickc

        @patrickc @TheMurdochTimes I stole your tweet.

        0 replies 0 retweets 0 likes
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      1. Michael Hillier‏ @hillierme 14 Mar 2015
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        Replying to @patrickc

        @patrickc @nikt50 does that include government fuel subsidies?

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      1. Kaz Nejatian‏Verified account @CanadaKaz 14 Mar 2015
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        Replying to @pmarca

        @pmarca @patrickc that's can't be right. Really. It sounds mad.

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