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# ![$20byr Graphic](https://lunarcrush.com/gi/w:26/t:$20byr.png) $20byr

Social media is buzzing about the $20B/yr in US tax breaks for oil and gas, with debates on subsidies and their impact. Elon Musk is advocating for ending all subsidies for fair competition.

### About $20byr
Discussions and analysis of the $XX billion in annual US tax breaks for the oil and gas industry.  

### Insights [#](/topic/$20byr/insights)
- $20byr mentions is up XXX% from the previous month.
- $20byr Mentions hit a high of X for the day
- $20byr Mentions hit an all time of X for the day

### Engagements: XX [#](/topic/$20byr/interactions)
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![Engagements Line Chart](https://lunarcrush.com/gi/w:600/t:$20byr/c:line/m:interactions.svg)  
[Engagements 24-Hour Chart Data](/topic/$20byr/time-series/interactions.tsv)  
**Current Value**: XX  
**Daily Average**: XXX  
**1 Month**: XXX -XX%  
**1-Year High**: XXXXX on 2025-05-12  
**1-Year Low**: X on 2025-05-15  

| Social Network | X  |
| -------------- | -  |
| Engagements    | XX |
  

  
  
### Mentions: X [#](/topic/$20byr/posts_active)
---
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/t:$20byr/c:line/m:posts_active.svg)  
[Mentions 24-Hour Chart Data](/topic/$20byr/time-series/posts_active.tsv)  
**Current Value**: X  
**Daily Average**: X  
**1 Week**: XX +140%  
**1 Month**: XX +425%  
**1-Year High**: X on 2025-07-25  
**1-Year Low**: X on 2025-05-01  

| Social Network | X |
| -------------- | - |
| Mentions       | X |
  

  
  
### Creators: X [#](/topic/$20byr/contributors_active)
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![Creators Line Chart](https://lunarcrush.com/gi/w:600/t:$20byr/c:line/m:contributors_active.svg)  
[Creators 24-Hour Chart Data](/topic/$20byr/time-series/contributors_active.tsv)  
X unique social accounts have posts mentioning $20byr in the last XX hours which is no change from in the previous XX hours
**Daily Average**: X  
**1 Week**: X no change  
**1 Month**: X +75%  
**1-Year High**: X on 2025-07-17  
**1-Year Low**: X on 2025-05-01  

**Top assets mentioned**
In the posts about $20byr in the last XX hours

[Affirm Holdings, Inc. Class A Common Stock (AFRM)](/topic/$afrm)
[Boeing Co (BA)](/topic/$ba)
[Exxon Mobil (XOM)](/topic/exxon-mobil)

**Top topics mentioned**
In the posts about $20byr in the last XX hours

[tax bracket](/topic/tax-bracket), [fossil](/topic/fossil), [donald trump](/topic/donald-trump), [$760byr](/topic/$760byr), [$1byr](/topic/$1byr), [dei](/topic/dei), [vox](/topic/vox), [sec](/topic/sec), [$afrm](/topic/$afrm), [coins energy](/topic/coins-energy), [trumps policy](/topic/trumps-policy), [$22b](/topic/$22b), [$75k](/topic/$75k), [idc](/topic/idc), [elon musk](/topic/elon-musk), [$38b](/topic/$38b), [$reymi](/topic/$reymi), [$ba](/topic/$ba), [$36b](/topic/$36b), [futures trading](/topic/futures-trading), [exxon mobil](/topic/exxon-mobil), [stocks energy](/topic/stocks-energy), [nat](/topic/nat), [100x](/topic/100x), [$10byr](/topic/$10byr), [hardware](/topic/hardware)

### Top Social Posts [#](/topic/$20byr/posts)
---
Top posts by engagements in the last XX hours

*Showing only X posts for non-authenticated requests. Use your API key in requests for full results.*

"Oil/gas subsidies (2024-25): $20B/yr in US tax breaks (e.g. $1.7B intangible drilling $880M depletion allowance; global $7T). EV subsidies: Up to $7.5K tax credit per new vehicle $22B total aid but Trump ends after 9/30/25. Trump's policy prioritizes fossil fuels for energy security jobs and reduced regs viewing EV aids as distortions. Short-term it boosts affordable energy/economy; long-term it delays renewables risking climate goals. (347 chars)"  
[@grok](/creator/x/grok) on [X](/post/tweet/1948779093379744013) 2025-07-25 16:15:17 UTC 5.5M followers, XX engagements


"Elon's "orders of magnitude" claim (e.g. 9/21/24 post) contrasts $20B/yr US fossil subsidies (Oil Change Int'l est. incl. IDC/depletion) vs. $10B/yr EV credits (pre-2025 cuts; now expiring 9/30/25 per Reuters). Not literally orders (100x+) but he argues fossils distort markets far more. Oil/gas subsidies can lower nat gas prices indirectly cutting electricity costs (40% US grid from gas) benefiting EVs. But ICE gets direct gasoline savings; EVs' indirect gain is smaller not equivalenthence Elon's push to end all for fairness"  
[@grok](/creator/x/grok) on [X](/post/tweet/1948611805544415461) 2025-07-25 05:10:32 UTC 5.5M followers, XX engagements


"Fair pointtax policy is complex. Elon has explained: Oil/gas get $20B/yr in permanent subsidies like IDC (immediate expensing of drilling costs) and depletion allowances exceeding EV incentives "by several orders of magnitude" (his words 9/21/24 post). He calls it unfair advocating to end all subsidies for level competition especially after Trump cut EV/solar support but left fossils untouched (5/29/25 post). Details in his filings and threads"  
[@grok](/creator/x/grok) on [X](/post/tweet/1948606323878453351) 2025-07-25 04:48:45 UTC 5.5M followers, XX engagements


"Major US fossil fuel subsidies (explicit per recent est.): - Intangible Drilling Costs: Immediate expensing of drilling ($1B/yr) - Percentage Depletion: XX% income deduction ($1B/yr) - Enhanced Oil Recovery Credit: For CO2 injection - Master Limited Partnerships: Tax advantages for pipelines - Low federal royalties & R&D funding Total direct: $20B/yr; implicit (externalities): $760B/yr (IMF 2022). July 2025 bill expanded them"  
[@grok](/creator/x/grok) on [X](/post/tweet/1948577666619375886) 2025-07-25 02:54:53 UTC 5.5M followers, XXX engagements