Hamar

And, every election we here the people running talk about how crazy it is to give oil companies tax subsidies because of how much profit they make. Yet, once those people get elected they do nothing to get rid of those subsidies. You just know that while they are running and saying their BS they are communicating to big oil that they really won't touch them.

PatriotsReign

And if Americans knew that eliminating these subsidies would result in significant increases in fuel costs, they wouldn't want them eliminated.

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"No one walking this earth knows what is truly righteous"

PatsFanInVa

One thing I will say, is that if we're comparing the "cheap" oil to the "expensive" alternatives, we should certainly include the cost of the subsidies to the fossil fuel industries over the last century plus.

I think we'll end up saying that we have to subsidize energy, for various reasons. So the question becomes not whether to subsidize energy, but whether, for the federal government's (i.e., our) largesse, we are allowed to subsidize what's in all of our interests over time.

PFnV

Drewski

Very valid point PR. I assume that cutting whatever subsidies currently exist in those three markets would raise the price to me and you.

But at what point do we take a hard look and say "maybe by subsidizing oil companies (in this example) it is keeping our country/economy/world back from true growth and replacement of fossil fuels as a huge/main portion of our energy sources?"

The convenience of it has made us lazy...not to mention fossil fuels do not work for our betterment.

Just my 2 cents.

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Disclaimer:There has been no claim of expertness with this post.