HappySqurriel said:
What oil subsidies? Do you have a problem with paying reasonable prices for food, transportation, and energy/heating costs for your house?
The oil companies pay royalties on the oil they produce and then pay taxes under the same rules as every other corporation in the country; and as a result they pay higher over all taxes but are entitled to the same deductions as everyone else. There only "crime" is they produce a product that everyone wants that is sold in a free market where the price is set by supply and demand; and a combination of governments preventing increased supply and economic growth in the third world increasing demand have resulted in increasing oil prices. |
http://priceofoil.org/fossil-fuel-subsidies/
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