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US subsidizes oil and gas so investors never lose

46 pointsby robdoherty2almost 4 years ago

3 comments

parineumalmost 4 years ago
This article and those like it ignore the actual reason for these subsidies, war time. Until our tanks and jets don&#x27;t run on oil, we&#x27;ll subsidize oil.<p>We&#x27;re not going to make the economy green by increasing the price of oil. It has to be done by making green energy cheaper or capable of replacing oil in military contexts.
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missedthecuealmost 4 years ago
The first &quot;subsidy&quot; that they name is the accounting concept of depreciation. I stopped reading at that point.
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bcrlalmost 4 years ago
No mention of the externalities that the oil industry benefits from - well reclaimation, carbon emissions... It is impossible to have a proper discussion about the oil industry if so many fundamental long term costs are ignored in the public discourse.