- Apr 1, 2011
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well, it turns out you have some reading to do! Did you ask me to do this search because you don't think the oil companies are subsidized or that you are just too lazy to do it yourself? Or maybe you are under the impression that the oil companies AREN'T subsidized. That would be amazing because you're smart enough to know about that.
So, here are some links:
NY Times Advertisement
What
One is from the New York Times, the other from The Heritage Foundation. Both are biased, but neither refute the existence of subsidies for the oil business.
Well, you can never underestimate the stupidity of politicians. However, they are counting purchases for the strategic petroleum reserve as a subsidy. That is no more a "subsidy" than purchasing office supplies is a "subsidy" to Office Depot.
The rest of those subsidies are entirely unnecessary. They should be abolished. They were probably passed during the carter administration.
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