Originally Posted by alkemical
What's the ROI/benefit to Oil Subsidies? Is it keeping the price at the pump down? How does this impact earnings reports for profits by companies that claim profit? Is that profit real, or adjusted due to the funding a company receives?
Paraphrasing from the following:
The largest BigOil "Subsidies" go towards:
Buying oil for the national strategic petroleum reserve.
Tax breaks for farmers who don't pay federal fuel taxes for the roads they don't drive on and...
low income energy assistance.
In other words, in any meaningful terms, they're not really subsidies to "Big Oil" at all. Just a nice talking point for the scapegoaters.