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I've never seen good solid numbers that I liked. However, I'd say more than $100B/yr by US government, to protect our global supply chain of oil distribution. F
by dude01 10y ago
I've never seen good solid numbers that I liked. However, I'd say more than $100B/yr by US government, to protect our global supply chain of oil distribution. For instance, I'd say the entire cost of being in Iraq was an oil subsidy.
- mistermann 10y agoWell it certainly could, when the renewables industry has a plausible plan for complete replacement of conventional energy, I'm happy to support it with my tax dollars, or even before. And when that infrastructure is in place, I will happily remove my support for protecting this supply chain. But until then, calling this a "subsidy" of the oil industry is a bit of a mischaracterization. (But not complete, as these costs should most definitely be included in a comprehensive analysis when setting policy.)