3 ms·
Not sure I understand how they can be both highly subsidized and yet highly taxed at the same time.
by eej71 7y ago
Not sure I understand how they can be both highly subsidized and yet highly taxed at the same time.
- SuoDuanDao 7y agoextraction companies are taxed or owned outright, end products are subsidized.
- eej71 7y agoSounds like it will just net out.
- SuoDuanDao 7y agoOnly if you tend to use as much as you produce. If you're a net exporter, it pays for a lot.
- option_greek 7y agoSome sections of society might be subsidized (poor, inputs to fertilizer industry etc) but overall the price of gas is quite high (India: $4.18 per gallon, Brazil: $4.30). Its almost at same level as California and without any activism. During the oil highs of 2011-2012, prices reached as high as $5.5 per gallon.